Mozambique probes Fly Modern Ark’s LAM appointment
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data. Source: ch aviation Read more: Mozambique probes Fly Modern Ark’s LAM appointment
Investment fund hits roadblock converting SpiceJet warrants
India's Securities and Exchange Board (SEBI) has vetoed a move by the Mauritius-registered Elara India Opportunities Fund to convert SpiceJet (SG, Delhi International) warrants into equity shares because the fund has failed to comply with beneficial ownership norms, according to the Moneycontrol digital newspaper. The fund wants to convert INR4.16 billion rupees (USD48.7 million) worth [...]
Bangladesh opens Sylhet, Chittagong for int'l cargo
The Civil Aviation Authority of Bangladesh (CAAB) will authorise international cargo flights from Chittagong and Sylhet to address capacity shortages created in the wake of an Indian ban on transhipments, The Daily Star has reported. "We are opening Sylhet for cargo operations on April 27, and Chattogram [Chittagong] will follow shortly," CAAB chairman Monjur Kabir [...]
Capital A seeks approval for $1.36bn equity write-down
Malaysia's Capital A will ask shareholders to approve a capital reduction of up to MYR6 billion ringgit (USD1.36 billion), allowing the company to offset its accumulated losses and shore up its balance sheet. Capital A, which ultimately controls AirAsia (AK, Kuala Lumpur International) and AirAsia X, and holds stakes in their various AirAsia-branded sibling carriers, [...]
South Korea's K-Aviation renews US permit push
K-Aviation (KAA) has updated its 2023 application for a United States Foreign Air Carrier Permit, asking the US Department of Transportation to "expeditiously" issue a conditional authority to begin operations with two business jets, both currently operated by parent Korean Air. The operator reiterated that it found itself in a regulatory catch-22. As it stands, [...]
Parent of Argentina’s Flybondi agrees merger, Nasdaq listing
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data. Source: ch aviation Read more: Parent of Argentina’s Flybondi agrees merger, Nasdaq listing
Mexico’s Volaris cuts all US-bound routes from Monterrey
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data. Source: ch aviation Read more: Mexico’s Volaris cuts all US-bound routes from Monterrey
Brazil’s GOL delays $1.9bn financing deadline due to tariffs
GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) has extended the deadline for submission of binding bids to participate in the company’s USD1.9 billion exit debt financing due to the “substantial disruptions to capital markets globally as a result of President Trump’s announced tariffs.” The deadline was postponed from April 19 to May 15, a [...]
South Africa's FedAir resumes lodge services
Federal Airlines (South Africa) (7V, Johannesburg O.R. Tambo) has resumed services on 71% of its Safari Shuttle network with seven airfields still awaiting regulatory approval from the South African Civil Aviation Authority (SACAA), a spokeswoman for the airline confirmed to ch-aviation. Commonly known as FedAir, the airline had suspended flights to all unlicensed game lodge [...]
Former Lufthansa and Malaysia Airlines A380s to be scrapped
Three A380-800s formerly operated by Lufthansa and Malaysia Airlines will be scrapped for parts by VAS Aero Services. The company announced it will dismantle D-AIME (msn 61), D-AIMF (msn 66), and EI-HKC (ex 9M-MNC, msn 84), all currently owned by Airbus Financial Services. The harvested components are set to be sold in the secondary parts [...]