Moldova's Pecotox-Air takes delivery of first B747F

Source: ch aviation Read more: Moldova's Pecotox-Air takes delivery of first B747F

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

Air Serbia inducts first E195 into service

Source: ch aviation Read more: Air Serbia inducts first E195 into service

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

Parts trading is key to DAT’s ATR-based business model – CEO

Source: ch aviation Read more: Parts trading is key to DAT’s ATR-based business model - CEO

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

Lisbon approves TAP share capital reduction

The Portuguese government, through the state-owned assets oversight board (Direção Geral do Tesouro e Finanças - DGTF), has approved a reduction in the share capital of TAP Air Portugal (TP, Lisbon) by two-thirds from its current EUR980 million euros (USD1.05 billion) to EUR313.6 million (USD337.8 million) to absorb losses and restructure its financial obligations. The [...]

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

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