US sanctions three firms for smuggling parts to Venezuela
The US Department of Commerce's Bureau of Industry and Security (BIS) has designated three firms with offices in multiple countries for the alleged smuggling of US-origin aircraft parts to sanctioned entities controlled by the Venezuelan government.
The export restrictions were imposed on the following companies:
- Aerofalcon S.L., a Spanish aircraft parts broker,
- Novax Group S.A., a company with offices in Costa Rica, Ecuador, Panama, Venezuela, and Russia, and
- Zero Waste...
Hawaiian Airlines' B717s to be replaced with MAX - report
The planned USD1.9 billion buyout of Hawaiian Airlines (HA, Honolulu) by Alaska Airlines (AS, Seattle Tacoma International) could eventually see B737 MAX stock replace Hawaiian's workhorse B717-200s on...
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Read moreBrazil’s GOL to review capital structure amid lessor talks
GOL Linhas Aéreas Inteligentes (G3, Sao Paulo Congonhas) has hired the New York-based financial consultancy Seabury Capital to help it carry out “a broad review” of its capital structure, it said in a statement.
Among the objectives is a review of how to manage liabilities, financial transactions, and other measures aimed at improving liquidity and adjusting the fleet in the short and medium term.
The airline said that Seabury would...
Boss of AOG Technics arrested in UK Fraud Office raid
The UK Serious Fraud Office (SFO) has commenced a criminal investigation into rogue aircraft supplier AOG Technics, raiding a London residential address on the morning of December 6, 2023, and taking one person in for...
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Read moreMexico’s Volaris secures P&W inspection compensation
Volaris (Y4, México City International) says it has agreed a compensation deal with Pratt & Whitney for each of the engines that are being pulled from its fleet for inspections.
The low-cost carrier’s chief executive, Enrique Beltranena, had said in an earnings call in October that talks were underway with the manufacturer on a “negotiated compensation and support package” to ease the impact of the groundings of its A320neo...
Three OEMs respond to Nepal Airlines' STOL RFP
Three OEMs have reportedly responded to a request for proposal (RFP) issued by Nepal Airlines (RA, Kathmandu) to supply three short take-off and landing (STOL) aircraft, according to an airline spokesperson.
Ramesh...
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Read moreJudge seeks more sacrifices as JetBlue-Spirit trial ends
The closing arguments have been heard in a United States Department of Justice trial to decide on the fate of the planned USD3.8 billion acquisition of Spirit Airlines (NK, Fort Lauderdale International) by JetBlue Airways (B6, New York JFK), with US District Judge William Young hinting that the deal could go ahead if JetBlue agrees to forfeit more assets.
Leaving it open which way he would lean in the...
EC sets mid-1Q24 deadline for Korean/Asiana merger decision
The European Commission (EC) has set February 19, 2024, as the tentative date for a decision on the merger of Korean Air (KE, Seoul Incheon) and Asiana Airlines (OZ, Seoul Incheon)....
Air New Zealand picks Beta's ALIA for first electric demo
Air New Zealand (NZ, Auckland International) has chosen the US-based BETA Technologies to supply its first electric aircraft. The airline announced on December 6, 2023, that it has purchased a single ALIA CTOL type to meet its goal of flying a commercial demonstrator by 2026. Air New Zealand also confirmed NZ as its commercial demonstrator cargo partner.
"This is a small but important step in a much larger journey for Air...
Cargo downturn bites as US's Amerijet parks planes - report
Amerijet International (M6, Miami International) is mulling parking more planes as the cargo downturn continues and is grappling with the end of two large US Post contracts, according to a FreightWaves report...
