avianca airlines (AV, Bogotá) parent Avianca Group announced in a brief statement on July 1 that it will "confidentially submit" to the US Securities and Exchange Commission (SEC), a draft registration for an initial public offering (IPO) of its ordinary shares on a US bourse. If it wins approval, the company will press ahead with [...]
Turkish Airlines (TK, Istanbul Airport) has announced a new order for four Boeing B777-Fs, which will expand its cargo fleet and enhance its operational capabilities. While no delivery dates were provided, with this order Turkish Airlines will increase its freighter fleet to 22 inhouse aircraft, currently composed of ten A330-200Fs and eight B777-200Fs, the ch-aviation [...]
Source: ch aviation Read more: Kuwait to provide Yemenia aircraft; Houthis eye full control
Emirates (EK, Dubai International) has delayed the debut of its first A350-900 to November 4, when it will start operating a daily flight to Edinburgh. First reported by The National daily, Emirates is postponing the deployment of the new widebody because of delivery delays at Airbus. Edinburgh has replaced Bahrain International as the first destination [...]
Air India (AI, Delhi International) is contemplating a push into Indian regional routes, according to Mint. The outlet says internal discussions are underway about taking on IndiGo Airlines (6E, Delhi International) and operating more flights between India's key cities and smaller tier two and three cities, as well as point-to-point flights between various smaller cities. [...]
A class action against the founder of insolvent MYAirline (MYM, Kuala Lumpur Subang) is claiming he defrauded 213 people into investing MYR70 million ringgits (USD14.9 million) into corporate entities under the i-Serve group of companies. The statement of claim, filed on June 25 at the Shah Alam High Court by law firm Jerald Gomez and [...]
A former chief executive of Garuda Indonesia (GA, Jakarta Soekarno-Hatta) was sentenced to eight years imprisonment plus a IDR1 billion rupiah (USD61,200) fine last week following a corruption trial in Jakarta. Emirsyah Satar, Garuda's CEO between 2005 and 2014, heard the bad news at the city's Central District Court on June 27. He was also [...]
Source: ch aviation Read more: Toyota sells stakes in Japan Airlines and ANA
Iskwew Air (Vancouver International) has received funding in the amount of CAD1.75 million Canadian dollars (USD1.28 million) from Raven Indigenous Capital Investments, which should help the 100% indigenous woman-owned airline expand its operations, the companies revealed in a press release. “Co-creating the conditions for Indigenous business to thrive is the most natural, swift, and effective [...]
Source: ch aviation Read more: Dominican Republic’s SADOAVI progresses with certification