The founder of insolvent MYAirline (MYM, Kuala Lumpur Subang) is one of three defendants ordered to hand over bank account statements in an ongoing civil suit brought by multiple plaintiffs regarding an allegedly fraudulent investment scheme. Goh Hwan Hua and two entities associated with him, I-Serve Online Mall Sdn Bhd and QA Smart PLT, lost [...]
Source: ch aviation Read more: Japan's ANA to add ex-LOT Q400s
Source: ch aviation Read more: Southern Airways Express seeks dismissal of Marianas lawsuit
Source: ch aviation Read more: Congo Airways hangs onto certification
Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) is looking to place a private offering at some point between the first and second quarters of 2025, according to a report by the Brazilian media outlet Valor. However, for the carrier to be able to place this offering, it would have to emerge from its current [...]
Alaska Air Group completed the acquisition of Hawaiian Holdings on September 18, the company announced, “marking the beginning of a partnership” that will maintain the Alaska Airlines, Hawaiian Airlines, and Horizon Air brands as separate entities. Following the acquisition, Alaska Air Group paid approximately USD1 billion to Hawaiian's shareholders and other equity holders, funding the [...]
Source: ch aviation Read more: US’s World Atlantic Airways to move to an A320 fleet
Source: ch aviation Read more: Burundi MPs challenge 2K spending on idle aircraft
The recently launched INR30 billion rupee (USD358.5 million) capital raising at SpiceJet (SG, Delhi International) is already oversubscribed, sources have told the Times of India. The low-cost carrier released the preliminary placement document (PPD) for the raising earlier this week, and the insiders said there is "strong investor confidence in the airline and in its [...]
Iberia (IB, Madrid Barajas) has brought forward its A321-200NY(XLR) debut, which is now set to take place on October 26 between Madrid Barajas and London Heathrow. As launch customer of the new Airbus extra-long-range narrowbody, the Spanish carrier will deploy the XLR on six crew training flights from Madrid to London between October 26 and [...]