Air Vanuatu liquidation ends, control handed back to airline

Ernst & Young have stepped down as the liquidators of Air Vanuatu (NF, Port Vila) after court-imposed conditions were satisfied, according to an October 15, 2024, notice. This follows a creditor's vote in August to approve an entity called AV3 Limited buying the airline. AV3 is a special-purpose vehicle owned by Vanuatu's Ministry of Foreign [...]

By | October 16th, 2024|Financial|0 Comments

Boeing addresses cash crunch, plans future fundraising

Boeing (BOE, Washington National) has secured USD10 billion in credit from lenders and announced plans to issue up to USD25 billion in shares or debt over the next three years to address ongoing operational challenges exacerbated by recent labour disputes. In a regulatory filing on October 15, the plane maker announced a USD10 billion supplemental [...]

By | October 16th, 2024|Financial|0 Comments

Bahamas' Trans Island Airways disposes of only DHC-8-300

Source: ch aviation Read more: Bahamas' Trans Island Airways disposes of only DHC-8-300

By | October 16th, 2024|Financial|0 Comments

Liquidators seek to cancel WOW air creditors' payments

Source: ch aviation Read more: Liquidators seek to cancel WOW air creditors' payments

By | October 16th, 2024|Financial|0 Comments

Poland’s Enter Air sources damp-leased B737 capacity

Enter Air (E4, Warsaw Chopin) has damp-leased a B737-800 from subsidiary Fly4 Airlines (FFA, Dublin International) with EI-FFA (msn 38097) based out of Katowice Pyrzowice. The 189-seater began operating flights under Enter’s code on October 11, flying from Katowice to Marsa Alam, Palma de Mallorca, Antalya, Djerba, and Warsaw Chopin so far, ADS-B data show. [...]

By | October 16th, 2024|Financial|0 Comments

Airlines slash capacity to Hamburg over rising charges

Eurowings (EW, Düsseldorf) and Condor (DE, Frankfurt International) have joined Ryanair (FR, Dublin International) in drastically cutting capacity to Hamburg Helmut Schmidt in the 2025 summer, citing as reason "disproportionate increases in charges" resulting in significantly increased costs for the airlines. The two German carriers also joined Ryanair in calling on the German government to [...]

By | October 16th, 2024|Financial|0 Comments

Russia's Vityaz-Aero loses AOC, to lease fleet out

Source: ch aviation Read more: Russia's Vityaz-Aero loses AOC, to lease fleet out

By | October 16th, 2024|Financial|0 Comments

Thailand's Nok Air eyes capital raising in 2025

Nok Air (DD, Bangkok Don Mueang) aims to raise THB5 billion baht (USD150.5 million) next year ahead of a planned exit from its business rehabilitation in 2026. CEO Wutthiphum Jurangkool has told the Bangkok Business outlet that the money would be used to acquire new aircraft, improve liquidity, and pay down remaining debt. When the [...]

By | October 16th, 2024|Financial|0 Comments

Taiwan's Starlux share auction oversubscribed

Source: ch aviation Read more: Taiwan's Starlux share auction oversubscribed

By | October 16th, 2024|Financial|0 Comments

Campaign continues to keep Korea's Air Busan in the air

Source: ch aviation Read more: Campaign continues to keep Korea's Air Busan in the air

By | October 16th, 2024|Financial|0 Comments