South Korea's Jeju Air to focus on fleet renewal – report
Source: ch aviation Read more: South Korea's Jeju Air to focus on fleet renewal - report
Bonza's insolvency quagmire deepens as murky details surface
The administrators of insolvent Australian LCC Bonza (AB, Sunshine Coast) will hold the first creditor's meeting in Sydney on May 10, as details start to emerge of the airline's rocky state of affairs in the lead-up to its April 30 collapse. Administrator Hall Chadwick will hold the initial meeting to update the as yet unknown [...]
Qantas settles with ACCC, to pay $100mn penalty
Qantas (QF, Sydney Kingsford Smith) has sidestepped a messy courtroom showdown and agreed to pay around 86,000 customers remediation amounts ranging between AUD225 and AUD450 Australian dollars (USD149-298) plus a AUD100 million (USD66 million) penalty for selling tickets on flights it had already cancelled but not disclosed, or was preparing to cancel. It reached the [...]
US's National Airlines looks for B747s, mulls alternatives
National Airlines (N8, Orlando Sanford) is looking to source additional factory-built, nose-loading B747-400 freighters but is also evaluating alternatives due to the quadjet's scarcity, the cargo specialist's VP strategy and revenue optimisation, Nihal Wickrema, has told The Loadstar. "We want to add more factory-built freighters in the coming months. Unfortunately, there is limited availability of [...]
US's NetJets confirmed as buyer of 12+232 Challenger 3500s
Canadian aircraft manufacturer Bombardier Aerospace has named NetJets Aviation (EJA, Columbus John Glenn, OH) as the buyer behind a December 2023 order for twelve Challenger 3500s plus options for a further 232. Bombardier said the order "reaffirms the strong ties between the companies and underscores the continued supremacy" of the Challenger 3500 in the super [...]
Canada's Flair Airlines sees 777 Partners cut stake
Flair Airlines (F8, Kelowna) has announced that its long-time backer and investor 777 Partners has cut its stake in the business, saying that an unnamed "affiliate of Flair's largest senior lender" had acquired part of 777's shareholding in the carrier while also "providing new non-binding debt funding". It did not disclose the size of the [...]
Ecuador’s Cuencana Airlines launches air taxi ops
Source: ch aviation Read more: Ecuador’s Cuencana Airlines launches air taxi ops
American Airlines cuts 2024 delivery forecast by 24%
American Airlines (AA, Dallas/Fort Worth) now expects to take delivery of 22 new mainline aircraft down from its previous estimate of 29, Devon E May, the company’s chief financial officer, revealed during a first-quarter investors call. Anticipated deliveries for the year now include sixteen B737-8s, three B787-9s, and three A321-200NX whereas previous guidance had also [...]
LATAM scraps plan to take up GOL B737s
LATAM Airlines Group has determined that the likelihood of entering into transactions with GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) to acquire any outstanding B737 leases is remote, following the Brazilian carrier’s “lack of meaningful engagement in entering into commercial discussions,” the group said in a filing to the United States Bankruptcy Court of [...]
Aerolíneas Argentinas' privatisation bill passes House
Source: ch aviation Read more: Aerolíneas Argentinas' privatisation bill passes House