LATAM Airlines Group has announced it is proceeding with the opening and relisting of the company’s American Depositary Receipts (ADR) Program on the New York Stock Exchange (NYSE), and that it is exploring the possibility of having a secondary sale with certain creditors that were backstop parties to its Chapter 11 reorganisation plan. The parent [...]
US Bankruptcy Judge Martin Glenn has ordered LATAM Airlines Group to comply with a GOL Linhas Aéreas Inteligentes application to depose three executives, which was authorised in February after it was found that LATAM broke GOL’s bankruptcy automatic stay by trying to poach aircraft leases. First reported by specialised news outlet Law360, Glenn told LATAM [...]
Business jet charter operator FlyExclusive (JRE, Kinston) has taken on a Challenger 350, with ch-aviation research showing the aircraft, N234GF (msn 20620), switched operators in early May. The jet previously operated for a Michigan-based legal advisory firm called Fieger & Fieger. US Federal Aviation Administration records show N234GF is owned by an entity called FE [...]
Source: ch aviation Read more: Fastjet Zimbabwe adapts fleet to demand, competition
Swiss (LX, Zurich) expects the number of aircraft grounded due to ongoing Pratt & Whitney PW1000G engine issues to increase to up to 14 in 2024, according to the company’s head of operations, Oliver Buchhofer. Moreover, Swiss media outlet AeroTELEGRAPH reports that the airline is working under the assumption that the engine grounding issue will [...]
Source: ch aviation Read more: S Africa's FedAir expands PC-12 fleet for affluent tourism
Source: ch aviation Read more: Condor wants out-of-court settlement with Lufthansa
Dmitry Yadrov, head of Russia’s civil aviation regulator (Rosaviatsiya), has confirmed that S7 Airlines (S7, Novosibirsk) is experiencing problems keeping its fleet of A320neo and A321neo aircraft in the air, with Western sanctions on Russia hampering the maintenance of their Pratt & Whitney PW1000G engines. Separately, S7 has come out in opposition to a Kremlin [...]
Source: ch aviation Read more: Kazakhstan’s AlphaSky receives first B757-200F
Source: ch aviation Read more: Nepal Airlines' chairman suspended over unauthorised C-check