Thai Airways looks to raise ฿44bn in share rights offering

Thai Airways International (TG, Bangkok Suvarnabhumi) is aiming to raise up to THB44 billion baht (USD1.27 billion) from a share rights offering as it prepares to wrap-up a court-supervised business rehabilitation process and relist on the Stock Exchange of Thailand (SET). In a November 26 SET filing, Thai said the asking price for the 9.82 [...]

By | November 29th, 2024|Financial|0 Comments

Air Zimbabwe retires Falcon 7X used as presidential jet

Air Zimbabwe (UM, Harare International) has retired its only Falcon 7X, according to ch-aviation research. The aircraft, which served as Zimbabwe's presidential jet while operated by the national carrier, is the first of its type to join Axis Aviation San Marino. Z-AZM (msn 299) made its final flight under Zimbabwean registration on July 11, 2024, [...]

By | November 28th, 2024|Financial|0 Comments

France's SD Aviation adds Phenom 300E, awaits AOC approval

SD Aviation (La Roche-sur-Yon) has added its first Phenom 300E, CEO Sébastien Dubreuil confirmed to ch-aviation. The company has now completed all steps necessary to secure its French Air Operator’s Certificate (AOC) and is awaiting final documentation. F-HRDG (msn 50500644), a three-year-old Embraer Executive Jets aircraft, was managed by Air Midi Centre throughout its entire [...]

By | November 28th, 2024|Financial|0 Comments

Spirit Airlines authorised to sell five A320s to GA Telesis

Judge Sean H Lane of the US Bankruptcy Court for the Southern District of New York has authorised Spirit Airlines (NK, Fort Lauderdale International) to follow through with its plan to sell surplus A320-200s and A321-200s to GA Telesis, although the interim order covers only five aircraft. The carrier will have to seek separate authorisation [...]

By | November 28th, 2024|Financial|0 Comments

Kenya's Astral Aviation takes delivery of first B737F

Source: ch aviation Read more: Kenya's Astral Aviation takes delivery of first B737F

By | November 28th, 2024|Financial|0 Comments

Nigeria's Ibom Air mulls more purchases to fill A220 gap

Source: ch aviation Read more: Nigeria's Ibom Air mulls more purchases to fill A220 gap

By | November 28th, 2024|Financial|0 Comments

Montenegro Airlines administrator puts Fokker 100 on sale

Source: ch aviation Read more: Montenegro Airlines administrator puts Fokker 100 on sale

By | November 28th, 2024|Financial|0 Comments

Tanzania's Precision pauses expansion to focus on stability

Precision Air (PW, Dar es Salaam) is prioritising the revival of its fleet to stabilise its business after the impacts of Covid-19, global supply chain disruptions, engine part shortages, and rising operational costs. The airline is taking a cautious, step-by-step approach to mitigate financial risks. Once stability is achieved, it will proceed with its planned [...]

By | November 28th, 2024|Financial|0 Comments

Jordanian start-up Fly Aqaba halted

Source: ch aviation Read more: Jordanian start-up Fly Aqaba halted

By | November 28th, 2024|Financial|0 Comments

Israeli tech firms plan Tel Aviv-Newark route with B777

An informal grouping of Israeli tech entrepreneurs, DemocraTech, has announced it will launch flights 3x weekly between Tel Aviv Ben Gurion and New York Newark in cooperation with a European carrier, the Israeli financial daily Globes reported. Marketing the initiative for now under the name TechAir, the group published a Google Docs sheet indicating that [...]

By | November 28th, 2024|Financial|0 Comments