Portugal’s TAP pitches lowball debt settlement offer to Azul
Source: ch aviation Read more: Portugal’s TAP pitches lowball debt settlement offer to Azul
French Polynesia's Air Moana maintains ops despite deadline
Source: ch aviation Read more: French Polynesia's Air Moana maintains ops despite deadline
LATAM refinances debt via $1.4bn secured notes issuance
LATAM Airlines Group has successfully issued USD1.4 billion worth of secured notes, maturing in 2030 at an annual interest rate of 7.875%. By refinancing its debt, LATAM will reduce its cost of debt while generating annual savings of approximately USD83 million in lower interest payments, the company said in a material fact filed to Chile’s [...]
Beleaguered Southwest C-levels buy up stock
Robert ‘Bob’ Jordan, Gary Kelly, and Rakesh Gangwal, respectively the chief executive officer (CEO), executive chairman, and board director member of Southwest Airlines (WN, Dallas Love Field), have bought over 3.7 million shares in the Texan budget carrier, SEC filings have shown. Rakesh Gangwal, who is also the co-founder and owner of India's IndiGo Airlines [...]
US's GlobalX eyes wet-lease capacity for Caribbean Sun ops
Source: ch aviation Read more: US's GlobalX eyes wet-lease capacity for Caribbean Sun ops
Netherlands' Zeusch Aviation to retake GIV in 1Q25
Zeusch Aviation (SUZ, Lelystad) is planning to re-register a GIV to its fleet and start its operations in the first quarter of 2025 once maintenance in the United States is done, Accountable Manager Marco Rietvelt told ch-aviation. N400ZU (msn 1009) was registered in the United States on September 5, 2024, and ferried from Basel/Mulhouse/Freiburg, CH [...]
Egypt's CIAF Leasing in talks to place E170s across Africa
Source: ch aviation Read more: Egypt's CIAF Leasing in talks to place E170s across Africa
Creditor accuses Air Vanuatu's liquidators of piracy
Source: ch aviation Read more: Creditor accuses Air Vanuatu's liquidators of piracy
Philippines' Cebu Pacific firms order for 70 A321neo
Cebu Pacific Air (5J, Manila Ninoy Aquino International) has finalised a Memorandum of Understanding (MOU) with Airbus (AIB, Toulouse Blagnac) covering seventy A321-200Ns with options and purchase rights for a further eighty-two A320neo Family aircraft. Deliveries are due to begin in 2029. Chief executive Mike Szucs told local media that the low-cost carrier is still [...]
Australia's Aero Corporate Charters adds first Falcon 900EX
Aero Corporate Charters has taken delivery of its first Dassault Aviation Falcon 900EX, ch-aviation research has revealed. VH-KCL (msn 67) is a 24.6-year-old jet that was previously operated privately in the United States. The aircraft performed a test flight around Fort Worth Meacham, as N312PV, on August 31, 2024, before being re-registered to its new [...]