CDB distances itself from ex-LIAT aircraft sale

The Caribbean Development Bank (CDB) says it was not party to the sale agreement of the three aircraft formerly operated by the defunct LIAT 1974 Ltd, dba LIAT (Antigua and Barbuda), over which it holds mortgages. Its only role, it underlined, is to provide the necessary consent for the sale, which it has already done. [...]

By | July 3rd, 2024|Financial|0 Comments

S Africa's FlySafair to exit B737-400s, eyes all-800 fleet

Source: ch aviation Read more: S Africa's FlySafair to exit B737-400s, eyes all-800 fleet

By | July 3rd, 2024|Financial|0 Comments

Brussels approves Lufthansa's bid for ITA Airways

The European Commission has cleared Lufthansa Group's proposed EUR325 million euro (USD353 million) bid for a 41% stake in Italy's state-owned ITA Airways (AZ, Rome Fiumicino), subject to "full compliance with remedies" offered by the Lufthansa parent and the Italian Ministry of Economy and Finance (MEF). The decision follows an in-depth investigation of the proposed [...]

By | July 3rd, 2024|Financial|0 Comments

Royal Australian Air Force to add B737-8BBJs

The Royal Australian Air Force (ASY, Richmond, QL) is readying to take delivery of two B737-8(BBJ)s to replace its two B737-700(BBJ)s used to fly around senior politicians and assorted other dignitaries. The first replacement aircraft, A62-001 (msn 67959), operated a series of test flights around Dallas, Texas, for much of June before ferrying to Camp [...]

By | July 2nd, 2024|Financial|0 Comments

China's Colorful Guizhou Airlines leases three A320neo

Colorful Guizhou Airlines (GY, Guiyang) has signed a dry lease contract with CDB Aviation for three A320-200Ns. The first of the trio, B-32GZ (msn 11866), was delivered on June 14, 2024. The brand new aircraft, completed at Airbus's Tianjin site, entered commercial service on June 20, 2024, with its first flight from Guiyang to Hanzhong. [...]

By | July 2nd, 2024|Financial|0 Comments

Australia's Bonza to be liquidated

Creditors of Bonza (Sunshine Coast) have voted to liquidate the airline at a meeting in Sydney on July 2, 2024. This followed the release of a scathing report by the administrators, Hall Chadwick, last week, who suggested the low-cost carrier may have traded while insolvent and that creditors may walk away with nothing after Bonza [...]

By | July 2nd, 2024|Financial|0 Comments

Mexico’s AeroUnion ends A300-600F operations

Source: ch aviation Read more: Mexico’s AeroUnion ends A300-600F operations

By | July 2nd, 2024|Financial|0 Comments

US's Universal Hydrogen goes bust

The board of hydrogen-powered flight start-up Universal Hydrogen (Moses Lake) has decided to wind up the company after failing to raise further finance and/or sell the business. According to the Seattle Times, Chairman and CEO Mark Cousin wrote to shareholders on June 27 to inform them of the decision. Universal Hydrogen made headlines in March [...]

By | July 2nd, 2024|Financial|0 Comments

Alaska Airlines orders MAX 10, DOJ to charge Boeing – report

Alaska Airlines (AS, Seattle Tacoma International) has ordered an additional B737-10 after selling the B737-9 involved in the January 2024 mid-air door blowout back to Boeing. "We have entered into a purchase agreement with Boeing for aircraft N704AL (msn 67501). They have taken possession of it and the registration has been changed. It is no [...]

By | July 2nd, 2024|Financial|0 Comments

Argentina's Aerorutas to add Falcon 2000, eyes US charters

Aerorutas (San Fernando, AR) is planning to add its first Dassault Aviation business jet, specifically a Falcon 2000EX EASy II, to support its expansion into running ad-hoc cargo charters to the United States. The Argentinian business charter specialist disclosed the plan in a June 27 application for a Foreign Air Carrier Permit and exemption authority [...]

By | July 2nd, 2024|Financial|0 Comments