Air Belgium (KF, Brussels Charleroi) has been given another four months to reach an agreement with its creditors under its process of court-led restructuring (Procédure de Réorganisation Judiciaire - PRJ), the company said in an internal document to its employees seen by local media. When Nivelles Commercial Court near Brussels approved Air Belgium’s request to [...]
Source: ch aviation Read more: Air Moldova unlikely to restart as AOC nears expiration
Source: ch aviation Read more: Fly Angola to restart scheduled ops in mid-1Q24
Ali Sharif Al-Emadi, a former Qatari finance minister who also served as a chairman of the board of directors at Qatar Airways (QR, Doha Hamad International), has been handed a preliminary 20-year prison sentence on money laundering charges exceeding USD5.6 billion, Reuters reported citing court documents. As ch-aviation previously reported, Al-Emadi, who is now 55, [...]
Source: ch aviation Read more: Pakistani airlines advised to bypass Iran
A decision by Greater Bay Airlines (HB, Hong Kong International) to rely on the B737-9 for fleet growth may come back to bite the recently launched airline, with an inflight incident in the United States earlier this month likely to hold up the type's certification in Hong Kong. Now operating five B737-800s, Greater Bay Airlines [...]
Source: ch aviation Read more: Japan Airlines takes delivery of first B767-300ER(BCF)
JetBlue Airways (B6, New York JFK) and Spirit Airlines (NK, Fort Lauderdale International) have said they will continue their legal battle to keep their tie-up alive, announcing late on Friday, January 19 that they will appeal a federal judge’s decision to block JetBlue’s planned USD3.8 billion acquisition of the ultra-low-cost carrier. The two airlines “reported [...]
Mesa Air Group has signed a new agreement with United Airlines (UA, Chicago O'Hare) that includes an improved block-hour rate for an existing capacity purchase agreement (CPA) and the repayment of debt to the mainline carrier with Mesa's shares in electric aircraft start-up Heart Aerospace. United agreed to extinguish the outstanding USD10.5 million bridge loan [...]
The US Office of Foreign Assets Control (OFAC) has sanctioned Iraq's Fly Baghdad (IF, Baghdad) and its Chief Executive Officer and owner, Basheer Al-Shabbani, for allegedly "providing assistance" to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its proxy groups in Iraq, Syria, and Lebanon. The airline denied being involved in any illegal activities. "For [...]