Former Wizz Air exec fined over failure to disclose trades

A former executive at Wizz Air (W6, Budapest) has been fined by the United Kingdom’s Financial Conduct Authority (FCA) for failing to disclose trades in company shares during a restricted period before the airline filed financial statements in 2019 and 2020, the regulator said in a press release. András Sebők, who worked at Wizz Air [...]

By | December 2nd, 2024|Financial|0 Comments

Jet Aviation adds group's first Falcon 6X under German unit

Jet Aviation Business Jets Deutschland (JBD, Cologne/Bonn) has taken delivery of its first Falcon 6X, according to ch-aviation research. The brand new Dassault Aviation aircraft is the first of its type operated by the Jet Aviation group and joins a Falcon 2000LX in the German-registered fleet. D-ABEI (msn 14) entered service on November 13, operating [...]

By | December 2nd, 2024|Financial|0 Comments

UAE's ExecuJet Middle East adds first local Global 7500

ExecuJet Middle East (EJO, Dubai World Central) has added its first UAE-registered Global 7500, according to ch-aviation research. A6-MAH (msn 70083) is a 3.8-year-old ultra-long-range jet that joins two other Global 7500s managed by the company, one registered in the Isle of Man and the other in San Marino. Originally delivered in late 2021 to [...]

By | December 2nd, 2024|Financial|0 Comments

Israel’s El Al secures $120mn loan for incoming B787

Source: ch aviation Read more: Israel’s El Al secures 0mn loan for incoming B787

By | December 2nd, 2024|Financial|0 Comments

EU approves "remedy takers" for Lufthansa-ITA takeover

The European Commission has approved easyJet, IAG International Airlines Group, and Air France-KLM as the beneficiaries of a package of routes and slots surrendered by ITA Airways and Lufthansa Group, clearing the final formal obstacle to the German group's partial acquisition of the Italian flag carrier. Inside sources told the Corriere della Sera daily that [...]

By | December 2nd, 2024|Financial|0 Comments

New liquidator proposed for India's Go First Airlines

The Delhi bench of the National Company Law Tribunal (NCLT), which adjudicates issues relating to Indian companies, has been asked to appoint Dinkar Venkatasubramanian as the liquidator of Go First (Mumbai International), according to the Economic Times newspaper. Counsel for the resolution professional, the local equivalent of an insolvency administrator, requested in a November 28 [...]

By | December 2nd, 2024|Financial|0 Comments

India's CAA issues show-cause notice to Akasa Air

India's Directorate General of Civil Aviation (DGCA) has issued a show-cause notice to Akasa Air (QP, Mumbai International) after it failed to provide corrective training to a pilot involved in a hard landing incident in March, the Economic Times reported. “The incident was closed with a counselling session only without any corrective training being imparted [...]

By | December 2nd, 2024|Financial|0 Comments

Court appoints liquidator for India's Jet Airways

India's specialist bankruptcy court, the National Company Law Tribunal (NCLT), has appointed a liquidator to Jet Airways (Mumbai International), with its Mumbai bench giving Satish Kumar Gupta the role during a November 26 hearing. Gupta is a senior partner at Jaipur-based Gupta Garg & Company. The order said Gupta should "endeavour to sell the company [...]

By | December 2nd, 2024|Financial|0 Comments

Australia's Aerlink resumes ATR42 ops

Charter and cargo specialist Aerlink (Brisbane International) has reintroduced the ATR42-500 type to its fleet, entering an ex-Hevilift (PNG) aircraft onto the Australian register as VH-FVN (msn 501). It is the only ATR42 Family unit at the all-ATR - Avions de Transport Régional operator, which otherwise operates two ATR72-200(F)s and six ATR72-500s. ADS-B flight tracking [...]

By | December 2nd, 2024|Financial|0 Comments

Qatar-Virgin Australia alliance obtains interim ACCC nod

The Australian Competition and Consumer Commission (ACCC) has granted interim authorisation allowing Virgin Australia (VA, Brisbane International) and Qatar Airways (QR, Doha Hamad International) to start marketing and selling an additional 28 weekly scheduled return flights between Doha and Brisbane, Melbourne Tullamarine, Perth International, and Sydney Kingsford Smith over and above what Qatar Airways already [...]

By | December 2nd, 2024|Financial|0 Comments