Recent News

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Icelandair secures first subleased B737-800ch-aviation PRO exclusive

26.03.2020 - 01:48 UTC

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Virgin to inject $250mn, V Atlantic moves to Heathrow

26.03.2020 - 00:50 UTC

Richard Branson said on March 22 that companies in the Virgin Group empire he founded will invest USD250 million in the coming weeks and months to “protect employees and save jobs” from the impact of the coronavirus outbreak.

In “the first chance I have had to put my thoughts down on paper” about the ongoing pandemic, Branson wrote in a blog posted on the Virgin website that “because many of our businesses are in industries like travel, leisure, and wellness, they are in a massive battle to survive and save jobs.”...

Rome to reboot Alitalia with just 25 to 30 aircraft - report

25.03.2020 - 23:52 UTC

Italy's government is aiming to take control of Alitalia (AZ, Rome Fiumicino) within the coming month, reshaping it into a new company that will initially have a far smaller fleet, union sources told Reuters news agency.

The new Alitalia will start with 25 to 30 aircraft, the country's Ministry of Economic Development informed unions on March 23. The ch-aviation fleets advanced module shows that the carrier currently has a fleet of 113 aircraft, meaning that around 75% of its aircraft would be let go....

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UK's Jet2 retires last B737-300(QC)ch-aviation PRO exclusive

25.03.2020 - 21:32 UTC

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Pakistan's AirBlue to add A321neoch-aviation PRO exclusive

25.03.2020 - 20:41 UTC

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Kyrgyzstan's Air Manas secures funding for fleeting drivech-aviation PRO exclusive

25.03.2020 - 19:50 UTC

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Gov't postpones sale of 39% stake in Cabo Verde Airlinesch-aviation PRO exclusive

25.03.2020 - 18:58 UTC

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Boeing to halt production in Washington state

25.03.2020 - 18:07 UTC

Boeing (BOE, Chicago O'Hare) has announced it will halt production at its plants in the Puget Sound area and at Moses Lake in response to the growing number of COVID-19 cases in the state of Washington.

"Boeing plans to begin reducing production activity today [March 24] and projects the suspension of such operations to begin on Wednesday, March 25, at sites across the Puget Sound area. The suspension of production operations will last 14 days, during which Boeing will continue to monitor government guidance and actions on COVID-19 and its...

Mexico's Interjet sets new SSJ 100/95 phase-out datech-aviation PRO exclusive

25.03.2020 - 16:59 UTC

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World gov'ts devise airline assistance plans 23-29MARch-aviation PRO exclusive

25.03.2020 - 16:58 UTC

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China's Donghai Airlines aims to build Shenzhen hubch-aviation PRO exclusive

24.03.2020 - 23:51 UTC

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Armenia's Taron-Avia starts legal action to recover debtsch-aviation PRO exclusive

24.03.2020 - 22:27 UTC

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Indonesia AirAsia to move Yogyakarta opsch-aviation PRO exclusive

24.03.2020 - 21:02 UTC

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Egypt's CIAF Leasing delays sukuk bond to 4Q20ch-aviation PRO exclusive

24.03.2020 - 19:37 UTC

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Fernandes, Meranun return to AirAsia as probe finds no guilt

24.03.2020 - 18:12 UTC

AirAsia founder and chief executive Tony Fernandes and executive chairman Kamarudin Meranun have returned to their posts after an independent probe cleared them of any guilt, the Malaysian LCC holding said in a stock exchange filing on March 20.

Denying any wrongdoing, they temporarily stepped aside on February 3 after Airbus settled a USD4 billion court case amid allegations the manufacturer had paid bribes to airlines worldwide, including AirAsia (AK, Kuala Lumpur Int'l) and long-haul unit...

Longview suspends production of Dash 8, Twin Otters

24.03.2020 - 16:48 UTC

Longview Aviation Capital, the parent of De Havilland Aircraft of Canada and Viking Air, has announced that its production lines for the Dash 8-400 at Toronto Downsview and DHC-6-400s at Calgary and Victoria Int'l have been suspended effective March 20, 2020.

