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Court validates the ousting of Stobart ex-CEO

20.02.2019 - 06:27 UTC

The British High Court ruled that Stobart Group had the right to fire its CEO Andrew William Tinkler in summer 2018, the Financial Times has reported.

The court found that Tinkler acted in breach of his fiduciary duties by attempting to oust the group's Chairman Iain Ferguson and discussing the matter with investors. As such, the group could lawfully fire Tinkler. The court also confirmed the validity of the election of Ferguson as a Chairman in July 2018.

However, the judges did not prove an unlawful...

Founder of India's Air Deccan under fraud investigation

20.02.2019 - 05:34 UTC

Air Deccan (2003) (DN, Bangalore Int'l) founder GR Gopinath is under investigation in India for his alleged role in the bank fraud committed during the bankruptcy of Kingfisher Airlines (IT, Mumbai Int'l), The Economic Times has reported.

Gopinath sold his low-cost carrier Air Deccan to Kingfisher owner Vijay Mallya in 2007, subsequently assuming a board position at the latter airline. The airline was then rebranded as Kingfisher Red. The transaction included the transfer of a INR3.4 billion rupee...

Air Canada to use A220s mostly on existing routes

20.02.2019 - 04:40 UTC

Air Canada (AC, Montréal Trudeau) is planning to deploy its incoming A220-300s predominantly as a replacement on existing routes but there will be "some new flying" as well, Senior VP (Regional Markets and Government Relations) Ferio Pugliese said at the Routes America conference.

The Canadian carrier is due to receive the first of its forty-five ordered Airbus regional jets in late 2019, although commercial service will likely only begin in early 2020. Initially, the A220s will replace E190s,...

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Sovereign fund Khazanah asks Malaysia Airlines for new plan

20.02.2019 - 03:47 UTC

The Malaysia sovereign fund Khazanah Nasional expects Malaysia Airlines (MH, Kuala Lumpur Int'l) to put forward a new turnaround plan in "a very short time" and will condition any future funding for the carrier on such a strategy, The Edge Malaysia has reported.

Khazanah CEO Shahril Ridza Ridzuan said that the fund still considered the flag carrier a strategic asset but refused to pledge any additional capital injections at this time. The fund has already invested MYR6 billion ringgits (USD1.5 billion) in the struggling airline....

Ryanair to base B737 MAX 200 at Stansted from mid-2Q19

20.02.2019 - 02:54 UTC

Ryanair (FR, Dublin Int'l) will start B737-8-200 operations on May 14, 2019, basing the first units of the type exclusively out of London Stansted, Chief Marketing Officer Kenny Jacobs told various media outlets.

Flightglobal cited Jacobs as saying that the Irish LCC would plan to take five MAX 200s this year. According to the ch-aviation fleets module, Ryanair has 135 such aircraft on order with Boeing and is one of only two customers for the type so far with VietJetAir (VJ, Hanoi) having another...

South Korea's FlyGangwon mulls B737 MAXch-aviation PRO exclusive

20.02.2019 - 02:00 UTC

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Colombia's Regional Express Americas eyes 1Q19 launchch-aviation PRO exclusive

20.02.2019 - 01:07 UTC

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Avianca Argentina to effect workforce cutsch-aviation PRO exclusive

20.02.2019 - 00:14 UTC

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SAA to be reorganized into three business units

19.02.2019 - 23:20 UTC

South African Airways (SA, Johannesburg O.R. Tambo) chief executive Vuyani Jarana says the carrier holding is to be reorganized into three separate entities as part of its restructuring plan.

According to Moneyweb, Jarana told a media briefing on Monday, February 18, that SAA would organise itself into domestic, regional and international business units. To improve the loss-making carrier's agility and accountability, each unit will also have its own management rather than a centralized powerbase....

Thailand fails to secure US FAA Category 1 clearancech-aviation PRO exclusive

19.02.2019 - 22:27 UTC

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Trans Air Congo secures wet-leased B737 capacitych-aviation PRO exclusive

19.02.2019 - 21:33 UTC

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WOW air seeks to delay payment of airport fees - reportch-aviation PRO exclusive

19.02.2019 - 11:04 UTC

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China's HNA Group bumps Atlantic Gateway stakech-aviation PRO exclusive

19.02.2019 - 10:08 UTC

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Japan's ANA settles for $58mn in price-fixing lawsuit

19.02.2019 - 09:13 UTC

ANA - All Nippon Airways (NH, Tokyo Haneda) has become the last airline to settle a transpacific price-fixing class action lawsuit after agreeing to pay USD58 million to the plaintiffs.

