Brazil to open up Amazon region to cabotage
Source: ch aviation Read more: Brazil to open up Amazon region to cabotage
Chinese firm set to seize Nigerian presidential jets
A Paris court has authorised a Chinese investment firm to seize three Nigerian presidential aircraft in the execution of an international arbitral award granted in 2021, reports Nigeria's Premium Times. Having published a translated version of the court document, the Premium Times reported that the enforcement judge at the Paris Judicial Court (Tribunal Judiciaire de [...]
Romania’s Legend Airlines eyes US charters
Legend Airlines (Romania) (LZ, Bucharest Henri Coanda) has requested authorisation from the US Department of Transportation (DOT) to operate charter flights carrying persons, property, and mail between the European Union and the United States. The Romanian ACMI/charter specialist requested expedited processing of its application for an exemption and foreign air carrier permit to allow it [...]
KLM delays new HQ, reviews costs after €31mn 1H24 hit
KLM Royal Dutch Airlines (KL, Amsterdam Schiphol) has postponed plans for its new head office and is critically reviewing its investments, cost-saving strategies, and new revenue opportunities as it looks to control rising costs which have resulted in an operating loss of EUR31 million euros (USD34.1 million) for the first half of 2024, despite higher [...]
Transport nominee moots 80% gov't stake in Kenya Airways
Kenya's new cabinet secretary nominee for transport and roads, Davis Chirchir, has suggested the government increase its current 48.9% stake in Kenya Airways to 80%, given its KES600 billion shilling (USD4.6 billion) cumulative support to the airline since 2017. Chirchir appeared before the National Assembly's Committee on Appointments on August 1 during a four-day vetting [...]
Georgia’s MyWay Airlines eyes B767F, B747Fs
Source: ch aviation Read more: Georgia’s MyWay Airlines eyes B767F, B747Fs
Promoter of India's SpiceJet set to sell 10% stake
The managing director and promoter of SpiceJet (SG, Delhi International) will sell 10% of his stake in the carrier in a bid to raise around INR30 billion rupees (USD357 million) to help keep the airline afloat, according to The Economic Times. Singh, along with family members and entities associated with him, currently holds a 47.8 [...]
French banks file lawsuits against VietJet
Source: ch aviation Read more: French banks file lawsuits against VietJet
Hyundai Glovis to invest ₩150bn in Korea's Air Incheon
Source: ch aviation Read more: Hyundai Glovis to invest ₩150bn in Korea's Air Incheon
SAS delists from Scandinavian stock exchanges
SAS Group, the holding company of SAS Scandinavian Airlines (SK, Copenhagen Kastrup), delisted from the Scandinavian stock exchanges Nasdaq Stockholm, Nasdaq Copenhagen, and Oslo Børs on August 14 ahead of its expected emergence from restructuring at the end of the month. In a statement, the group marked August 13 as the last day of trading [...]