The European Union General Court has overturned a European Commission decision to approve EUR321 million euros (USD344 million) in restructuring aid for German carrier Condor (DE, Frankfurt International). Irish budget carrier Ryanair (FR, Dublin International) had contested the EC's July 2021 decision to approve the state aid to Condor without initiating a formal investigation procedure. [...]
airBaltic (BT, Riga) has said it expects to bolster its liquidity and financial stability, facilitating investments in fleet expansion and modernisation, after pulling in EUR840 million euros (USD901 million) worth of orders for an issue of a steep 14.5%-yield junk bond priced at EUR340 million euros (USD364.7 million). The issue of the five-years-and-three-months senior secured [...]
Danish business jet charter operator JoinJet (JNJ, Billund) has added a brand new Bombardier Global 5500 to its fleet, with OY-VVO (msn 60119) ferrying from Montréal Trudeau to Billund on April 12, 2024. In addition to the Bombardier Business Aircraft, JoinJet's website indicates it operates a Challenger 650, three Hawker 4000s, two Hawker 800s, and [...]
Ernst & Young (EY) have confirmed they took control of Air Vanuatu (NF, Port Vila) on May 9, saying they will conduct fleet safety and maintenance checks before the resumption of normal operations. The state-owned airline has suspended flights until at least May 12 and replaced the board. The government called in the liquidators after [...]
Abra Group, the owner of avianca airlines (AV, Bogotá) and GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas), has agreed to acquire shares in Wamos Air (EB, Madrid Barajas) as part of a strategic investment in the Spanish ACMI/charter specialist. Adrian Neuhauser, chief executive officer of Abra Group, said the move will allow the holding [...]
Source: ch aviation Read more: Brazil’s Levu Air Cargo to dry-lease one A321F
United States-based snack food giant Mondelez Global has acquired a Bombardier Global 6000, with ch-aviation fleets data showing it acquired the almost 11-year-old 13-passenger business jet from Priester Aviation (PWA, Chicago Executive) in March 2024. US Federal Aviation Administration records show ownership is held by an entity called TVPX Aircraft Solutions Inc Trustee registered to [...]
Frontier Airlines (F9, Denver International) has asked the US Department of Transportation (DOT) to register the new trade name Frontera for use in certain of its air transportation operations. The DOT confirmed the brand name raised no similarity or other issues requiring resolution under Part 215 and approved it for use in Frontier’s operations starting [...]
Source: ch aviation Read more: Interjet, Aeromar, Mexicana, others owe airport 7mn
A New York court has sentenced a former employee and a supplier of JetBlue Airways to 20 and 40 months imprisonment, respectively, for defrauding the airline of about USD10 million by diverting millions of dollars from airline part contracts. Julien Levy and Keily Nunez were sentenced on May 3 at the US District Court for [...]