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Ireland's Aer Lingus to cut staff amid waning profitability

Aer Lingus (EI, Dublin International) is reducing staff numbers due to problems caused by a planned passenger cap at Dublin International and low profitability, reports the Irish Independent newspaper, citing an internal video message to employees from CEO Lynne Embleton. An "informed source" told the paper that there are no plans for a "broad-based redundancy [...]

By | October 29th, 2024|Financial|0 Comments

Malta's Universal Air moots second AOC, biz charter ops

Source: ch aviation Read more: Malta's Universal Air moots second AOC, biz charter ops

By | October 29th, 2024|Financial|0 Comments

Cambodia Airways revises IPO target to $50mn

Source: ch aviation Read more: Cambodia Airways revises IPO target to mn

By | October 29th, 2024|Financial|0 Comments

New owners of Korea's Parata Air convert debt into equity

Source: ch aviation Read more: New owners of Korea's Parata Air convert debt into equity

By | October 29th, 2024|Financial|0 Comments

Mongolia's Eznis Airways ends longhaul, widebody ops

Source: ch aviation Read more: Mongolia's Eznis Airways ends longhaul, widebody ops

By | October 28th, 2024|Financial|0 Comments

US's Spirit Airlines sells 23 aircraft to GA Telesis

Spirit Airlines (NK, Fort Lauderdale International) has entered into a binding term sheet with GA Telesis to sell twenty-three A320 and A321 types, according to an October 24 Securities Exchange Commission filing. The lessor will pay around USD519 million for the aircraft, which will be handed over by the end of February 2025. GA Telesis [...]

By | October 28th, 2024|Financial|0 Comments

Brazil’s Azul finalises restructuring, eyes state aid

Source: ch aviation Read more: Brazil’s Azul finalises restructuring, eyes state aid

By | October 28th, 2024|Financial|0 Comments

LATAM Airlines Group orders 10+5 B787-9s

LATAM Airlines Group has ordered ten B787-9s from Boeing (BOE, Washington National) with options for five more. “This order will enable us to receive at least two aircraft of this model each year from 2025 until the end of the decade,” said Ramiro Alfonsín, Chief Financial Officer of the LATAM Airlines Group. It will potentially [...]

By | October 28th, 2024|Financial|0 Comments

US's Ace Transport Service adds its first business jet

Ace Transport Service has expanded its Part 135-certified fleet with its first business jet, a Hawker (850XP), after having exclusively operated turboprops, ch-aviation research shows. A 20.5-year-old Hawker Beechcraft that was privately operated in the US and registered there throughout its entire life, N159FM (msn 258651) is the first jet in the Wilmington-based operator's charter [...]

By | October 28th, 2024|Financial|0 Comments

US's Air Associates adds first Learjet 60XR, retires CJ2

Air Associates has added its first Learjet 60XR and retired its only Citation Jet 2 from its Part 135-certified fleet, according to ch-aviation research. Learjet 60XR N372SC (msn 60-373) was previously operated privately and has been US-registered throughout its lifespan. At 15.3 years old, ADS-B data indicates it has been actively flying across the country, [...]

By | October 28th, 2024|Financial|0 Comments