MJets (Thailand) (MIN, Bangkok Don Mueang) has acquired a shareholding in Singapore-based private jet and general aviation company Wings Over Asia (WOA) on the back of strong demand for private jet travel in Southeast Asia. It paid SGD17 million Singaporean dollars (USD12.6 million) for the minority stake. According to ch-aviation fleets data, MJets operates two [...]
Source: ch aviation Read more: Third attempt to sell Korea's Fly Gangwon attracts interest
Maersk Air Cargo (DJ, Billund) expects that two B777-200Fs it ordered in November 2021 will arrive either by late summer or early autumn this year, the newly appointed global head of airfreight, John Wetherell, said in an interview with FreightWaves. The freighters, ordered by the airline’s predecessor Star Air (Denmark), will fly under a Danish [...]
The Pakistan Stock Exchange (PSE) has delisted shares in PIA - Pakistan International Airlines (PK, Islamabad International), effective May 25. The delisting is a cog in PIA's privatisation that will see the loss-making carrier pass into majority private ownership and control. The privatisation will see non-core assets and liabilities transferred off PIA's balance sheet into [...]
Ezy Airlines of Thailand has taken delivery of its first aircraft ahead of its planned start of revenue operations in the third quarter of this year. The start-up, controlled by M-Landarch Company Limited, had its soft launch on May 24, 2024, in Hua Hin. Ezy has acquired a Cessna (single turboprop) Grand Caravan 208B EX, [...]
The bank overseeing the sale of the cargo arm of Asiana Airlines (OZ, Seoul Incheon) has extended the due diligence period as it scrutinises potential bidders' financial and business development plans. Seoul-based business news sites report that UBS has allowed itself another two weeks to undertake due diligence before announcing the two preferred bidders to [...]
Rex - Regional Express (ZL, Wagga Wagga) will begin operating E190 flights on the Adelaide - Perth International city pair, using wet-leased aircraft supplied by National Jet Express (JTE, Adelaide International). The flights will start on June 28. It will be the first time Rex has used Embraer types across its regular passenger network. It [...]
The chief operating officer at Air Chathams (3C, Chatham Island) says Whanganui District Council would be better off facilitating a route between Whanganui and Christchurch, instead of paying NZD6.7 million New Zealand dollars (USD4.1 million) to build a planned parallel taxiway. COO Duane Emeny told the New Zealand Herald that opening a route to Christchurch [...]
GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) has announced its new Chapter 11 five-year financial plan, which includes exit financing process of over USD3.5 billion, the issuance of new shares, and the uninterrupted delivery of new B737 MAX aircraft during the restructuring process. The airline’s financing will involve the offering of new shares in [...]
The United States' Corporate Aircraft Association (CAA) has selected Executive Air Taxi as its preferred fixed-base operator (FBO) at Bismarck Airport. The announcement, which took effect May 1, 2024, followed a competitive voting process among CAA members. Executive Air Taxi is among the biggest charter operators in the US Midwest. According to its website, available [...]