Korea Express Air seeks investors to exit restructuring
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Strong investor interest in South Korea's Air Incheon
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Hong Kong IPO for China Southern Air Cargo – report
Guangzhou-based China Southern Air Holding is considering listing China Southern Air Cargo (CZ, Guangzhou) on the Hong Kong Stock Exchange (HKEX), according to Bloomberg. The IPO could raise "hundreds of millions of dollars" but comes hot on the heels of abandoning a planned listing on the Shanghai Stock Exchange and as the US and China [...]
Philippine Airlines to refurbish A321ceo fleet
Philippine Airlines (PR, Manila Ninoy Aquino International) will begin refurbishing its A321-200 fleet in May 2025, according to its 2024 annual report filed with the Philippines Stock Exchange. It comes as the airline experiences growing pains, with available aircraft capacity struggling to fully meet passenger demand. The cabin renewal will include installing new seats and [...]
Garuda Indonesia, Citilink eye 100 active aircraft by YE25
Garuda Indonesia (GA, Jakarta Soekarno-Hatta) and subsidiary Citilink aim to have 100 aircraft in service by the end of the year, according to new Garuda CEO Wamildan Tsani. Currently, per the ch-aviation fleets module, the two carriers have 90 aircraft in-service. Tsani told the newspaper Bisnis Indonesia that he was exploring all options to build [...]
US’s 7 AIR starts scheduled cargo operations
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Mozambique probes Fly Modern Ark’s LAM appointment
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Investment fund hits roadblock converting SpiceJet warrants
India's Securities and Exchange Board (SEBI) has vetoed a move by the Mauritius-registered Elara India Opportunities Fund to convert SpiceJet (SG, Delhi International) warrants into equity shares because the fund has failed to comply with beneficial ownership norms, according to the Moneycontrol digital newspaper. The fund wants to convert INR4.16 billion rupees (USD48.7 million) worth [...]
Bangladesh opens Sylhet, Chittagong for int'l cargo
The Civil Aviation Authority of Bangladesh (CAAB) will authorise international cargo flights from Chittagong and Sylhet to address capacity shortages created in the wake of an Indian ban on transhipments, The Daily Star has reported. "We are opening Sylhet for cargo operations on April 27, and Chattogram [Chittagong] will follow shortly," CAAB chairman Monjur Kabir [...]
Capital A seeks approval for $1.36bn equity write-down
Malaysia's Capital A will ask shareholders to approve a capital reduction of up to MYR6 billion ringgit (USD1.36 billion), allowing the company to offset its accumulated losses and shore up its balance sheet. Capital A, which ultimately controls AirAsia (AK, Kuala Lumpur International) and AirAsia X, and holds stakes in their various AirAsia-branded sibling carriers, [...]