Fly-Li Mayotte to launch with chartered Saabs
Source: ch aviation Read more: Fly-Li Mayotte to launch with chartered Saabs
US sanctions three firms for smuggling parts to Venezuela
The US Department of Commerce's Bureau of Industry and Security (BIS) has designated three firms with offices in multiple countries for the alleged smuggling of US-origin aircraft parts to sanctioned entities controlled by the Venezuelan government. The export restrictions were imposed on the following companies: Aerofalcon S.L., a Spanish aircraft parts broker, Novax Group S.A., [...]
Mexico’s Volaris secures P&W inspection compensation
Volaris (Y4, México City International) says it has agreed a compensation deal with Pratt & Whitney for each of the engines that are being pulled from its fleet for inspections. The low-cost carrier’s chief executive, Enrique Beltranena, had said in an earnings call in October that talks were underway with the manufacturer on a “negotiated [...]
Brazil’s GOL to review capital structure amid lessor talks
GOL Linhas Aéreas Inteligentes (G3, Sao Paulo Congonhas) has hired the New York-based financial consultancy Seabury Capital to help it carry out “a broad review” of its capital structure, it said in a statement. Among the objectives is a review of how to manage liabilities, financial transactions, and other measures aimed at improving liquidity and [...]
Serbian firm snaps up ex-Montenegro Airlines' F100, engines
Source: ch aviation Read more: Serbian firm snaps up ex-Montenegro Airlines' F100, engines
Judge seeks more sacrifices as JetBlue-Spirit trial ends
The closing arguments have been heard in a United States Department of Justice trial to decide on the fate of the planned USD3.8 billion acquisition of Spirit Airlines (NK, Fort Lauderdale International) by JetBlue Airways (B6, New York JFK), with US District Judge William Young hinting that the deal could go ahead if JetBlue agrees [...]
Boss of AOG Technics arrested in UK Fraud Office raid
The UK Serious Fraud Office (SFO) has commenced a criminal investigation into rogue aircraft supplier AOG Technics, raiding a London residential address on the morning of December 6, 2023, and taking one person in for questioning. The SFO-issued statement on the matter did not name the person detained. However, multiple outlets are reporting that it [...]
IranAir privatisation again mooted as rial debts tackled
Source: ch aviation Read more: IranAir privatisation again mooted as rial debts tackled
Citizen attempts to thwart privatisation of Pakistan's PIA
Source: ch aviation Read more: Citizen attempts to thwart privatisation of Pakistan's PIA
Garuda Indonesia runs $50mn partial bond repayment offer
Source: ch aviation Read more: Garuda Indonesia runs mn partial bond repayment offer