Latvia’s government plans to retain just 25% of its stake in airBaltic (BT, Riga), plus one share, after it puts the company up for a long-awaited initial public offering (IPO) later this year, local media reported citing a government announcement. "We will ensure that the airline's main base remains at Riga Airport and that the [...]
Source: ch aviation Read more: Air Europa wet-leases in additional A330-900N capacity
A "wholly-owned subsidiary" of ITA Airways (AZ, Rome Fiumicino) has achieved USD240 million in private credit financing from AIP Capital, a loan that is secured by three new A330-900N aircraft with Rolls-Royce Trent 7000 engines, the airline announced. In a statement on August 29, ITA Airways chairman Antonino Turicchi labelled the deal as another step [...]
Norse Atlantic Airways (N0, Oslo Gardermoen) has announced it is revising its business strategy by allocating at least half of its fleet capacity to ACMIs and charter services from the fourth quarter and throughout the IATA winter season. In a statement announcing its second quarter results for 2024, the Norwegian airline said the third quarter [...]
Source: ch aviation Read more: Gabon regime acquires new presidential jets - report
Source: ch aviation Read more: FlyGabon debuts ops on domestic routes
Lufthansa Group has declined to comment on reports that it is seeking to acquire a 19.9% stake valued between EUR180 million and EUR200 million euros (USD199-221 million) in TAP Air Portugal (TP, Lisbon) as part of the Portuguese flag carrier's privatisation process. "We do not comment on these media reports," a Lufthansa Group spokesman informed [...]
Source: ch aviation Read more: Mexico’s mas to grow A330-300(P2F) fleet
Líder Táxi Aéreo has inducted its first G450 onto its Air Operator's Certificate (AOC), although the aircraft is operated privately for the owner. It is also its first operated Gulfstream Aerospace jet. PS-BDH (msn 4204) was registered in Brazil on July 5, 2024, and is certified to carry up to 16 persons but is not [...]
Abra Group has entered into a commitment letter with investment firm Castlelake to raise USD1.3 billion in funds to avoid the risk of default on the holding's bonds due to GOL Linhas Aéreas Inteligentes’s ongoing US Chapter 11 bankruptcy process. The financing will be used to refinance Abra's senior secured notes in full, the group [...]