Court may seize €9.4mn from ITA Airways, reinstate 71 staff
Source: ch aviation Read more: Court may seize €9.4mn from ITA Airways, reinstate 71 staff
TUI Group considers London delisting
TUI Group is considering whether delisting from the London Stock Exchange and moving to the Frankfurt bourse would be "in the best interest of shareholders", given that most of its stock is already traded in Germany. "TUI has been recently approached by certain shareholders to discuss and understand whether the current listing structure is optimal [...]
Oslo okays Norwegian’s planned $110mn Widerøe takeover
Norway’s competition authority (Konkurransetilsynet) has approved the planned acquisition by Norwegian (Oslo Gardermoen) of domestic rival carrier Widerøe (WF, Bodø), despite giving the deal its interim refusal one month ago. The watchdog has “investigated the acquisition thoroughly,” said its director, Tina Søreide, on December 21. “Among other things, the authority has collected and reviewed extensive [...]
EU court agrees with Ryanair over Air France Covid bailout
The European General Court has annulled decisions taken by the European Commission in 2020 and 2021 to approve French state aid for Air France (AF, Paris CDG) during the Covid-19 pandemic on the grounds that Air France-KLM and KLM Royal Dutch Airlines (KL, Amsterdam Schiphol) would also have benefitted from the advantage of the funding [...]
Saudi Arabia’s flynas eyes IPO in 2024 – report
flynas (XY, Riyadh) has hired financial consultants for a possible initial public offering (IPO) on the Saudi Exchange in Riyadh sometime in 2024, the low-cost carrier told Bloomberg News. In a statement to the news agency in response to questions, the airline said it had engaged the financial services companies Goldman Sachs Group, Morgan Stanley, [...]
Uncle Sam nabs Kansas man for selling avionics to Russia
A businessman from Kansas faces up to 25 years in prison after pleading guilty to selling and exporting aviation-related equipment to Russia, starting in 2020 and continuing up to March 2023, a year after Russia’s invasion of Ukraine. Cyril Gregory Buyanovsky, 60, the owner and president of KanRus Trading Company Inc., will be sentenced at [...]
Sarawak gov't takeover of MASwings by 2H24 – reports
Source: ch aviation Read more: Sarawak gov't takeover of MASwings by 2H24 - reports
Engine SPV lessors enjoy legal win against India's SpiceJet
The Delhi High Court has ordered SpiceJet (SG, Delhi International) to pay two engine lessors INR37 million (USD445,000) by January 3, 2024. Justice Rekha Palli ruled in favour of the two lessors, Team France 01 SS and Sunbird France 02 SS, in a December 19, 2023, hearing. The two special purpose vehicles (SPVs) are owed [...]
DHL to charter JAL's first B767 freighter
JAL - Japan Airlines (JL, Tokyo Haneda) will operate its first dedicated freighter for DHL Express on previously announced international routes out of Tokyo Narita and Nagoya Chubu, starting in mid-February 2024. "We view this agreement as further solidifying the longstanding partnership between JAL and DHL. As we operate our own freighters for the first [...]
Discipline authority investigates ex-VP of Air China
Source: ch aviation Read more: Discipline authority investigates ex-VP of Air China