The decision will affect approximately 800 employees or 65% of De Havilland's current workforce and 180 employees or 40% of Viking current staff.

The fund said the move was taken in cooperation with customers and suppliers and in light of "significantly...

Swiss retires A319-100sch-aviation PRO exclusive

24.03.2020 - 15:23 UTC

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Russia's Komiaviatrans delays reorg., court mulls insolvencych-aviation PRO exclusive

24.03.2020 - 13:58 UTC

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Jet Airways' liquidators given to late 2Q20 to find investor

24.03.2020 - 12:34 UTC

The Indian National Company Law Tribunal (NCLT) has granted Jet Airways' resolution professionals another 90-day extension in which to find investors for the grounded carrier, The Economic Times has reported. The current and legally the last possible deadline falls on June 13, 2020.

The default deadline expired on March 15, 2020, 270 days after liquidation procedures began, with the creditors have given potential bidders only until March 10 to submit offers. As valid bids were submitted by that deadline, the creditors subsequently...

Supreme Court of Pakistan allows PIA CEO to continue

24.03.2020 - 11:09 UTC

The Supreme Court of Pakistan has allowed Arshad Malik to continue as chief executive of PIA - Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int'l), the Pakistan Press International news agency reported.

A three-member bench headed by Chief Justice Gulzar Ahmed had been hearing Malik's appeal against an order by the Sindh High Court, which, as previously reported, had restrained him from performing his duties as he allegedly lacked the education and experience necessary for the job. A Supreme Court ruling in January rejected an...

SA Express's BRPs prep for liquidation as funds dry up

24.03.2020 - 09:44 UTC

South African Express (XZ, Johannesburg O.R. Tambo) is set to be liquidated after the bankrupt carrier's business rescue practitioners (BRP) failed to secure the ZAR200 million rand (USD12.77 million) worth of post-commencement funding (PCF) allocated to it in South Africa's 2020/21 Budget. The state-owned airline was placed into business rescue in February in the hopes of salvaging its operations.

However, the turnaround of the carrier, which has generated cumulative losses of ZAR1.2 billion (USD76.7...

Delta obtains $2.6bn credit facility, burning $50mn a day

24.03.2020 - 01:33 UTC

In an effort to boost its cash position during the coronavirus crisis, Delta Air Lines (DL, Atlanta Hartsfield Jackson) has entered into a USD2.6 billion secured credit facility and has drawn down USD3 billion under its existing revolving credit facilities, it said in a statement on March 20.

The carrier said it expects its second-quarter revenue to fall by USD10 billion, representing an 80% reduction compared with a year earlier.

In order to preserve liquidity, Delta has suspended its capital returns...

Bhutan's Drukair takes first A320neo

24.03.2020 - 00:28 UTC

Drukair (KB, Paro) took delivery of its first A320-200neo, A5-JKW (msn 9595), on March 18, 2020, Skyliner Aviation has reported.

The Airbus narrowbody was ferried from Toulouse Blagnac via Delhi Int'l to Paro but has yet to be deployed into revenue service given government restrictions on foreigners entering the country as a result of the COVID-19 crisis.

The Bhutanese flag carrier has so far been limited to smaller narrowbodies due to extreme terrain restrictions at Paro which excluded the operation of A320ceo. The...

Afghanistan's Kam Air leases Ukrainian Wings' B767ch-aviation PRO exclusive

23.03.2020 - 23:22 UTC

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Indonesia's Pelita Air to convert ATR72-500

23.03.2020 - 22:17 UTC

Pelita Air (PAS, Jakarta Halim) is converting one of its three ATR72-500s into a freighter as it prepares to deploy the turboprop on behalf of state-owned PT Angkasa Pura Logistik, Cargo Facts has reported.

PK-PAW (msn 746), a 13-year-old turboprop with 17,595 flight hours accumulated as of November 30, 2019, entered the Indopelita Aircraft Services facility at Jakarta Pondok Cabe airport in January 2020, although the actual conversion started in late February. Indopelita is Pelita Air's in-house MRO facility....