KLM Royal Dutch Airlines (KL, Amsterdam Schiphol) has postponed plans for its new head office and is critically reviewing its investments, cost-saving strategies, and new revenue opportunities as it looks to control rising costs which have resulted in an operating loss of EUR31 million euros (USD34.1 million) for the first half of 2024, despite higher [...]
Kenya's new cabinet secretary nominee for transport and roads, Davis Chirchir, has suggested the government increase its current 48.9% stake in Kenya Airways to 80%, given its KES600 billion shilling (USD4.6 billion) cumulative support to the airline since 2017. Chirchir appeared before the National Assembly's Committee on Appointments on August 1 during a four-day vetting [...]
Source: ch aviation Read more: Georgia’s MyWay Airlines eyes B767F, B747Fs
The managing director and promoter of SpiceJet (SG, Delhi International) will sell 10% of his stake in the carrier in a bid to raise around INR30 billion rupees (USD357 million) to help keep the airline afloat, according to The Economic Times. Singh, along with family members and entities associated with him, currently holds a 47.8 [...]
Source: ch aviation Read more: French banks file lawsuits against VietJet
Source: ch aviation Read more: Hyundai Glovis to invest ₩150bn in Korea's Air Incheon
SAS Group, the holding company of SAS Scandinavian Airlines (SK, Copenhagen Kastrup), delisted from the Scandinavian stock exchanges Nasdaq Stockholm, Nasdaq Copenhagen, and Oslo Børs on August 14 ahead of its expected emergence from restructuring at the end of the month. In a statement, the group marked August 13 as the last day of trading [...]
Source: ch aviation Read more: Italian PM blocks ITA Airways sponsorship deal - report
Canada Jetlines (AU, Toronto Pearson) has announced it is working to raise additional capital to continue operations following the resignation of four executives, including CEO Brigitte Goersch. In a statement on August 12, the airline confirmed the resignations of board members Ryan Goepel, Beth Horowitz, and Shawn Klerer, and Goersch as CEO. "The continuing operations [...]
The Irish liquidators of GTLK Europe, a former subsidiary of Russia's state-owned GTLK - State Transport Leasing, have placed another of its A319-100s up for sale. JY-AYC (msn 2762) is an 18.3-year-old aircraft which was last operated by Royal Jordanian, and earlier by East Star Airlines, Chengdu Airlines, and Germania. The aircraft has been parked [...]