Recent News

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Malagasy CAA probes local carriers over safetych-aviation PRO exclusive

27.03.2020 - 15:15 UTC
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Placencia, Belize to close for runway upgrades

27.03.2020 - 12:15 UTC
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Placencia in Belize will be closed for five months to undergo significant upgrades, according to a press release issued by the Belize Airports Authority. The airport will be shut between May 1 and September 30, 2020.

The main part of the works is a runway improvement, with the existing 650 x 7.6 metre strip lengthened and widened to 850 x 12 metres (with a 3 metre unpaved load-bearing shoulders on each side). The runway's threshold will also be displaced by 100 metres, to move it further away from a public road and it will receive International Civil...

UK's Loganair ends Saab 2000 operationsch-aviation PRO exclusive

27.03.2020 - 08:49 UTC
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Lessors move to repossess Interjet's A320 Family jetsch-aviation PRO exclusive

27.03.2020 - 07:19 UTC
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SAA turnaround plan deadline extended to late 2Q20

27.03.2020 - 05:49 UTC
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South African Airways (SA, Johannesburg O.R. Tambo) administrators have been given until May 29 to devise and present a turnaround plan. Business Rescue Practitioners (BRP) Les Matuson and Siviwe Dongwana said in a statement on March 26 that creditors had acceded to their request to have the deadline pushed back by three months from late March.

"We confirm that a further extension for the publication of the plan from March 31, 2020, to May 29, 2020, has been approved by the requisite majority of the creditors holding voting...

South Africa's Comair launches restructuring, to cut jobs

27.03.2020 - 04:19 UTC
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Comair (South Africa) (MN, Johannesburg O.R. Tambo) launched a company-wide restructuring on March 23, which it described as an attempt to ultimately improve efficiency and financial sustainability, the South African business news site Fin24 reported.

The reorganisation at the British Airways franchisee includes the start of retrenchment under Section 189 of the country's Labour Relations Act, which allows employers to dismiss employees for operational requirements.

How many jobs will be cut has yet to...

ASL Airlines Ireland ends B757 operationsch-aviation PRO exclusive

27.03.2020 - 02:49 UTC
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Bristow Helicopters Nigeria returns sole E145ch-aviation PRO exclusive

27.03.2020 - 01:19 UTC
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Malaysia's AsiaCargo Express retires last in-house aircraftch-aviation PRO exclusive

26.03.2020 - 23:49 UTC
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Miami Air files for Chapter 11 bankruptcy protectionch-aviation PRO exclusive

26.03.2020 - 22:19 UTC
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Sky Mali adds first aircraft, a B737ch-aviation PRO exclusive

26.03.2020 - 19:28 UTC
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German billionaire becomes Lufthansa's largest shareholder

26.03.2020 - 17:58 UTC
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German billionaire Heinz Hermann Thiele, one of the world's richest industrialists, has increased his stake in Lufthansa Group from 5.29% to 10.01%, becoming the group's largest shareholder, according to a stock market filing.

The transaction, which was completed on March 16, saw Thiele increase his holding by 22.6 million shares, which were worth EUR195.5 million euros (USD212 million).

Lufthansa shares, as with those of most of its industry peers, have plummeted since the eruption of the COVID-19 pandemic. As of...

Qantas announces $623mn financing deal, shares soar

26.03.2020 - 16:28 UTC
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Qantas Group has managed to raise AUD1.05 billion Australian dollars (USD623 million) in a new round of debt funding, secured against part of its fleet, bolstering its position as it manoeuvres through the coronavirus crisis.

The debt has been “secured against part of the group’s fleet of unencumbered aircraft, which were bought with cash in recent years,” the airline revealed in a statement on March 25. The loan has a tenure of up to 10 years at an interest rate of 2.75%.

Qantas (QF, Sydney...

Saudi Arabia's Nesma Airlines suspends flight operationsch-aviation PRO exclusive

26.03.2020 - 14:58 UTC
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Kyrgyzstan considers signing up to Cape Town Convention

26.03.2020 - 13:28 UTC
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Kyrgyzstan has declared its intention to accede to the Cape Town Convention (CTC) as a means of facilitating fleet renewal among the country’s carriers and allowing them to benefit from improved leasing contract terms.

Signed in 2001, the convention is an international treaty intended to standardise transactions involving movable property. Regarding aircraft, it allows lenders and lessors in different countries to register an Irrevocable De-registration and Export Request Authorisation (IDERA) with a civil aviation regulator in the event...

Thai Lion Air ends A330-300 operationsch-aviation PRO exclusive

26.03.2020 - 11:58 UTC
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VTB allows Aeroflot to postpone lease payments - reportch-aviation PRO exclusive

26.03.2020 - 10:26 UTC
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Qantas defers Project Sunrise order to late 4Q20

26.03.2020 - 09:28 UTC
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Qantas (QF, Sydney Kingsford Smith) has extended until the end of 2020, the deadline for the firming of its tentative selection of twelve A350-1000(ULR)s, equipped with additional fuel tanks, for its Project Sunrise ultra-long-haul operations, Qantas Group Chief Executive Alan Joyce said.

"We have asked Airbus for a delay on the Project Sunrise decision which was due at the end of March. The [delivery] slots were potentially valuable and could be sold to other airlines. We assume it is unlikely now and we asked them to delay that...

Singapore Airlines accelerates B777-200(ER) phase-outch-aviation PRO exclusive

26.03.2020 - 08:31 UTC
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DR Congo's Kin Avia secures first Dash 8-Q100ch-aviation PRO exclusive

26.03.2020 - 07:33 UTC
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Sweden's BRA ends ARJ operationsch-aviation PRO exclusive

26.03.2020 - 06:36 UTC
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Russia's Izhavia eyes Western-built aircraft for growthch-aviation PRO exclusive

26.03.2020 - 05:38 UTC
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Mexico's AeroUnion ends A300B4 freighter operations

26.03.2020 - 04:40 UTC
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AeroUnion (6R, México City Int'l) phased-out its last A300B4(F) in early February before selling it to an unnamed airline in Georgia, Skyliner Magazine has reported.

XA-LRL (msn 210) operated its last flight from Guadalajara to México City Int'l on February 3, 2020. It was subsequently ferried via Bangor, Reykjavik Keflavik, and Burgas to Tbilisi over the course of February 11-13 and has remained in storage at the Georgian gateway since then, Flightradar24 ADS-B data shows.

At the peak of its...

Aero Georgia targets 2H20 launch

26.03.2020 - 03:43 UTC
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Aero Georgia (Tbilisi) is nearing an agreement with undisclosed investors amid plans to start operations in autumn this year, Chief Executive Igor Aptsiauri told Forbes.

"We want to start the certification process as early as possible because it will take another six to seven months. Then we still have a chance to start operations from maybe September, October of this year," he said.

He added that two Eastern European investors would "imminently" decide on their plans for the start-up while declining to name them....

Private equity firm buys into $2bn loan to United Airlines

26.03.2020 - 02:45 UTC
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Apollo Global Management has bought part of a USD2 billion one-year loan arranged by a group of banks aimed at helping United Airlines (UA, Chicago O'Hare) boost liquidity amid the coronavirus crisis, sources familiar with the matter told Bloomberg.

The loan, which closed in mid-March, is one of many that banks in the United States have arranged to help companies in a spectrum of industries to assist them through the coming months. American Airlines, jetBlue Airways, and Southwest Airlines have...

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