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Found 35133 matching entries, displaying 1 to 25, items per page.

Jet Airways plunges deeper into crisis as gov't plans rescue

20.03.2019 - 20:51 UTC
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Jet Airways (9W, Mumbai Int'l) has plunged deeper into a liquidity crisis with nearly eighty aircraft grounded, at least two long-haul routes cancelled, and pilots warning to stop working on April 1 unless they receive their overdue salaries.

Times News Network has reported that as of March 19, 2019, only forty-one aircraft out of Jet's and JetLite's 115-strong fleet were active. The number is subject to dynamic changes as lessors ground further aircraft for non-payments almost daily. According to ch-aviation's...

Russia's Nordwind to resume EU ops in 2Q19ch-aviation PRO exclusive

20.03.2019 - 19:16 UTC
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Owner of Spain's Swiftair eyes takeover of West Atlantic

20.03.2019 - 18:29 UTC
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West Atlantic Sweden (SWN, Gothenburg Landvetter) has initiated talks with LUSAT, a holding company owning Swiftair (WT, Madrid Barajas), and its bondholders regarding the potential refinancing of the Swedish cargo specialist and an equity transfer.

"LUSAT has made an offer to the shareholders of the company and the bondholders as regards the repayment of the bonds. The offer includes several different features such as an equity injection in the company and pre-agreed assets to be allocated to the bondholders," West Atlantic said in a...

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Jamaican gov't plots new domestic airline

20.03.2019 - 17:20 UTC
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The Jamaican government is planning to launch a new domestic airline and is in talks with three investment groups about funding for the project, Minister of Transport and Mining Robert Montague said.

"Having a domestic airline is one of my objectives because I believe that ordinary Jamaicans should have an option of taking air transport, so I have it as one of my priorities," The Jamaica Observer quoted Montague.

The government is currently finalising a new National Transport Policy, which could include...

Indonesia AirAsia to hold rights issue in 2H19ch-aviation PRO exclusive

20.03.2019 - 16:12 UTC
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Air Timor's network dwindles with end of Singapore flightsch-aviation PRO exclusive

20.03.2019 - 15:03 UTC
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São Paulo court okays Avianca Brasil asset repoch-aviation PRO exclusive

20.03.2019 - 13:55 UTC
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China's Loong Air to set up southwestern branchch-aviation PRO exclusive

20.03.2019 - 12:46 UTC
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HNA Group, Grand China Air shares in Hainan Airlines frozen

20.03.2019 - 11:38 UTC
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The Shandong Province People’s Higher Court has frozen HNA Group's and Grand China Air's shares in Hainan Airlines Holdings following a dispute between the two shareholders and Shandong-based Guotai Leasing.

A stock market filing did not go into details about the case stating only that Grand China Air and HNA Group were actively negotiating with Guotai Leasing to resolve the issue as quickly as possible.

Hainan Airlines said the share freeze, which went into effect on March 14 and runs until March 13, 2022, has not...

INTRO Aviation outlines Corsair refleeting plans

20.03.2019 - 10:11 UTC
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German turnaround specialist INTRO Aviation has outlined its restructuring plans for Corsair International (SS, Paris Orly) following its assumption of a 53% stake in the French leisure carrier.

At present, Corsair operates two A330-200s, two A330-300s, and three B747-400s on scheduled passenger flights from its Paris Orly hub to the United States, Canada, Cuba, the French Caribbean, West Africa, and the Indian Ocean islands of Reunion and Mauritius.

According to an INTRO Aviation statement, the...

Latvia's SmartLynx Airlines distances itself from WeGo Airch-aviation PRO exclusive

20.03.2019 - 08:48 UTC
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Tunisia's Jasmin Airways eyes 2Q19 launchch-aviation PRO exclusive

20.03.2019 - 08:40 UTC
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Air Albania to launch under own code in 1Q19 - ministerch-aviation PRO exclusive

20.03.2019 - 06:26 UTC
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India's SpiceJet in talks to take over Jet Airways B737NGsch-aviation PRO exclusive

20.03.2019 - 04:56 UTC
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Austrian Airlines plans job cuts amid war with LCCsch-aviation PRO exclusive

20.03.2019 - 03:26 UTC
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Poland's Enter Air to seek damages from Boeing over MAXch-aviation PRO exclusive

20.03.2019 - 01:56 UTC
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Lufthansa to base its first B777-9 out of Frankfurt in 2020ch-aviation PRO exclusive

20.03.2019 - 00:26 UTC
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SmartLynx Airlines Malta gets maiden aircraftch-aviation PRO exclusive

19.03.2019 - 22:56 UTC
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Myanmar's Air KBZ to grow fleet amid push for consolidationch-aviation PRO exclusive

19.03.2019 - 21:26 UTC
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Puerto Rico's Prinair resumes ops

19.03.2019 - 19:56 UTC
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Prinair (PRU, San Juan Luis Muñoz Marin) has resumed scheduled flight operations as of Monday, March 18, 2019. Using a trio of Beech (twin turboprop) A100 King Airs, the resurgent Puerto Rican carrier is offering 2x weekly return flights between Aguadilla and Punta Cana in the Dominican Republic.

Airline vice president, Juan I. Hernandez, told the Inter News Service (INS) that the relaunch had been made possible via a USD2.5 million investment.

"With the new fleet and more than twenty years of experience,...

Qatar Executive okayed for flights to Alpine airports

19.03.2019 - 18:26 UTC
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Qatar Executive (QQE, Doha Int'l) has been certified to operate flights into Innsbruck in Austria, Chambéry in France, and St. Moritz in Switzerland, three Alpine airports requiring special authorisation due to the challenging terrain.

"We are very pleased to announce that Qatar Executive has enhanced its investment in additional crew training for our modern state-of-the-art fleet to serve these unique destinations, offering our highly esteemed VVIP clientele to fly directly into these ‘Top of the World’ destinations," Executive Vice...

Nigeria's Aero Contractors eyes 15-strong fleet

19.03.2019 - 16:04 UTC
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Aero Contractors (NIG, Lagos) is planning to more than double its fleet as it looks to regain lost market share, chief executive Ado Sanusi has said.

Nigeria's oldest airline, Aero Contractors was originally 100% owned by the Ibru family. However, following its inability to repay bank loans, the state-owned Asset Management Corporation of Nigeria (AMCON) took a 60% stake in the airline in late 2012 before assuming managerial control in 2016. At the time, it operated a fleet of seven B737-400s,...

Iran's Meraj Air adds A319sch-aviation PRO exclusive

19.03.2019 - 14:39 UTC
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Germany's INTRO Aviation takes control of France's Corsair

19.03.2019 - 13:14 UTC
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TUI Group has announced it has sold off a majority stake in its Corsair International (SS, Paris Orly) carrier to German aviation turnaround specialists, INTRO Aviation.

The German tour operator group said in a statement that under the deal, INTRO will acquire a 53% stake in Corsair as a first step. TUI Group will initially retain a minority stake of 27%, while Corsair’s Employee Benefit Trust will control the remaining 20%. Earlier reports had indicated INTRO would partner US-based private equity specialist Crestline in the acquisition....

Chaharmahal & Bakhtiari-based start-up set to secure Fokkersch-aviation PRO exclusive

19.03.2019 - 11:50 UTC
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