Fly Burundi begins certification
Source: ch aviation Read more: Fly Burundi begins certification
UK's Propel Flight Operations eyes charter flights
Source: ch aviation Read more: UK's Propel Flight Operations eyes charter flights
Korea's Aero K to appeal adverse $8mn lease dispute ruling
Source: ch aviation Read more: Korea's Aero K to appeal adverse mn lease dispute ruling
CNMI's Star Marianas involves US FAA in airport fees dispute
Source: ch aviation Read more: CNMI's Star Marianas involves US FAA in airport fees dispute
Brazil’s Azul struggling to find investors – report
Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) has two options to raise about USD400 million in new cash: a fresh financing accord with its existing ad hoc group of bondholders, or receiving capital that Jefferies Financial Group is trying to raise from other investors. The first option may entail a future debt-for-equity swap, while [...]
Abra Group secures $1.25bn in refinancing
Abra Group, owner of avianca airlines, GOL Linhas Aéreas Inteligentes, and Wamos Air, has closed two private refinancing transactions worth a total of USD1.25 billion. One of the holding group's own subsidiaries, Abra Global Finance (based in the Cayman Islands), closed a private placement of USD510 million in aggregate principal amount of senior secured notes [...]
Moldova's Pecotox-Air takes delivery of first B747F
Source: ch aviation Read more: Moldova's Pecotox-Air takes delivery of first B747F
Air Serbia inducts first E195 into service
Source: ch aviation Read more: Air Serbia inducts first E195 into service
Parts trading is key to DAT’s ATR-based business model – CEO
Source: ch aviation Read more: Parts trading is key to DAT’s ATR-based business model - CEO
Lisbon approves TAP share capital reduction
The Portuguese government, through the state-owned assets oversight board (Direção Geral do Tesouro e Finanças - DGTF), has approved a reduction in the share capital of TAP Air Portugal (TP, Lisbon) by two-thirds from its current EUR980 million euros (USD1.05 billion) to EUR313.6 million (USD337.8 million) to absorb losses and restructure its financial obligations. The [...]