Iceland's Supreme Court upholds ruling against Isavia
Source: ch aviation Read more: Iceland's Supreme Court upholds ruling against Isavia
Air Serbia adds wet-leased A320 capacity
Source: ch aviation Read more: Air Serbia adds wet-leased A320 capacity
RO Congo's ECAIR recertifies, gears up for relaunch
Source: ch aviation Read more: RO Congo's ECAIR recertifies, gears up for relaunch
Air Vanuatu pauses ops as lessor files insolvency petition
Air Vanuatu (NF, Port Vila) has grounded its aircraft, cancelled flights, and axed its board after it asked Ernst & Young to advise on whether it should file for voluntary administration. The chairman of the now defunct board, Alain Lew, told Port Vila's Daily Post that the government approached the administrators on May 6. Several [...]
Brussels delays review deadline for new Lufthansa-ITA offer
The European Commission has postponed until July 4 the deadline by which it will review a "significantly improved offer of concessions" Lufthansa Group submitted on May 6 to quell Brussels' antitrust concerns about its bid for a 41% stake in Italy's state-owned ITA Airways (AZ, Rome Fiumicino). This was confirmed to ch-aviation by a Lufthansa [...]
Korean Air office manager sentenced for fraud in Guam
A Guam court has sentenced a former Korean Air (KE, Seoul Incheon) office manager to 41 months imprisonment for bank fraud and money laundering offences. Sung Peel Hwang, also known as Don Sung Peel Hwang, was sentenced at the US District Court of Guam on May 7 for diverting funds to his personal accounts. The [...]
King criticises secrecy surrounding Tonga's Lulutai Airlines
Tonga's King Tupou VI has criticised his government's lack of transparency surrounding Lulutai Airlines (L8, Tongatapu) in a May 2 speech to mark the closing of the 2023-24 parliamentary session. The speech follows the Polynesian nation's auditor general recently calling out the government for failing to provide the required share certificates proving ownership, which he [...]
Kenya Airways resumes DRC flights after employees released
Kenya Airways (KQ, Nairobi Jomo Kenyatta) announced it would resume flights to Kinshasa N'Djili on May 8 after military intelligence in the Democratic Republic of Congo (DRC) released two of its employees who had been detained for a couple of weeks, ostensibly over missing customs documents. "Kenya Airways confirms that military authorities have unconditionally released [...]
Colombian amphibious start-up ALMA Air eyes 4Q24 launch
Source: ch aviation Read more: Colombian amphibious start-up ALMA Air eyes 4Q24 launch
BermudAir raises $1mn via fintech to fund expansion
BermudAir (2T, Bermuda) has deployed an "innovative funding approach" to raise USD1 million via a tokenised bond issuance executed on the Obligate on-chain capital markets platform, saying it is the first airline to use fintech to raise capital. The issue was conducted in conjunction with global digital assets and cryptofinance firm XBTO Group. "The funding [...]