airBaltic (BT, Riga) has formally completed its announced capital reduction, an official filing revealed, a move that comes ahead of its long-awaited initial public offering (IPO). The majority Latvian state-owned carrier also announced that its executive board had agreed to slash its members' own salaries by almost half ahead of the listing. After the share [...]
This article is only available for Commercial Aviation News, Operator and Airport Data. subscribers.Find out more Source: ch aviation Read more: France's Amelia resumes scheduled operations
This article is only available for Commercial Aviation News, Operator and Airport Data. subscribers.Find out more Source: ch aviation Read more: Court rejects state liability over ACG Air Cargo Germany
This article is only available for Commercial Aviation News, Operator and Airport Data. subscribers.Find out more Source: ch aviation Read more: Canada sanctions two subsidiaries of Russia's Volga-Dnepr
The Sri Lankan government has proposed handing LKR20 billion rupees (USD67.5 million) to SriLankan Airlines (UL, Colombo International) to repay loans and make interest payments. President Anura Kumara Dissanayake outlined the plan while delivering his 2025 budget speech in Colombo on February 17. "The government would sign an agreement with those banks and set aside [...]
This article is only available for Commercial Aviation News, Operator and Airport Data. subscribers.Find out more Source: ch aviation Read more: China's Qingdao Airlines hunting for charter aircraft
Two South Korean state-owned banks that loaned KRW3.6 trillion won (USD2.5 billion) to Asiana Airlines (OZ, Seoul Incheon) over 2019 and 2020 are calling in the remaining debt, according to the Chosun Ilbo newspaper. The daily reports that KRW1.38 trillion (USD957 million) remains outstanding, and the Korea Development Bank and Export-Import Bank of Korea (KEXIM) [...]
Southwest Airlines (WN, Dallas Love Field) began operating “red-eye” flights from Las Vegas Harry Reid on February 13, the first time the carrier has scheduled 24-hour services. It operated its first overnight flights from there to Baltimore International and Orlando International, and since then from Los Angeles International to both Baltimore and Nashville International, and [...]
This article is only available for Commercial Aviation News, Operator and Airport Data. subscribers.Find out more Source: ch aviation Read more: US's Gridiron Air eyes int'l expansion with ETOPS
FlyExclusive (JRE, Kinston) has entered into a definitive agreement to acquire the aviation business of Jet.AI in an all-stock transaction, as the latter focuses solely on its AI solutions business. "This strategic business combination is a natural fit for FlyExclusive to acquire Jet.AI’s aviation business, as both companies operate planes from Textron Aviation and Honda [...]