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Latest news
Lagos court upholds AMCON receivership of Arik Air
The Lagos Special Offences Court has admitted into evidence a Court of Appeal judgment upholding the legality of the Asset Management Corporation of Nigeria's receivership of Arik Air in the ongoing NGN76 billion naira (USD55.1 million) fraud trial of former AMCON managing director Ahmed Kuru and four...
The Lagos Special Offences Court has admitted into evidence a Court of Appeal judgment upholding the legality of the Asset Management Corporation of Nigeria's receivership of Arik Air in the ongoing NGN76 billion naira (USD55.1 million) fraud trial of former AMCON managing director Ahmed Kuru and four co-defendants.
According to a statement by AMCON, a certified copy of the appellate ruling was tendered during the cross-examination on June 25 of the Economic and Financial Crimes Commission's (EFCC) fourth prosecution witness, Bawa Usman Kaltungo.
That appeal court judgment had overturned an earlier ruling that Arik Air founder, Johnson Arumemi-Ikhide, had relied on to challenge the legality of AMCON's appointment of a receiver-manager for the airline.
During cross-examination, Kaltungo acknowledged that investigators had not traced proceeds from the dismantling of an Arik aircraft, valued at USD31.5 million, to the personal accounts of Kuru or former Arik Air CEO Roy Ilegbodu.
Kuru, former receiver-manager Kamilu Omokhide, Ilegbodu, Union Bank Plc and an entity called Super Bravo Limited are facing six charges, including "bordering on alleged conspiracy", stealing, abuse of office, and fraudulent handling of Arik Air assets. Prosecutors also allege the dismantling of the CRJ900ER, 5N-JEA (msn 15058), was unlawful and harmed the airline's interests.
The defence argued that the aircraft's owner had authorised the teardown and submitted court documents it said supported the claim.
The EFCC witness maintained the dismantling was illegal but conceded that no direct financial benefit from the transaction had been linked to the defendants.
The court also admitted documents relating to AMCON board resolutions authorising the establishment and share allotment of NG Eagle (2N, Lagos), with the witness acknowledging that Kuru and Ilegbodu did not derive any pecuniary benefit from those transactions.
After just having resumed since it was adjourned in May, the long-standing case was adjourned to July 7 to hear an interlocutory application, and the trial has been scheduled for continuation on October 26 to 29.
29Jun2026
Union exits negotiations with Air Corsica amid restructure
The Corsican Workers’ Union (STC - Syndicat des Travailleurs Corses) announced it has suspended participation in collaborative negotiations with Air Corsica (XK, Ajaccio) on June 22, 2026. The union stated that the airline's management, which introduced a restructuring plan in May 2025, has "betrayed"...
The Corsican Workers’ Union (STC - Syndicat des Travailleurs Corses) announced it has suspended participation in collaborative negotiations with Air Corsica (XK, Ajaccio) on June 22, 2026. The union stated that the airline's management, which introduced a restructuring plan in May 2025, has "betrayed" staff by implementing a "sham strategy" which has led to understaffing and operational dysfunction. Until now, the union engaged in dialogue and accepted wage freezes "in the spirit of solidarity and trust." The carrier rejects these accusations, and maintains openness to continued dialogue. Air Corsica's reorganisation includes the redundancy of 70 employees by 2027, as it seeks to return to profitability after five years of losses.
29Jun2026
Lufthansa’s GEM, Beautech sign 10-year engine leasing deal
Lufthansa Group’s Group Engine Management (GEM) and BeauTech Power Systems have announced a 10-year engine leasing deal that will enable Lufthansa Group airlines to work with BeauTech on obtaining engine assets that support operational flexibility and fleet requirements. The agreement includes CF34, CFM56, GTF, and LEAP engines, and...
Lufthansa Group’s Group Engine Management (GEM) and BeauTech Power Systems have announced a 10-year engine leasing deal that will enable Lufthansa Group airlines to work with BeauTech on obtaining engine assets that support operational flexibility and fleet requirements. The agreement includes CF34, CFM56, GTF, and LEAP engines, and provides a framework for future engine leasing opportunities.
29Jun2026
AstonJet Malta secures US foreign air carrier permit
AstonJet (Malta) (AJD, Malta International) has been granted a tentative foreign air carrier permit and exemption to operate charter services to the United States. The company operates a Citation M2, three Citation Latitudes, a Falcon 7X, and a Global 7500. France-based AstonJet, whose fleet comprises...
AstonJet (Malta) (AJD, Malta International) has been granted a tentative foreign air carrier permit and exemption to operate charter services to the United States. The company operates a Citation M2, three Citation Latitudes, a Falcon 7X, and a Global 7500. France-based AstonJet, whose fleet comprises seven Citation Mustangs and a Phenom 100, was granted a United States foreign air carrier permit in December 2022. However, that approval is no longer listed as active.
29Jun2026
BHS Aviation consolidates operations under German AOC
Bamberg-based BHS Aviation Group has consolidated all operations under the German AOC of BHS Aviation, the company announced. The group's fixed-wing operations were previously conducted under the AOC of BHS Aviation (Switzerland).
“By consolidating under a German AOC, we're creating a clear regulatory and...
Bamberg-based BHS Aviation Group has consolidated all operations under the German AOC of BHS Aviation, the company announced. The group's fixed-wing operations were previously conducted under the AOC of BHS Aviation (Switzerland).
“By consolidating under a German AOC, we're creating a clear regulatory and organisational foundation for the further development of our company,” said BHS Aviation Group CEO Maximilian Stoschek. The company said the restructuring allows it to consolidate regulatory responsibilities, harmonise internal processes, and effectively use existing expertise.
Despite the change, BHS Aviation will maintain a presence in Switzerland. “While Germany will focus on aircraft management and the strategic control of flight operations, the Zurich location will concentrate on air operations and charter services for private and business clients,” the statement continued.
The move follows the reregistration of BHS Aviation Group's sole fixed-wing aircraft, a Citation Latitude, previously reported exclusively by ch-aviation. The jet, now registered in Germany as D-CBHS (msn 680A-0326), was previously operated under the Swiss registration HB-VMS and the 'BHZ' code used by the Swiss division.
This aircraft resumed operations on June 8 with a flight between Zurich and Nuremberg without an operator callsign. BHS Aviation further operates a German-registered AW109, last active on May 18, flying under the 'BHZ' code.
Looking ahead, the group expects the restructuring to support further expansion. “This includes, in particular, the development of internal processes, the targeted acquisition of additional expertise, and the introduction and harmonisation of modern software and control systems.”
Germany-based BHS Aviation was founded in 2008 as BHS Helicopterservice and secured a German AOC in 2020.
The origins of BHS Aviation Switzerland date back to 1991, when the company operated as Heli-Link/Jet-Link. In 2013, DC Aviation (DCS, Stuttgart) acquired the business and rebranded it to DC Aviation Switzerland.
BHS Aviation then acquired DC Aviation's helicopter business in 2019, taking over DC Aviation Switzerland, rebranding the company to BHS Aviation Switzerland, and merging both entities under BHS Aviation Group later that year. Fixed-wing services were introduced under BHS Aviation Switzerland's AOC in January 2023.
29Jun2026
Saudi Arabia's NasJet adds VIP-configured B747-400
This article is only available with a subscription for Business Jet News.
29Jun2026
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