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Saudi Arabia mulling new cargo airline – report

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is exploring the establishment of a new cargo airline to position the kingdom as a major global logistics hub competing with the likes of Dubai International and Doha Hamad International, Bloomberg reported citing unnamed sources familiar with the matter. The planned cargo operation would support [...]

By | August 22nd, 2024|Financial|0 Comments

India's Alhind Air eyes start by YE24 with three ATR72s

Indian start-up Alhind Air has secured a no-objection certificate from the Directorate General of Civil Aviation (DGCA), an important step towards obtaining its air operator's certificate (AOC). It is now in the process of completing the requirements to get its AOC. Backed by tour operator Alhind Tours & Travels Pvt. Ltd, part of Alhind Group, [...]

By | August 22nd, 2024|Financial|0 Comments

Malaysia to tighten foreign aircraft general aviation rules

Malaysia's transport minister, Anthony Loke, says the country must tighten the rules around the operation of foreign aircraft in the wake of a US-registered business jet crash in Elmina, Selangor state, in August 2023 that killed ten people. "There is a need to strengthen the regulations over the operations of foreign aircraft here," he told [...]

By | August 22nd, 2024|Financial|0 Comments

China's Spring Airlines completes share buyback scheme

Source: ch aviation Read more: China's Spring Airlines completes share buyback scheme

By | August 22nd, 2024|Financial|0 Comments

TAG Aviation exits Gulfstream aircraft from its Maltese AOC

TAG Aviation (Malta) (TEU, Malta International) has retired its last Gulfstream Aerospace aircraft, a G650ER, transferring the aircraft to Avcon Jet Malta, ch-aviation research has revealed. 9H-MFC (msn 6534) was last active flying under TAG Aviation's Maltese AOC on July 27, 2024, flying from Nice to Istanbul Airport and return. It began operating for Avcon [...]

By | August 21st, 2024|Financial|0 Comments

Tax office may go after private assets of FlyBosnia owner

Source: ch aviation Read more: Tax office may go after private assets of FlyBosnia owner

By | August 21st, 2024|Financial|0 Comments

Another Nigerian state eyes its own aircraft – reports

The Bayelsa state government in southern Nigeria reportedly plans to spend NGN25 billion naira (USD15.9 million) to buy an undisclosed aircraft to boost traffic at the new Bayelsa International Airport, which was commissioned for commercial traffic in 2020, according to the newspapers Punch and the Niger Delta Herald. While no official statement has been made [...]

By | August 21st, 2024|Financial|0 Comments

Lithuania's GetJet to boost revenue in "vertical expansion"

Passenger charter operator GetJet Airlines (GW, Vilnius) will focus on the "vertical expansion" of its services over the remainder of 2024 and throughout 2025, with the aim of generating annual revenues of EUR1 billion euros (USD1.1 billion) by the end of the decade. "We plan to extend GetJet’s aircraft maintenance services," Group CEO GetJet Aviation [...]

By | August 21st, 2024|Financial|0 Comments

Kenya’s Fanjet Express adds first freighter

Source: ch aviation Read more: Kenya’s Fanjet Express adds first freighter

By | August 21st, 2024|Financial|0 Comments

Zanzibar reveals plans for own aircraft, airport upgrades

The government of Zanzibar plans to buy an aircraft while prioritising airport infrastructure improvements, according to Khalid Mohamed Salum, minister of transport of the semi-autonomous region in Tanzania. Salum said the Zanzibar government was focusing on improving the infrastructure at Zanzibar and Pemba Wawi airports. According to the region's five-year development plan, seen by ch-aviation, [...]

By | August 21st, 2024|Financial|0 Comments