Kenya Airways (KQ, Nairobi Jomo Kenyatta) is talking to a range of airlines about a strategic equity partnership through which it hopes to raise between USD1 billion and USD1.5 billion to recapitalise the flag carrier, exit its negative equity position, repay loans, and facilitate growth, according to CEO Allan Kilavuka. As government support is limited [...]
Source: ch aviation Read more: EgyptAir to repay loans using A220 sale proceeds - CEO
Source: ch aviation Read more: Türkiye's Southwind blasts EU ban, denies Russia ties
Source: ch aviation Read more: IranAir adds wet-leased B737 capacity
The Aviation Administration of Kazakhstan (AAK) has granted FlyArystan (KC, Astana Nursultan Nazarbayev) its own Air Operator’s Certificate (AOC), following “an extensive audit and examination process”, both parties announced in separate press releases. The AOC was issued on April 1 and allows FlyArystan to align its operations “more effectively with its low-cost carrier model and [...]
Source: ch aviation Read more: Bangladesh's US-Bangla to start A330 ops in early 2Q24
Hyundai Group (Seoul Gimpo) is planning to acquire a B737-8(BBJ) to replace its existing B737-700(BBJ) which is used as a spare for its recently acquired Gulfstream Aerospace G650ER. Although the South Korean car manufacturer has yet to confirm any MAX 8 order with Boeing let alone a delivery date, Korea's Aju News says recruitment ads [...]
Hainan Airlines (HU, Haikou) is preparing to acquire up to twenty A330-900Ns. While there is no official announcement about any aircraft order, a March 29, 2024, Hainan Airlines Holding stock market filing details a multi-million dollar spend at Safran Cabins Germany GmbH to assemble galley kitchen equipment for the aircraft type. "The company plans to [...]
Source: ch aviation Read more: China’s Suparna Airlines to add first C919s in 4Q24
Apex Air (China) (XAI, Nantong) has been declared bankrupt by the Tongzhou District People's Court of Nantong City following an application lodged in late December by 11 employees who are owed CNY664,142.48 yuan (USD91,800) in unpaid wages. Court documents seen by ch-aviation show that law firm Jiangsu Qingxin was appointed administrator on December 27, 2023. [...]