ARTOTEL pursues growth plan with Kyriad purchase
Indonesia-based ARTOTEL Group has purchased that nation’s franchise for the Kyriad hotel brand, comprising of 11 properties and 1,300 rooms,… Read More »
N.Y. oceanfront hotels list for $71M
Two beachfront hotels in Montauk, N.Y., are up for sale, reflecting growing interest in property away from New York City…. Read More »
Iconic Tahoe Biltmore changes hands for $56.8M
EKN Development Group has declared grand plans for the Tahoe Biltmore Lodge & Casino after purchasing the landmark for $56.8… Read More »
Starwood Capital raises $10B for distressed properties
Starwood Capital Group has raised more than $10 billion for its latest fund that will seek opportunities in distressed real… Read More »
RIX Weekly Update!
This week Riga Airport connects passengers to 84 destinations This week Riga Airport connects passengers to 84 destinations. airBaltic resumes… Read More »
Jordan’s Fly Aqaba lands Saudi investor
The Aqaba Special Economic Zone Authority (ASEZA) has at last found a taker for its Fly Aqaba (Aqaba) project after… Read More »
Guernsey to recapitalise Aurigny to tune of $86.3mn
The island parliament of Guernsey has voted to write off the debts of its flag carrier Aurigny Air Services (GR,… Read More »
Israel’s El Al explores buyout of rival Arkia
El Al Israel Airlines (LY, Tel Aviv Ben Gurion) has launched negotiations to explore the possibility of buying Arkia Israeli… Read More »
Russia’s NordStar to add two B737 freighters
NordStar (Y7, Norilsk) will enter the dedicated freighter market by the end of the year with the delivery of its… Read More »
Air New Zealand receives $120mn for International Cargo
Air New Zealand (NZ, Auckland Int’l) has been awarded NZD170 million New Zealand Dollars (USD120 million) in subsidies for international… Read More »
Malaysia’s AirAsia X suggests paying 0.5% of $8.1bn debt
AirAsia X (D7, Kuala Lumpur Int’l) has asked its creditors to convene on November 12 to consider a restructuring proposal… Read More »
Air France-KLM threatens lawsuit over Schiphol fee hike
Air France-KLM has written to Amsterdam Schiphol threatening legal action because the airport signalled its intention to raise its charges… Read More »
French Polynesia’s Motu Link Airline granted an OL
French Polynesia’s Council of Ministers has approved a draft decree granting an air carrier license to low-cost startup, Motu Link… Read More »
LATAM postpones rescue plan reveal to mid-4Q21
The LATAM Airlines Group has requested an extension until November 26, 2021, to present its restructuring plan to the US… Read More »
Mitsubishi Aircraft Corp. confirms no plans to restart MRJ
Mitsubishi Aircraft Corporation (MAJ, Nagoya Chubu) has no plans to restart the SpaceJet/MRJ programme certification “for now” and has asked… Read More »
Qantas sells $595mn worth of land to recover debt
In an AUD803 million Australian dollar (USD595 million) deal aimed at reducing its debt as it recovers from the effects… Read More »
Air Austral entrusts AFI KLM E&M with the support of its Airbus A220 components
While Air France has received the first of its 60 Airbus A220 aircraft at the end of September, Air Austral,… Read More »
Vallair introduces comprehensive widebody maintenance capabilities to new Châteauroux hangar from 2022
Vallair, the multi-faceted aviation business dedicated to the support of both aircraft operators and lessors, will be extending its full… Read More »
AEROSTAR – keeps on track
The 2020 COVID-19 pandemic hit the entire commercial aviation industry very hard, in some cases producing an overnight halt to… Read More »
Sonesta Hires Club Quarters’ Wolin as SVP Hotel Operations
Sonesta International Hotels Corp. has named Len Wolin as SVP of hotel operations, effective immediately. Wolin most recently served as… Read More »
Surprise Soyuz thruster firing tilted and turned the ISS by 57 degrees
The astronauts and cosmonauts aboard the International Space Station had to initiate emergency protocols after the spacecraft tilted and turned… Read More »
Three Chinese astronauts have arrived at the space station
Three Chinese astronauts have arrived at the space station China is building. They will stay for six months to help… Read More »