China's Shenzhen Airlines to sell A319s
Source: ch aviation Read more: China's Shenzhen Airlines to sell A319s
Blackrock cuts stake in Brazil’s Azul
US investment fund Blackrock Investment Management has sold a portion of its preferential shares and American Depositary Receipts (ADRs) in Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos), reducing its stake in the Brazilian airline from 5.061% to 4.716%, Reuters reported. The divestment follows reports that alleged Azul was in discussions with shareholders to optimise [...]
Aerolíneas Argentinas furloughs 13% of staff – gov't
Source: ch aviation Read more: Aerolíneas Argentinas furloughs 13% of staff - gov't
Elliott able to call Southwest Airlines shareholders meeting
Elliott Investment Management has now acquired more than 10% of Southwest Airlines (WN, Dallas Love Field) common stock, according to a September 3, 2024, filing with the US Securities Exchange Commission. According to Southwest's bylaws, passing that threshold gives a shareholder the right to call a special meeting of shareholders. Frequently tagged as an activist [...]
Air Sénégal settles debt with lessor – reports
Source: ch aviation Read more: Air Sénégal settles debt with lessor - reports
Air Botswana denies misconduct claims in E175 purchase
Air Botswana (BP, Gaborone) has dismissed what it called "false and irresponsible reporting" about its ongoing aircraft re-fleeting after the Botswana Guardian newspaper, on September 6, claimed the state-owned carrier had been duped by a third-party broker to pay BWP300 million pula (USD22.5 million) for an unairworthy aircraft that remained grounded, and that the country's [...]
Lithuania’s DAT seeks US charter permit
DAT (R6, Kaunas International) has applied for exemption authority and a foreign air carrier permit to conduct charter flights to and from the United States, according to a regulatory filing lodged with the US Department of Transportation (DOT). The Lithuanian carrier, legal name UAB DAT LT, is a subsidiary of DAT (Denmark) (DX, Kolding). In [...]
Denmark's Airseven transitions to an all B737NG fleet
Source: ch aviation Read more: Denmark's Airseven transitions to an all B737NG fleet
Top EU court adviser urges rejection of cartel appeal
An adviser to Europe's highest court has recommended that it reject 13 appeals from airlines challenging air freight cartel fines imposed by the European Commission in 2017. In his non-binding opinion on September 5, Advocate General Athanasios Rantos mostly sided with the EU antitrust watchdog when he proposed that the Court of Justice of the [...]
Air Belgium's future uncertain as takeover bid falls short
Air Belgium's future remains uncertain despite an eleventh-hour non-binding takeover bid from private investors that still falls short of the EUR18 million euros (USD19.9 million) required for the airline's reorganisation plan to succeed. Belgian business newspaper L'Echo reports that the unidentified bidders propose to buy 75% of the airline for EUR6 million (USD6.6 million), subject [...]