The carrier said in a stock market financial statement that it chose to settle the case "in order to minimize the impact that the Litigation might bring to the corporate value of ANA Holdings and by factoring in the totality of various circumstances, including, among others, the possible effects of a long litigation process"....

Warsaw airport aims to ban charter ops from 2021ch-aviation PRO exclusive

19.02.2019 - 08:17 UTC

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Banks, NIIF, Etihad to boost stakes in Jet Airways

19.02.2019 - 07:22 UTC

The board of Jet Airways (9W, Mumbai Int'l) has approved a restructuring plan wherein a consortium of lenders led by the State Bank of India (SBI) will take a 32% stake in the airline through a debt-for-equity transaction, The Times of India has reported.

The lenders will convert a INR6 billion rupee (USD84 million) loan into equity under the so-called bank-led provisional resolution plan (BLPRP).

The National Investment and Infrastructure Fund (NIIF) will inject a further INR14 billion rupees (USD196...

Sberbank open to restructuring of UTair's debtch-aviation PRO exclusive

19.02.2019 - 06:27 UTC

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Investors check Germania's books, liquidators protect slotsch-aviation PRO exclusive

19.02.2019 - 04:35 UTC

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Bashkiria, Crimea tout joint airlinech-aviation PRO exclusive

19.02.2019 - 03:35 UTC

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Gov't approves $40mn guarantees to PIA

19.02.2019 - 02:35 UTC

The Pakistani Economic Coordination Committee (ECC) has approved PKR5.6 billion rupee (USD40 million) in guarantees to the struggling flag carrier PIA - Pakistan International Airlines (PK, Karachi Int'l), Pakistan Press International has reported.

The guarantee package will allow the carrier to take loans for urgent maintenance and repair needs. The funds will also back the planned fleet growth.

In early January 2019, Prime Minister Imran Khan outlined a new rescue package for PIA, which was to include...

Great Dane Airlines eyes 3Q19 launchch-aviation PRO exclusive

19.02.2019 - 01:35 UTC

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Air Canada, WestJet, Air Transat to pursue foreign investors

19.02.2019 - 00:35 UTC

Three Canadian carriers - Air Canada, Air Transat, and WestJet - have individually declared they will each seek shareholder approval to increase existing caps on foreign ownership and control of its voting shares.

Amendments to the Canada Transportation Act last year removed previous curbs that had limited foreign ownership to no more than 25% of the voting interests of a Canadian air carrier.

That limit has now been increased to 49% although for any single non-Canadian. However, no more than 25% of the voting...

Korean Air to debut B737 MAX ops in mid-2Q19

18.02.2019 - 23:35 UTC

Korean Air (KE, Seoul Incheon) has outlined its proposed B737-8 deployment plans ahead of the delivery of its first aircraft of the type during the second quarter of the year.

ch-aviation analysis of schedule data shows the twinjet will be deployed on the following routes out of Seoul Incheon starting in May:

Turkmenistan Airlines enlists LH Consulting to re-secure TCO

18.02.2019 - 22:35 UTC

Turkmenistan Airlines (T5, Ashgabat) has enlisted the services of Lufthansa Consulting to help address and resolve all issues that lead the European Aviation Safety Agency (EASA) to withdraw its Third Country Operator (TCO) certificate.

"The airline recently experienced difficulties in satisfying relevant EASA requirements and is taking matters in this regard very seriously," the consultancy said in a statement.

"In this project, our consultants will evaluate the current status within the airline towards...

Air Vanuatu set to order four A220s - report

18.02.2019 - 21:35 UTC

Air Vanuatu (NF, Port Vila) is set to put down a VUV850 million vatu (USD7.46 million) deposit on four Airbus narrowbodies. According to The Daily Post, Minister of Finance and Economic Management, Gaetan Pikioune, and Air Vanuatu Chief Executive Officer (CEO), Derek Nice, signed the instrument on February 15.

The aircraft are 133-seaters - presumably A220-300s - the first of which is to deliver by June 2020.

According to Nice, the jets will be based out of Vanuatu and used to serve destinations in Australia, New...