IndiGo Airlines (6E, Delhi International) has finalized an agreement with Pratt & Whitney affiliate International Aero Engines regarding “customized compensation” over aircraft groundings which have affected the airline’s vast fleet. According to a stock exchange filing, IAE will compensate the airline’s parent InterGlobe Aviation for an undisclosed amount due to the unavailability of P&W engines. [...]
NovoAir (VQ, Dhaka) has tapped UK aircraft remarketer and lessor Airstream International Group to sell five ATR72-500s, specifically S2-AJL (msn 600), S2-AHQ (msn 597), S2-AJK (msn 646), S2-AJM (msn 687), and S2-AHF (msn 636). The 1999 - 2002 build aircraft are available for immediate sale. "We’re delighted to continue our close and longstanding relationship with [...]
Source: ch aviation Read more: Viet Nam's Pacific Airlines set to resume flight ops
ACAM - Asian Corporate Aviation Management (Singapore Seletar) has acquired its first Gulfstream G550, with the ch-aviation fleets module showing the business jet operator took over responsibility for the management and operations of T7-ELLY (msn 5496) in mid-May. “We are extremely honoured and proud to have been awarded this contract to manage this beautiful G550 [...]
Source: ch aviation Read more: Avion Express hunts midlife A320s, eyes Brazil AOC by YE24
Source: ch aviation Read more: MEA may not be only sch'd carrier in Lebanon after 3Q24
The US Department of Commerce's Bureau of Industry and Security (BIS) has fined Turkish business charter firm Air Sapphire USD285,000 for arranging at least two charter flights into Russia without the required export licence. The Turkish firm acquired a US-made Gulfstream GIV-SP, TC-GLF (msn 1481), in October 2023. It then operated at least two charter [...]
Belarus and Russia are in negotiations over introducing flat fares on flights between the two countries, just like those that already exist within Russia, Interfax reported, citing Dmitry Krutoy, Belarussian ambassador to Russia. The diplomat stated that the idea was outlined at a meeting of the High-Level Group of the Council of Ministers of the [...]
As part of the coordinated ramp-up in sanctions against Russia announced by various governments during the recent G7 Summit, Canada has now designated low-cost carrier Pobeda (DP, Moscow Sheremetyevo) while the United Kingdom has sanctioned Volga-Dnepr Group. Ottawa did not provide detailed reasons for including the Aeroflot Group budget airline on its sanctions list but [...]
Top management members at Habib Group, the parent company of defunct Regent Airways’ parent HG Aviation, have been ordered by a court in Bangladesh to repay loans to two banks worth BDT3.5 billion (USD29.8 million), the Daily Star reported. The loans must be paid within two months to One Bank, which is owed BDT2.1 billion [...]