The government of the Democratic Republic of Congo (DRC) has firmed an order for five N219 turboprops from Dirgantara Indonesia. The contract involves an Indonesian intermediary firm, Setdco Group, which will acquire the aircraft from the manufacturer and then redeliver them to the DRC. Neither the final operator nor a delivery timeline were disclosed. The [...]
Lilium NV, the US Nasdaq-listed parent of Germany's Lilium (Oberpfaffenhofen) and Lilium eAircraft, has warned it may have to file for insolvency and stands to lose control of these two wholly-owned overindebted subsidiaries which are themselves due to file for insolvency and self-administration/debtor-in-possession proceedings under German law in the coming days. In a US stock [...]
Source: ch aviation Read more: Fly Burundi begins certification
Source: ch aviation Read more: UK's Propel Flight Operations eyes charter flights
Source: ch aviation Read more: Korea's Aero K to appeal adverse mn lease dispute ruling
Source: ch aviation Read more: CNMI's Star Marianas involves US FAA in airport fees dispute
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, 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 [...]
Source: ch aviation Read more: Moldova's Pecotox-Air takes delivery of first B747F
Source: ch aviation Read more: Air Serbia inducts first E195 into service