A Guam court has sentenced a former Korean Air (KE, Seoul Incheon) office manager to 41 months imprisonment for bank fraud and money laundering offences. Sung Peel Hwang, also known as Don Sung Peel Hwang, was sentenced at the US District Court of Guam on May 7 for diverting funds to his personal accounts. The [...]
Tonga's King Tupou VI has criticised his government's lack of transparency surrounding Lulutai Airlines (L8, Tongatapu) in a May 2 speech to mark the closing of the 2023-24 parliamentary session. The speech follows the Polynesian nation's auditor general recently calling out the government for failing to provide the required share certificates proving ownership, which he [...]
Kenya Airways (KQ, Nairobi Jomo Kenyatta) announced it would resume flights to Kinshasa N'Djili on May 8 after military intelligence in the Democratic Republic of Congo (DRC) released two of its employees who had been detained for a couple of weeks, ostensibly over missing customs documents. "Kenya Airways confirms that military authorities have unconditionally released [...]
Source: ch aviation Read more: Colombian amphibious start-up ALMA Air eyes 4Q24 launch
BermudAir (2T, Bermuda) has deployed an "innovative funding approach" to raise USD1 million via a tokenised bond issuance executed on the Obligate on-chain capital markets platform, saying it is the first airline to use fintech to raise capital. The issue was conducted in conjunction with global digital assets and cryptofinance firm XBTO Group. "The funding [...]
Spirit Airlines (NK, Fort Lauderdale International) has announced the furloughing of approximately 260 pilots, effective September 1, 2024, on the back of its decision to defer all aircraft on order that were scheduled to be delivered in the second quarter of 2025 through to the end of 2026, to 2030-2031. The company posted a USD142.6 [...]
Source: ch aviation Read more: JetSMART Colombia to almost double fleet by 4Q24
MCG Aviation (Vancouver Boundary Bay) has added a Dassault Aviation 900EX to its fleet, according to Transport Canada records. The former Global Jet Luxembourg (SVW, Luxembourg) asset ferried to the United States via Bangor International in February and has since been entered into the Canadian register as C-FMCL (msn 619). MCG Aviation, a subsidiary of [...]
Camair-Co (QC, Douala) continues to face a debt burden of XAF124 billion Central African francs (USD203.7 million), making it the second most indebted state-owned enterprise in Cameroon, according to the country's latest monthly public debt review. Released on April 25, the report by Cameroon's public debt management committee (Comité National de la Dette Publique - [...]
Source: ch aviation Read more: Italy's AlisCargo takes first B777-200F ahead of restart