Estonian state mismanaged, should sell Nordica - auditor

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...

Brunei's GallopAir signs LOI for 30 COMAC aircraft

Gallop Air has signed a Letter of Intent with COMAC (Shanghai Pudong) for thirty aircraft, including undisclosed numbers of ARJ21-700s (some in VIP configuration), ARJ21-700Fs, and C919s....

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Nigeria's Air Peace demands Heathrow slots after TCO

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...

US's iAero Group files for Chapter 11 with DIP financing

iAero Airways (WQ, Greensboro) parent iAero Group Parent LLC has filed for voluntary Chapter 11 bankruptcy protection in the US Bankruptcy Court of the Southern District of Florida (Miami Division) but will...

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Overview of all aircraft on order worldwide

Take a look at the all aircraft orders from across the globe, tracked by continent, country, customer, aircraft manufacturer, engine manufacturer, market group, and aircraft variant.

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JP Morgan briefly takes significant stake in Brazil's Azul

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...

Lisbon to approve TAP privatisation plan next week

The government of Portugal will approve a plan to privatise TAP Air Portugal (TP, Lisbon) at a cabinet meeting set for September 28, before a discussion on the state budget, Prime Minister Antonio...

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Take a look at our first ACMI/Wet-Lease Contract Monitor Report

Download the report that tracks global ACMI Contracts and outlines the largest Customer and Provider of ACMI Services in June 2023.

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Romania's HiSky Europe secures first A330

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...

Denmark's Sunclass Airlines to retire A330-200 by 2Q24

Sunclass Airlines (DK, Copenhagen Kastrup) has appointed Skytech-AIC to market its only A330-200 as it expects to retire the aircraft by April 2024. The jet will be sold without Rolls-Royce...

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Israel’s Air Haifa obtains an operator’s licence

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...

India’s Akasa Air obtains international permit

Akasa Air (QP, Mumbai International) has secured authorisation to fly abroad, with India’s Ministry of Civil Aviation on September 20 designating it as an International Scheduled Operator, the budget carrier confirmed in...

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