The United States Department of Justice has indicted a US-Iranian national for allegedly facilitating the export of US-manufactured aircraft parts, including components used on F-4 fighter jets, to Iran, a DOJ press release stated. The indicted individual is Jeffrey Chance Nader, 68, and the indictment claims that from 2023 he conspired to purchase and illegally [...]
Source: ch aviation Read more: Florida firm found to be selling parts to Russia - report
A two-party consortium is preparing to pump around USD125 million into Akasa Air (QP, Mumbai International), according to The Economic Times. It values the low-cost carrier, which commenced revenue operations two years ago, at about USD350 million, or a four-fold increase on its initial valuation. The newspaper cites sources close to the matter saying that [...]
AirAsia (AK, Kuala Lumpur International) has locked in dual-tranche private financing of USD443 million to fund refurbishing parked planes and refinance lease liabilities, according to an August 22 statement from majority owner Capital A. California-headquartered Ares Management Corporation and Singapore-based Indies Capital Partners Pte. Ltd., both alternative investment managers, tipped in USD200 million for the [...]
Cambodian investment holding Royal Group of Companies has unveiled plans to launch its own business charter specialist with a fractional ownership programme under the CamJets brand. The holding staged a press event at Phnom Penh on August 21, operating a demo flight using a Challenger 3500, N996CL (msn 20996). However, the company confirmed to ch-aviation [...]
The chief executive of Hong Kong Airlines (HX, Hong Kong International) has told Bloomberg he wants to acquire at least three used B787s to resume flights to North America next year. Sun Jianfeng said the carrier was eyeing routes to Seattle Tacoma International, Los Angeles International, Vancouver International, and Toronto Pearson. The HNA Group-owned airline [...]
Source: ch aviation Read more: Indonesia's AirNesia Royal Cargo nets AOC, second B737F
Royal Class has taken delivery of its first Embraer Executive Jets unit, namely Legacy 600 N6GD (msn 14500983). The 17.5-year-old aircraft was formerly operated by Elite Air (United States of America) (ELZ, St. Petersburg/Clearwater). It was retired by the American operator on August 10, 2024, when it flew from Teterboro to Miami Opa-Locka. Still under [...]
Source: ch aviation Read more: Argentina eliminates Aerolíneas’ public tender exclusivity
Source: ch aviation Read more: Court tells Argentina to pay for Aerolíneas nationalisation