A class action against the founder of insolvent MYAirline (MYM, Kuala Lumpur Subang) is claiming he defrauded 213 people into investing MYR70 million ringgits (USD14.9 million) into corporate entities under the i-Serve group of companies. The statement of claim, filed on June 25 at the Shah Alam High Court by law firm Jerald Gomez and [...]
A former chief executive of Garuda Indonesia (GA, Jakarta Soekarno-Hatta) was sentenced to eight years imprisonment plus a IDR1 billion rupiah (USD61,200) fine last week following a corruption trial in Jakarta. Emirsyah Satar, Garuda's CEO between 2005 and 2014, heard the bad news at the city's Central District Court on June 27. He was also [...]
Source: ch aviation Read more: Toyota sells stakes in Japan Airlines and ANA
Iskwew Air (Vancouver International) has received funding in the amount of CAD1.75 million Canadian dollars (USD1.28 million) from Raven Indigenous Capital Investments, which should help the 100% indigenous woman-owned airline expand its operations, the companies revealed in a press release. “Co-creating the conditions for Indigenous business to thrive is the most natural, swift, and effective [...]
Source: ch aviation Read more: Dominican Republic’s SADOAVI progresses with certification
Source: ch aviation Read more: Argentina’s Flybondi hopeful of El Palomar return
Volato (TMB, Houston Hobby) is planning to take its first Gulfstream Aerospace business jet in August 2024, namely a G280, adding to a fleet that currently is almost currently comprised entirely of HondaJet HA-420s. The fractional ownership specialist ordered four G280s in 2022, then hoping for deliveries to start in early 2024. It now expects [...]
Source: ch aviation Read more: Tonga prioritises Lulutai's fleet growth
Breeze Airways (MX, Salt Lake City) has been granted US Federal Aviation Administration approval for International Supplemental Operations as part of efforts to obtain flag carrier status and launch international operations, which are currently planned for the winter season of 2024/2025. First reported by FlightGlobal, the three-year-old carrier expects to obtain said designation by the [...]
FedEx Express (FX, Memphis International) announced in its fourth quarter 2024 fiscal results that it has permanently retired twenty-two B757-200(SF) and seven related engines, which resulted in a noncash impairment charge of USD157 million. The planes' exit is part of the company’s plan to modernise its fleet, improve its global network efficiency, and better align [...]