FlyXcite will be the first tenant of a new fixed-base operator (FBO) facility at Hamilton, ON. Developed by BC Developments, a Canadian property developer whose president is also CEO of FlyXcite, the investment is estimated at around USD50 million. The facility will complement another FBO site for FlyXcite scheduled to open in London, ON in [...]
Source: ch aviation Read more: Bahamasair mulls A220, B737 MAX for renewal
Sky Quest (ERY, Cleveland Hopkins) has retired its sole Hawker 400XP from its Part 135-certified fleet, as revealed by ch-aviation research. US FAA data confirms that MTJ Aviation now owns the jet, although it is not currently listed on their certificate. N65SQ (msn RK-438) completed its final flight under Sky Quest's 'ERY' code on September [...]
Grupo Aeroméxico, the parent holding of Aeroméxico (AM, México City International), has priced USD500 million of senior secured notes due 2029 with a coupon of 8.25% and USD610 million of senior secured notes due 2031 with a coupon of 8.625%. The company says the proceeds will be used to redeem senior secured notes due in [...]
Source: ch aviation Read more: New Caledonia’s Aircalin open to private investment
Source: ch aviation Read more: Asiana Airlines pilots head to court to stop cargo sale
Cebu Pacific Air (5J, Manila Ninoy Aquino International) will acquire an additional 20% stake in 1Aviation Ground Handling Services (1AV) in a debt-to-equity deal, according to an October 29 stock market filing. The transaction will increase Cebu’s ownership in 1AV from 40% to 60%. The airline will forego debts of PHP113 million pesos (USD1.94 million) [...]
Source: ch aviation Read more: Hong Kong Airlines to source B787s from within group
Source: ch aviation Read more: Korea's Cheongju Airport offers incentives for more aircraft
Riyadh Air (RXI, Riyadh) has ordered sixty A321-200neo ahead of its stated launch in the first half of 2025. The Saudi start-up and Airbus (AIB, Toulouse Blagnac) both confirmed the deal on October 30 following a signing ceremony in Riyadh. The narrowbody commitment was first alluded to earlier this year. The state-backed start-up did not [...]