GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) has finalised the USD1.9 billion financing package necessary to exit Chapter 11 restructuring, with new investors providing more funds than the carrier previously anticipated. According to the airline's stock market disclosure dated May 16, the package will comprise USD570 million from new investors. GOL previously planned to [...]
The US Bankruptcy Court has approved the immediate entry of USD5.5 million debtor-in-possession (DIP) funding provided to Silver Airways (3M, Fort Lauderdale International) by KIA II LLC, an affiliate of Wexford Capital, and scheduled an auction to sell the regional carrier for May 28, 2025. Judge Peter D Russin confirmed on May 15 that the [...]
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Serene Air (ER, Islamabad International) has signed a memorandum of understanding concerning an equity increase with an unnamed investor. The agreement was signed on May 5, 2025, and publicised on the airline's social media platforms. Serene Air flies to nine airports across Pakistan, the United Arab Emirates, and Saudi Arabia with a fleet of seven [...]
Garuda Indonesia (GA, Jakarta Soekarno-Hatta) is in talks with Indonesian sovereign wealth fund Danantara about a capital injection, according to Bloomberg. Despite concluding a debt restructuring process in late 2022, state-owned Garuda is struggling with grounded aircraft and a balance sheet revealing it has about USD1.4 billion more in debt than assets. The news outlet [...]
VietJetAir (VJ, Hanoi Noi Bai International) will transfer 50 aircraft from an existing Boeing order to Thai VietJetAir (VZ, Bangkok Suvarnabhumi). Styled as a "strategic initiative to strengthen aviation and tourism connectivity between Thailand, Vietnam, as well as other countries in the region," the agreement was announced on May 16. It was one of a [...]
Central Airlines (I9, Haikou) has started a new year-round scheduled service to Nottingham East Midlands on behalf of the Chinese logistics company YunExpress. The airline plans to operate the route 2x weekly. The inaugural flight from Xiamen via Tianjin operated on May 13, although ADS-B data indicates Central Airlines first flew to Nottingham East Midlands [...]
Skytrans (QN, Cairns) has discontinued Cessna (single turboprop) C208B operations and ceased scheduled passenger services on routes that used them. Without prior notice, the airline axed flights to eleven Torres Strait islands earlier this month, leaving it to another operator, Hinterland Aviation (OI, Cairns), to fill the void. Those flights operated to and from Skytrans' [...]