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Kenyan airport operator to auction off 91 abandoned aircraft

Source: ch aviation Read more: Kenyan airport operator to auction off 91 abandoned aircraft

By | January 26th, 2024|Financial|0 Comments

Astana tweaks debt repayment terms in Qazaq Air sale

Source: ch aviation Read more: Astana tweaks debt repayment terms in Qazaq Air sale

By | January 26th, 2024|Financial|0 Comments

Brazil's GOL files for US Chapter 11 bankruptcy protection

GOL Linhas Aéreas Inteligentes (G3, Sao Paulo Congonhas) announced on January 25 that it is voluntarily filing for Chapter 11 in the United States Bankruptcy Court for the Southern District of New York. Commercial flight operations are still continuing, however. The Brazilian budget carrier is entering the legal process with a financing commitment for USD950 [...]

By | January 25th, 2024|Financial|0 Comments

FAA outlines B737-9 inspections, as B737-8 delivers to China

The US Federal Aviation Administration has detailed the procedure for inspections of all B737-9s covered by its jurisdiction, after which the aircraft will be cleared to return to service. The regulator has ramped up its supervision of Boeing and said it would not allow any production line expansion until quality concerns have been properly addressed. [...]

By | January 25th, 2024|Financial|0 Comments

Senior exec pleads guilty to defrauding US’s Polar Air Cargo

Carlton Llewellyn has become the sixth defendant to plead guilty so far to participation in “a massive scheme” to defraud cargo specialist Polar Air Cargo (PO, New York JFK), the United States Attorney’s Office for the Southern District of New York announced in a statement. Llewellyn, 55, a former vice president of operations, system performance, [...]

By | January 25th, 2024|Financial|0 Comments

Canada’s WestJet to lease five more B737-8s

WestJet (WS, Calgary) has announced dry-lease contracts for five brand-new B737-8s with CDB Aviation (three aircraft) and Avolon (two aircraft). The Canadian airline expects to take delivery of the five jets in early 2025. Combined with its existing order book, WestJet will now receive 22 brand-new B737 MAX airplanes before the end of 2025 and [...]

By | January 25th, 2024|Financial|0 Comments

UPS purchases two additional B747-8Fs

Source: ch aviation Read more: UPS purchases two additional B747-8Fs

By | January 25th, 2024|Financial|0 Comments

US's World Atlantic Airlines adds wet-leased A321F

Source: ch aviation Read more: US's World Atlantic Airlines adds wet-leased A321F

By | January 25th, 2024|Financial|0 Comments

United removes MAX 10 from "internal plans", keeps order

United Airlines (UA, Chicago O'Hare) has removed the B737-10 from its internal fleet plans but, for now, is not cancelling its order for the "great aircraft" and is "rooting for" its quick certification, the carrier's executives said during an annual investor call on January 23, 2024. "We are not cancelling the order. We are taking [...]

By | January 25th, 2024|Financial|0 Comments

Canada's Porter Airlines again moots IPO plans

Porter Airlines (P3, Toronto Billy Bishop City Centre) could launch an initial public offering (IPO) by the turn of the decade, Chief Executive Officer Michael Deluce recently said in an interview. Deluce told Bloomberg that the offering would not be in 2024 or 2025 but “could be in the two- to five-year range.” It would [...]

By | January 25th, 2024|Financial|0 Comments