Estonia’s state auditor has delivered a damning evaluation of the state’s ownership of flag carrier Nordica (ND, Tallinn Lennart Meri) and lessor Transpordi Varahaldus, both subsidiaries of Nordic Aviation Group, concluding that “it would be reasonable to sell” them.

“Nordica’s course suggests that the state has not been a sufficiently skilled or interested owner in such a complex business area as aviation,” the National Audit Office (Riigikontroll) said in a statement...

Having recently secured its UK Third Country Operator (TCO) authorisation, Air Peace (P4, Lagos) has demanded access to London Heathrow, citing the reciprocity principle in the bilateral air services agreement (BASA) between Nigeria and the United Kingdom.

"It took seven years for them [the UK] to come and do the audit. Now we have got the approval. The next thing is slots, and they are telling us to go to London...

JP Morgan Chase Bank briefly became a significant minority shareholder in Azul Linhas Aéreas Brasileiras (AD, Sao Paulo Viracopos) on September 15, only to then reduce it below the 5% threshold three days later.

The airline said in a stock market filing that "certain entities controlled by JP Morgan" acquired nearly 8.8 million preferred shares on September 15, which nearly doubled the bank's holdings from 3.92% to 6.54%. However, the...

HiSky Europe (H4, Iasi) has signed a contract with Air Lease Corporation for the lease of a single A330-200, its first widebody aircraft. Delivery is expected by the end of the year.

"Over the past two years, we've experienced consistent growth that has brought us to this pivotal moment - the moment when we are prepared to acquire our first widebody aircraft. We've now become the fourth-largest air carrier...

Israeli transport and infrastructure minister Miri Regev has approved a business licence for start-up Air Haifa to operate flights out of Haifa in northern Israel to both domestic and international destinations, she announced on social media.

“Flights from Haifa to Eilat Ramon, Europe, and the Mediterranean continue in the making. In order to increase competition and connectivity within Israel and beyond, on land, sea, and in the air, I have signed...