South African Airways to need cash injection in the longterm

South African Airways (SA, Johannesburg O.R. Tambo) is debt-free and does not seek further government funding, but it is pursuing a loan facility due to low cash reserves following the failed ZAR3 billion rand (USD170.4 million) investment from the Takatso Aviation consortium, according to chairman Derek Hanekom. Briefing the Standing Committee on Public Accounts (SCOPA) [...]

By | October 24th, 2024|Financial|0 Comments

Australia's Pel-Air sold to Toll Holdings

An entity owned and controlled by Toll Holdings Limited will pay approximately AUD47.1 million dollars (USD31.3 million) to buy aeromedical and charter operator Pel-Air Aviation (PFY, Sydney Kingsford Smith). The sale, previously flagged by ch-aviation, was confirmed in an October 24, 2024, Australian Stock Exchange filing. Pel-Air is a sister carrier of Rex - Regional [...]

By | October 24th, 2024|Financial|0 Comments

Korea's Air Premia cuts capital raise plans

Source: ch aviation Read more: Korea's Air Premia cuts capital raise plans

By | October 24th, 2024|Financial|0 Comments

Australia's Nexus eyes more Q400s as business grows

Source: ch aviation Read more: Australia's Nexus eyes more Q400s as business grows

By | October 23rd, 2024|Financial|0 Comments

Argentina could lose FAA Category 1 status – government

Source: ch aviation Read more: Argentina could lose FAA Category 1 status - government

By | October 23rd, 2024|Financial|0 Comments

Brazil’s Azul agrees to partial debt negotiation with TAP

Source: ch aviation Read more: Brazil’s Azul agrees to partial debt negotiation with TAP

By | October 23rd, 2024|Financial|0 Comments

Surinam Airways cuts debt by $11mn amid restructuring effort

Source: ch aviation Read more: Surinam Airways cuts debt by mn amid restructuring effort

By | October 23rd, 2024|Financial|0 Comments

Frontier exploring new bid for Spirit Airlines – report

Frontier Airlines (F9, Denver International) is considering making a renewed bid for Spirit Airlines (NK, Fort Lauderdale International), according to the Wall Street Journal, which reports that new merger discussions are at an early stage and that a deal may not materialise. Citing "people familiar with the matter," the WSJ said that if a deal [...]

By | October 23rd, 2024|Financial|0 Comments

SKYhigh Dominicana begins B737-400(SF) ops

Source: ch aviation Read more: SKYhigh Dominicana begins B737-400(SF) ops

By | October 23rd, 2024|Financial|0 Comments

Norwegian investor Sundt AS continues share selloff

Source: ch aviation Read more: Norwegian investor Sundt AS continues share selloff

By | October 23rd, 2024|Financial|0 Comments