AirAsia Group raises $81.8mn, embraces new investors
AirAsia Group has raised a total of MYR336.46 million ringgit (USD81.83 million) following the completion of the second tranche of… Read More »
Illinois court throws out B737 MAX fraud case against Boeing
The District Court for the Northern District of Illinois has dismissed fraud allegations filed against Boeing by lessor Timaero Ireland… Read More »
Gov’t clears SriLankan Airlines to add freighter aircraft
Sri Lanka’s Cabinet has authorised flag carrier SriLankan Airlines (UL, Colombo Int’l) to lease a freighter of unspecified type to… Read More »
Central bank confirms Vietnam Airlines interest-free loan
Vietnam’s central bank, the State Bank of Vietnam, has confirmed a government plan to provide an interest-free loan of up… Read More »
China Development Bank fined ¥42.7mn for HNA loan guarantee
The Hainan branch of the government-owned China Development Bank (CDB) has been fined exactly CNY42.6616 million yuan (USD6.56 million) for… Read More »
British Airways still committed to its A380s – CEO
Contrary to the growing ranks of airlines explicitly or implicitly saying they won’t reactivate their A380-800s, British Airways (BA, London… Read More »
Israel to bail out El Al with $210mn ticket-purchase plan
Israel’s government has agreed to buy tickets in advance worth USD210 million from ailing flag carrier El Al Israel Airlines… Read More »
Minnesota’s Sun Country Airlines raises $218mn in IPO
Sun Country Airlines (SY, Minneapolis/St. Paul) sold 9,090,909 common shares priced at USD24 each in its Initial Public Offering (IPO),… Read More »
Jetstar moves A320s to Australia from Japan, Singapore
Qantas Group is planning to temporarily transfer up to ten A320-200s from its foreign joint ventures to its Australian fleet… Read More »
South Africa’s CemAir set to start scheduled int’l ops
South Africa’s CemAir (5Z, Johannesburg O.R. Tambo) launches its first own international schedules with the commencement of weekly commercial flights… Read More »
US, Hong Kong spat over quarantine rules affecting FedEx ops
The US Department of Transportation (DOT) has issued an order to all Hong Kong-based carriers serving the United States to… Read More »
Michigan’s USA Jet Airlines to add MD-88 freighters
Eight years after it added its first McDonnell Douglas P2F-converted freighter, USA Jet Airlines (UJ, Detroit Willow Run) will expand… Read More »
Etihad Airways unlikely to reactivate A380s
Etihad Airways (EY, Abu Dhabi Int’l) is set to join the ranks of airlines retiring its fleet of A380-800s due… Read More »
Florida’s Sterling Airways to resume US commuter services
Via Airlines Inc. t/a Sterling Airways (Jacksonville Craig, FL) has announced it has received its Part 121 certification from the… Read More »
Fiji Airways lands $65mn in bank loans
Fiji Airways (FJ, Nadi) has signed a USD65 million liquidity support facility with the Asian Development Bank (ADB) to help… Read More »
EU approves €351mn Finnish gov’t loan to Finnair
The European Commission has approved a Finnish government loan to Finnair (AY, Helsinki Vantaa) of EUR351.38 million euros (USD419.2 million),… Read More »
Virgin Atlantic in talks to raise $222mn in fresh financing
Virgin Atlantic (VS, London Heathrow) is negotiating with shareholders and creditors to obtain further support worth GBP160 million pounds (USD222… Read More »
Ghana’s Cabinet greenlights new national carrier project
The Ghanaian Cabinet has granted policy approval for establishing a new flag carrier with strategic partner participation, President Nana Akufo-Addo… Read More »
Norway’s Norse Atlantic Airways targets low-cost long-haul
Bjørn Tore Larsen, founder of the Norway-based crew management firm OSM Aviation, of which Norwegian (DY, Oslo Gardermoen) was formerly… Read More »
Nigerian CAA grounds Azman Air amid safety audit
Azman Air (AZM, Kano) has been forced to suspend commercial flight operations after the Nigerian Civil Aviation Authority (NCAA) grounded… Read More »
Cathay Pacific in advanced talks over B777X deferrals
Cathay Pacific (CX, Hong Kong Int’l) has confirmed that it is in advanced talks with Boeing regarding the deferral of… Read More »
Canada’s Air Transat urgently needs C$500mn to survive
Air Transat (TS, Montréal Trudeau) urgently needs to secure CAD500 million Canadian dollars (USD401 million) in long-term financing to ensure… Read More »