Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) is not considering filing for Chapter 11 bankruptcy protection in the United States and is instead now negotiating with lessors to pay USD600 million for shares to settle its debt over the next three years, the company’s chief executive, John Rodgerson, told the newspaper Folha de S.Paulo [...]
Source: ch aviation Read more: Air Sénégal, lessor to face off in court in Dakar - report
Source: ch aviation Read more: Nigeria's Ibom Air adds CRJ900s to fill capacity gap
Pending further consultations, the Belgian government has suspended a proposed night-time ban on Boeing 777 freighter operations at Brussels National, which would have impacted AeroLogic (3S, Leipzig/Halle) and DHL Express. The decision follows protests from Flanders' regional government and concerns that switching to smaller, older aircraft would increase noise levels. AeroLogic, a joint venture between [...]
Udan Aviation has registered its first aircraft, a Global 6000, ch-aviation research has revealed. ZS-CLO (msn 9438) is a 13.5-year-old aircraft formerly operated by San Marino's FTC Aviation. It was re-registered in South Africa in late July 2024 and was activated on August 10 for a test flight around Dubai World Central. It subsequently flew [...]
Kenya Airways (KQ, Nairobi Jomo Kenyatta) aims to convert loans into shares to reduce its debt and increase equity, paving the way for a strategic investor to come on board by December or early next year, according to CEO Allan Kilavuka. He told Kenya's Business Daily Africa that the airline is banking on its top [...]
Latvia's Cabinet has approved steps for the forthcoming initial public offering (IPO) of airBaltic (BT, Riga) including simplifying the airline's share structure to enhance its appeal to investors. To prepare for the IPO, airBaltic will consolidate its four existing share classes into a single class, in line with an August 30 Cabinet decision. The airline [...]
Aegean Airlines (A3, Athens) has announced a commercial joint venture and equity investment in Volotea (V7, Barcelona El Prat) of up to EUR50 million euros (USD55.2 million), split into two tranches. This could potentially give the Greek flag carrier a 21% stake in the Spanish LCC. The first tranche of EUR25 million (USD27.6 million) has [...]
Turkish Airlines (TK, Istanbul Airport) has ended its distribution agreement with Sabre Airline Solutions as of September 1, 2024, as it pushes towards more direct bookings through its forthcoming TKConnect platform. "Despite Sabre's intense efforts, we have not been able to reach mutually beneficial and commercially reasonable terms, and Turkish Airlines has decided to discontinue [...]
Iraq’s Ministry of Transport has decided to suspend six Iraqi Airways (IA, Baghdad) executives, including the general manager, Manaf Abdel-Monem, after severe delays at Baghdad International Airport on August 31, an official statement revealed. The suspensions will last while an investigation into the delays takes place but no longer than 60 days. In the meantime, [...]