Kenya's Yellow Wings Air Services eyes jet operations

Norway set for SAS debt-equity scheme

SAS Scandinavian Airlines (SK, Copenhagen Kastrup) has welcomed as "an important step" towards its future success, the Norwegian government's announcement that it intends to support the airline's transformation plan by converting its debt into equity. The Norwegian government, which sold out of SAS as a shareholder in 2018, also announced it would not contribute any new capital.

"The full implementation of SAS FORWARD (as the airline's transformation plan is called), including the burden-sharing components, will allow SAS to become a competitive player in the European airline industry," the carrier said in a statement.

SAS had been an important part of the Scandinavian infrastructure since 1946, the carrier said, in connecting Norway and Scandinavia to the world. "This continues to be SAS' mission for generations to come."

Industry Minister Jan Christian Vestre on June 28 said SAS owed the Norwegian state about NOK1.5 billion crowns (USD153 million) from loans made during the pandemic, adding these can be converted into equity under certain conditions. He stressed that Norway would not participate as an investor in any...

UK's Titan Airways moves Central Asia stops to Almaty

India's Vistara considers short-term B787 leases

Vistara (UK, Delhi Int'l) is scouting the market for B787s available for short-term leases to cover delays in new deliveries by Boeing (BOE, Washington National), Chief Executive Vinod Kannan told reporters during the 2022 IATA AGM in Doha.

"I would like to have [more B787s] yesterday. But the facts are that these things do take time... The last thing we want is to hurry and get stuck with an aircraft that we cannot utilise viably," he said.

He underlined that any additional aircraft would be signed only for the time until Boeing hands over Vistara's new B787-9s. The airline is in no rush and wants to make sure that whatever aircraft it sources on an interim basis will be well-suited forto its network in terms of range, payload, and efficiency.

The Indian full-service carrier - a joint venture of Tata Sons and Singapore Airlines Group - ordered six aircraft of the type from Boeing but took only two prior to last year's suspension in deliveries caused by manufacturing issues....

Kenyan CAA sanctions 29 carriers, 15 AMOs