Air Canada targets almost $553mn in private funding
Air Canada (AC, Montréal Trudeau) plans to raise just over USD552.6 million in Enhanced Equipment Trust Certificates (EETCs) – a… Read More »
Lufthansa mulls further fleet cuts, including all A380s
Lufthansa (LH, Frankfurt Int’l) is contemplating cutting its fleet beyond the 100 aircraft announced earlier this year in a move… Read More »
RwandAir axes A330neo, B737 MAX leases
RwandAir (WB, Kigali) has confirmed it has cancelled leases for two A330-900Ns and two B737-8s amid protracted delays in their… Read More »
Avianca responds to court ruling blocking gov’t funding
Avianca Holdings will, in the next few days, present information to the Administrative Court of Cundinamarca showing that the Colombian… Read More »
Nepal’s Shree Airlines ventures into international market
Shree Airlines (N9, Kathmandu) is set to venture into the international market with its first flights abroad due to start… Read More »
Thai Airways formally enters business reorganisation
Thailand’s Central Bankruptcy Court has allowed flag carrier Thai Airways International (TG, Bangkok Suvarnabhumi) to enter into a business reorganisation… Read More »
New AirAsia Group MRO unit may save $240mn a year in costs
AirAsia Group has created a new MRO company, Asia Digital Engineering, a wholly-owned subsidiary that will provide engineering services for… Read More »
American Airlines mulls B737 MAX deferrals
American Airlines (AA, Dallas/Fort Worth) is in negotiations with Boeing over the potential deferral of eighteen B737-8s due in 2021… Read More »
Air New Zealand to park Boeing 777s through late 3Q21
Air New Zealand (NZ, Auckland Int’l) will keep all 15 of its B777s grounded through at least September 2021, with… Read More »
US court rejects LATAM’s $2.45bn financing deal
The US Bankruptcy Court for the Southern District of New York has rejected USD2.45 billion debtor-in-possession (DIP) financing secured by… Read More »
Etihad SPV bondholders reject Air Seychelles debt plea
A debt restructuring request emanating from Air Seychelles (HM, Mahé) has been rejected by bondholders of Etihad Aviation Group’s Netherlands-based… Read More »
Spain’s Gestair Private Jet acquires Maltese AOC
Gestair Private Jets (GES, Madrid Barajas) has established a new subsidiary in Malta, Gestair Aviation Malta, following the acquisition of… Read More »
Proflight Zambia converts planes for cargo to stay afloat
Struggling with a massive downturn in passenger flight demand because of COVID-19, Proflight Zambia (P0, Lusaka) has converted some of… Read More »
IAG announces €2.74bn capital increase amid poor bookings
IAG International Airlines Group has announced a fully underwritten capital increase to raise EUR2.741 billion euros (USD3.24 billion) to bolster… Read More »
Nigeria blacklists airlines in diplomatic tit-for-tat
In a tit-for-tat move, Nigeria is denying entry to carriers from countries that have imposed travel restrictions on its citizens…. Read More »
Fly Lankan Asia plans domestic, int’l ops from Sri Lanka
Fly Lankan Asia has filed an application for an Air Operator’s Certificate (AOC) and an Airline Licence (AL) in Sri… Read More »
India’s TruJet reaches deal with lessors to reactivate ATRs
TruJet (2T, Hyderabad Int’l) hopes to resume a full flying schedule having reached deals with lessors covering overdue payments and… Read More »
Wizz Air boosts Italian focus with new Catania base
Wizz Air (W6, Budapest) has announced it would open a base in Catania on October 8, 2020, basing two A321-200s… Read More »
South African Airways needs State cash next week to survive
The fate of South African Airways (SA, Johannesburg O.R. Tambo) hangs in the balance again with its administrators urgently needing… Read More »
SpiceJet faces $33mn court order plus BOC lease claim
SpiceJet (SG, Delhi Int’l) has had to confront several legal issues on top of problems such as ongoing financial losses,… Read More »
Miami’s GLOBALX to spin out Jetlines to target Canada market
Miami-headquartered Global Crossing Airlines, doing business as GLOBALX (Atlantic City), intends to spin out its wholly-owned subsidiary Canada Jetlines Operations,… Read More »
Zambia Airways completes certification
Zambia Airways (AZB, Lusaka) has been granted an Air Operators Certificate (AOC) by the Zambia Civil Aviation Authority (ZCAA) in… Read More »