Metals and mining investment firm Altair International Corporation is well-advanced in its reverse merger with Premier Air Charter (San Diego McClellan Palomar), according to a recent shareholder update. Altair said the closing items, per the terms of the merger agreement, are being completed and both parties look forward to finalising the transaction. In February, Altair [...]
United Airlines (UA, Chicago O'Hare) has entered into an undisclosed agreement with Boeing to receive compensation for financial damages incurred in the first quarter of 2024 from the grounding of its B737-9 fleet, as well as “a confidential agreement to accommodate certification delays” of the B737-10, the airline announced in an SEC filing. In the [...]
The US Department of Transportation (DOT) has revoked the Part 135 certificate of public convenience and necessity issued to Andrew Airways (Kodiak), due to the airline failing to commence any such operations, according to a filing seen by ch-aviation. Andrew Airways was awarded its certificate in July 2018, to engage in scheduled interstate flights covering [...]
Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) and GOL Linhas Aéreas Inteligentes’s talks about a possible merger are gaining momentum, according to a report from Bloomberg, citing people familiar with the matter. The media outlet reported Azul is considering one scenario in which Abra Group, the owner of GOL and avianca airlines, would contribute [...]
SpiceJet (SG, Delhi International) is facing a fresh bid to have it declared insolvent after three special purpose vehicles (SPVs) controlled by lessor DAE Capital launched legal action at India's National Company Law Tribunal (NCLT) last month. According to open-source NCLT records, AWAS 36698 Ireland Limited, AWAS 36695 Ireland Limited, and AWAS 36694 Ireland Limited [...]
Sky Wings Aviation (Karachi International) has been awarded a contract to operate a new air ambulance service for Pakistan’s eastern Punjab province, according to local news reports. The service, proposed by Punjab’s chief minister, Maryam Nawaz Sharif, is set to be operational in June and will employ Sky Wings’ Piper (twin piston) Seneca II, AP-BFM [...]
Aftermarket aircraft broker AerSale (United States of America) will purchase four Air India (AI, Delhi International) B747-400s, according to The Economic Times. The acquisition ends a long marketing campaign to sell the aircraft, which last operated revenue flights for the flag carrier in 2021. ch-aviation has learned that as recently as last week, only one [...]
Capital A, owner of AirAsia Aviation Group (AAAGL) and AirAsia Bhd (AAB), has said it is "in the midst of exploring a potential fund-raising exercise by its aviation business". However, the evaluation is still in its preliminary stage, and the board of directors has not been presented with a firm proposal to deliberate on, the [...]
Source: ch aviation Read more: ANA buyout no threat to NCA Nippon Cargo Airlines operations
Source: ch aviation Read more: Indonesia's Rimbun Air eyes converted B737-900 types