The supervisory board of Air Austral (UU, St. Denis de la Réunion) approved a restructuring plan presented by the airline's management at a meeting on March 7, according to a statement from the carrier. The plan includes cutting payroll by 10% , reducing supplier expenses and reorganising government debt. The airline will also try to [...]
LAM - Linhas Aéreas de Moçambique's new interim chief executive, Theunis Crous, plans to review the airline's existing partnerships with OEMs and lessors as part of a new strategic plan for the state-owned carrier until 2030. Crous told the Lusa news agency he would continue to review the loss-making airline's assets and oversee its financial [...]
Source: ch aviation Read more: Western Air Bahamas ends Saab 340 operations
Air Flo Airlines (Miami International) has secured seed funding and retained a "major aviation-focused investment bank" for "the big raise" as it plans to launch scheduled services with a fleet of A220s, Founder Ed Wegel said. The start-up is backed by AVi8 Air Capital, Wegel's investment firm where he is the managing director. It has [...]
Source: ch aviation Read more: Chile's JetSMART shifts foreign flights to the same code
Source: ch aviation Read more: Cabo Verde Airlines bolsters wet-leased ATR72 capacity
Air Mediterranean (MV, Athens) will operate charter flights out of Forli in partnership with GoTo Fly, taking over from AeroItalia (XZ, Rome Fiumicino), with which the Italian virtual carrier had an agreement last year until their alliance collapsed. Starting on May 27 and running through the summer season, the Greek carrier will deploy its fleet [...]
Source: ch aviation Read more: Sudan's Sun Air renews AOC ahead of relaunch
Source: ch aviation Read more: Ireland’s Fly4 Airlines launches flight operations
Source: ch aviation Read more: Russian gov't to earmark .2mn for Aeroflot lease buyouts