Prospective purchasers of PIA - Pakistan International Airlines (PK, Islamabad International) are pushing back on a government requirement to invest USD500 million in the airline, increase its fleet, and maintain certain routes, according to the Express Tribune newspaper. Islamabad plans to sell a 75% stake in the majority state-owned carrier, but the six shortlisted bidders [...]
SpiceJet (SG, Delhi International) has told investors it plans to raise INR32.36 billion rupees (USD385.4 million) to settle liabilities, unground aircraft, induct new planes, and other general purposes. The low-cost carrier made its presentation on September 6 as part of its campaign to woo investors to participate in its planned capital infusion. The airline plans [...]
Source: ch aviation Read more: Trouble brews among top shareholders of Korea's t'way Air
K-Mile Asia (8K, Bangkok Suvarnabhumi) has taken delivery of its first B767-300ER(BCF) - its first widebody freighter and the first of its type in Thailand. HS-KSA (msn 33421) arrived at Bangkok Suvarnabhumi on September 6, 2024, following a non-stop ferry flight from Guangzhou. The company told ch-aviation that the aircraft is leased. Powered by Pratt [...]
Source: ch aviation Read more: China's Shenzhen Airlines to sell A319s
US investment fund Blackrock Investment Management has sold a portion of its preferential shares and American Depositary Receipts (ADRs) in Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos), reducing its stake in the Brazilian airline from 5.061% to 4.716%, Reuters reported. The divestment follows reports that alleged Azul was in discussions with shareholders to optimise [...]
Source: ch aviation Read more: Aerolíneas Argentinas furloughs 13% of staff - gov't
Elliott Investment Management has now acquired more than 10% of Southwest Airlines (WN, Dallas Love Field) common stock, according to a September 3, 2024, filing with the US Securities Exchange Commission. According to Southwest's bylaws, passing that threshold gives a shareholder the right to call a special meeting of shareholders. Frequently tagged as an activist [...]
Source: ch aviation Read more: Air Sénégal settles debt with lessor - reports
Air Botswana (BP, Gaborone) has dismissed what it called "false and irresponsible reporting" about its ongoing aircraft re-fleeting after the Botswana Guardian newspaper, on September 6, claimed the state-owned carrier had been duped by a third-party broker to pay BWP300 million pula (USD22.5 million) for an unairworthy aircraft that remained grounded, and that the country's [...]