Air Astana (KC, Astana Nursultan Nazarbayev) aims to raise around USD120 million in dual listings on the London and Kazakhstan stock exchanges, a move in which both of its shareholders - the Samruk Kazyna Sovereign Wealth Fund and British aerospace and defence company BAe Systems - will divest shares and global depositary receipts (GDRs), the [...]
Folding the AirAsia and AirAsia X brands into a single corporate entity may take several years to finalise, according to Tassapon Bijleveld, the executive chairman of Thai AirAsia (FD, Bangkok Don Mueang) and Thai AirAsia X (XJ, Bangkok Suvarnabhumi). He says the planned merger cannot close until Thai AirAsia X wraps up its rehabilitation process. [...]
Source: ch aviation Read more: Nepali court says Buddha Air shareholder can attend AGM
Malaysian media are reporting that a Middle East-based investor has agreed to recapitalise and relaunch the insolvent MYAirline (MYM, Kuala Lumpur Subang). Multiple outlets say the parties reached a deal in late December, with the LCC also reapplying to the Malaysian Aviation Commission (MAVCOM) and Civil Aviation Authority (CAAM) for the conditional reissue of the [...]
The Civil Aviation Administration of China (CAAC) has temporarily halted the restart of B737 MAX jet deliveries to domestic airlines after Boeing (BOE, Washington National) last month discovered an aircraft with a possible loose bolt in its rudder control system. First reported by Bloomberg, CAAC decided to stop all new MAX deliveries even before the [...]
Caribbean Airlines (BW, Port of Spain) has a debt of approximately TTD35 million Trinidad & Tobago dollars (about USD5.16 million) to the Airports Authority of Trinidad and Tobago (AATT), Carmela Wallace-Shanlin, financial controller of the AATT, told the 17th meeting of the country's Public Accounts Committee, which took place on January 10, 2024. This debt [...]
Source: ch aviation Read more: Bolivia’s Amaszonas looks to relaunch operations
Source: ch aviation Read more: Repossessed Flair aircraft now in mn court battle
Volaris (Y4, México City International) has reported it will have an available seat miles (ASM) reduction between 16% and 18% during the full year 2024, due to the impact the Pratt & Whitney PW1100 engine issues are having on its fleet. As of January, the ch-aviation fleets advanced module shows 16 neo jets (fifteen A320-200Ns [...]
Amerijet International (M6, Miami International) has completed a successful financial and operational restructuring which included a USD55 million capital infusion, the return to lessors of six B757-200(PCF)s, modifications to its go-forward obligations on its B767-200(F) and B767-300F fleets, and a non-pilot headcount reduction. In a statement, the Miami-based cargo specialist said it is now in [...]