Daemyung Sono Group buys stake in Korea's Air Premia
Source: ch aviation Read more: Daemyung Sono Group buys stake in Korea's Air Premia
Air Vanuatu liquidation ends, control handed back to airline
Ernst & Young have stepped down as the liquidators of Air Vanuatu (NF, Port Vila) after court-imposed conditions were satisfied, according to an October 15, 2024, notice. This follows a creditor's vote in August to approve an entity called AV3 Limited buying the airline. AV3 is a special-purpose vehicle owned by Vanuatu's Ministry of Foreign [...]
Boeing addresses cash crunch, plans future fundraising
Boeing (BOE, Washington National) has secured USD10 billion in credit from lenders and announced plans to issue up to USD25 billion in shares or debt over the next three years to address ongoing operational challenges exacerbated by recent labour disputes. In a regulatory filing on October 15, the plane maker announced a USD10 billion supplemental [...]
Bahamas' Trans Island Airways disposes of only DHC-8-300
Source: ch aviation Read more: Bahamas' Trans Island Airways disposes of only DHC-8-300
Liquidators seek to cancel WOW air creditors' payments
Source: ch aviation Read more: Liquidators seek to cancel WOW air creditors' payments
Poland’s Enter Air sources damp-leased B737 capacity
Enter Air (E4, Warsaw Chopin) has damp-leased a B737-800 from subsidiary Fly4 Airlines (FFA, Dublin International) with EI-FFA (msn 38097) based out of Katowice Pyrzowice. The 189-seater began operating flights under Enter’s code on October 11, flying from Katowice to Marsa Alam, Palma de Mallorca, Antalya, Djerba, and Warsaw Chopin so far, ADS-B data show. [...]
Airlines slash capacity to Hamburg over rising charges
Eurowings (EW, Düsseldorf) and Condor (DE, Frankfurt International) have joined Ryanair (FR, Dublin International) in drastically cutting capacity to Hamburg Helmut Schmidt in the 2025 summer, citing as reason "disproportionate increases in charges" resulting in significantly increased costs for the airlines. The two German carriers also joined Ryanair in calling on the German government to [...]
Russia's Vityaz-Aero loses AOC, to lease fleet out
Source: ch aviation Read more: Russia's Vityaz-Aero loses AOC, to lease fleet out
Thailand's Nok Air eyes capital raising in 2025
Nok Air (DD, Bangkok Don Mueang) aims to raise THB5 billion baht (USD150.5 million) next year ahead of a planned exit from its business rehabilitation in 2026. CEO Wutthiphum Jurangkool has told the Bangkok Business outlet that the money would be used to acquire new aircraft, improve liquidity, and pay down remaining debt. When the [...]
Taiwan's Starlux share auction oversubscribed
Source: ch aviation Read more: Taiwan's Starlux share auction oversubscribed