Air India (AI, Delhi International) has refinanced short-term loans from the State Bank of India and the Bank of Baroda, according to the Economic Times newspaper. The refinancing occurred in the last quarter of 2023, with the airline securing INR190 billion rupees (USD2.29 billion) over a three-year term at 7.5% per annum. The loan replaces [...]
Source: ch aviation Read more: Second attempt to sell Korea's Hi Air gets underway
LIAT 2020 Ltd will begin scheduled passenger flights in the Caribbean within the next two months, said Antigua and Barbuda Prime Minister Gaston Browne during the 46th regular meeting of CARICOM leaders. First reported by the Caribbean Media Corporation, Browne said he is optimistic about the new carrier and that “significant progress” has been made, [...]
B747-300M YV3531 (msn 23413), formerly operated by Emtrasur Cargo, has been scrapped in the United States just a few weeks after it was ferried from Buenos Aires Ministro Pistarini to Miami Dade-Collier. The aircraft was flown to the US on February 12 after 18 months of planning, coordination, and execution alongside the Argentinian government. Argentina [...]
Source: ch aviation Read more: Mexicana eyeing Embraer E2 order - report
Source: ch aviation Read more: LATAM eyeing new base at Fortaleza, Brazil - report
Boeing (BOE, Washington National) has been given until the end of May to come up with "a comprehensive action plan to address its systemic quality-control issues", the US Federal Aviation Administration (FAA) said after a meeting with the manufacturer on February 29. Meanwhile, Bloomberg reported that the US Department of Justice (DOJ) is investigating whether [...]
Source: ch aviation Read more: Nordic Seaplanes looks for opportunities with Maltese AOC
Source: ch aviation Read more: Spain’s One Airways mulls restart
Air Pink (PNK, Belgrade), its wholly-owned subsidiary Air Emeralds, and nominally unrelated - but based at the same address - Star Fly Wings have all had their Air Operator's Certificates (AOCs) suspended. While Air Pink owner told the Serbian media the airline requested the suspension, the development follows reportedly negative results of an EASA safety [...]