The Jalan Kalrock consortium (JKC), would-be owner of Jet Airways (JAI, Mumbai International), has withdrawn an appeal to India's National Company Law Appellate Tribunal (NCLAT) seeking permission to transfer INR2 billion rupees (USD24 million) it had deposited with the defunct carrier's lenders to an interest-bearing account. Counsel for the consortium pulled the appeal on May [...]
The liquidator of Air Vanuatu (NF, Port Vila) has said it will cut 170 jobs at the grounded carrier to right-size the airline’s cost base and prepare the business for sale or recapitalisation. “The restructuring at Air Vanuatu today is an unfortunate but necessary step to give the business the opportunity to bring on board [...]
Source: ch aviation Read more: NASA's B777 ferries to paintshop ahead of entry into service
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Source: ch aviation Read more: Royal Air Maroc adds wet-leased A320 capacity
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Gama Aviation (GMA, Farnborough) has confirmed it is in discussions to acquire Austrian aircraft management and charter operator Tyrolean Jet Service (TJS, Innsbruck). Gama confirmed the talks in a May 24 filing with the London Stock Exchange, saying it was aware of "industry market speculation." Gama's "interest in Tyrolean Jet Service is consistent with the [...]
Source: ch aviation Read more: Sudan's Tarco Aviation, central bank deny account freeze
Source: ch aviation Read more: Angola's TAAG preparing to induct first A220, B787 - CCO