Latvia's Cabinet has approved steps for the forthcoming initial public offering (IPO) of airBaltic (BT, Riga) including simplifying the airline's share structure to enhance its appeal to investors. To prepare for the IPO, airBaltic will consolidate its four existing share classes into a single class, in line with an August 30 Cabinet decision. The airline [...]
Aegean Airlines (A3, Athens) has announced a commercial joint venture and equity investment in Volotea (V7, Barcelona El Prat) of up to EUR50 million euros (USD55.2 million), split into two tranches. This could potentially give the Greek flag carrier a 21% stake in the Spanish LCC. The first tranche of EUR25 million (USD27.6 million) has [...]
Turkish Airlines (TK, Istanbul Airport) has ended its distribution agreement with Sabre Airline Solutions as of September 1, 2024, as it pushes towards more direct bookings through its forthcoming TKConnect platform. "Despite Sabre's intense efforts, we have not been able to reach mutually beneficial and commercially reasonable terms, and Turkish Airlines has decided to discontinue [...]
Iraq’s Ministry of Transport has decided to suspend six Iraqi Airways (IA, Baghdad) executives, including the general manager, Manaf Abdel-Monem, after severe delays at Baghdad International Airport on August 31, an official statement revealed. The suspensions will last while an investigation into the delays takes place but no longer than 60 days. In the meantime, [...]
East Coast Flight Services (JTM, Easton Newnam) inducted its first GIV-SP onto its Part 135 certificate. The aircraft is the only Gulfstream Aerospace aircraft and the first large business jet in its current fleet. N51PR (msn 1425) is a 23.2-year-old aircraft. Over the last month of operations with EAS Charter, it has been flying various [...]
Source: ch aviation Read more: Canada's Nolinor Aviation eyes customer-centric growth
Atmospherica Aviation (AAN, Prague Václav Havel) has retired its only Challenger 300, OK-AOA (msn 20295), and plans to replace it with an incoming Praetor 600. The Czech business aviation specialist has operated the Challenger 300 - its only Bombardier Business Aircraft unit - since 2017. It was last in service on August 31, 2024, flying [...]
Latvia’s government plans to retain just 25% of its stake in airBaltic (BT, Riga), plus one share, after it puts the company up for a long-awaited initial public offering (IPO) later this year, local media reported citing a government announcement. "We will ensure that the airline's main base remains at Riga Airport and that the [...]
Source: ch aviation Read more: Air Europa wet-leases in additional A330-900N capacity
A "wholly-owned subsidiary" of ITA Airways (AZ, Rome Fiumicino) has achieved USD240 million in private credit financing from AIP Capital, a loan that is secured by three new A330-900N aircraft with Rolls-Royce Trent 7000 engines, the airline announced. In a statement on August 29, ITA Airways chairman Antonino Turicchi labelled the deal as another step [...]