The US Department of Commerce's Bureau of Industry and Security (BIS) has fined Turkish business charter firm Air Sapphire USD285,000 for arranging at least two charter flights into Russia without the required export licence. The Turkish firm acquired a US-made Gulfstream GIV-SP, TC-GLF (msn 1481), in October 2023. It then operated at least two charter [...]
Belarus and Russia are in negotiations over introducing flat fares on flights between the two countries, just like those that already exist within Russia, Interfax reported, citing Dmitry Krutoy, Belarussian ambassador to Russia. The diplomat stated that the idea was outlined at a meeting of the High-Level Group of the Council of Ministers of the [...]
As part of the coordinated ramp-up in sanctions against Russia announced by various governments during the recent G7 Summit, Canada has now designated low-cost carrier Pobeda (DP, Moscow Sheremetyevo) while the United Kingdom has sanctioned Volga-Dnepr Group. Ottawa did not provide detailed reasons for including the Aeroflot Group budget airline on its sanctions list but [...]
Top management members at Habib Group, the parent company of defunct Regent Airways’ parent HG Aviation, have been ordered by a court in Bangladesh to repay loans to two banks worth BDT3.5 billion (USD29.8 million), the Daily Star reported. The loans must be paid within two months to One Bank, which is owed BDT2.1 billion [...]
Asia United Business Aviation (Shenzhen) has retired its only Dassault Aviation aircraft, namely a Falcon 7X, ch-aviation research has revealed. T7-1111 (msn 45), a 14.3-year-old trijet, was transferred to Luxaviation San Marino and began flying for the new operator on May 30, 2024, with the first flight being from Singapore Seletar to Penang. Asia United [...]
Ten days after a deadline to submit expressions of interest (EOI) to invest in the insolvent and grounded state-owned carrier Air Vanuatu (NF, Port Vila) expired, the administrator Ernst and Young has still not commented on the success or otherwise of the sales campaign. Ahead of the June 7, 2024, deadline, Ernst and Young placed [...]
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Nok Air (DD, Bangkok Don Mueang) announced that it received approval from its administration to obtain a new line of credit worth THB2 billion baht (USD54.4 million) from major shareholder Hatairat Jurangkool. According to a Stock Exchange of Thailand (SET) filing, the loan is granted at a 7% interest rate, with total interest due of [...]