Creditors Withdraw Petition Against Air Seychelles
Air Seychelles, which entered administration last year, has avoided liquidation now that creditors have withdrawn their petition. Representatives of the noteholder committee of the bondholders have withdrawn their earlier petition, which called for the financially-troubled carrier to be wound up….
Philippines’ Cebu Pacific Discloses Fleet Replacement Plans
The Philippines’ largest airline Cebu Pacific Air is taking delivery of new Airbus aircraft to replace its earlier generation Airbus aircraft, and is also expanding its fleet size over the next five years. Lance Gokongwei, Cebu Pacific chief executive officer,…
Garuda Indonesia Proposes Extension For Debt Restructuring
Debt-ridden flag carrier Garuda Indonesia has once again asked for an extension of time to complete its postponement of debt payment obligations (PKPU), citing a need to sort out remaining details with creditors. Irfan Setiaputra, CEO of Garuda Indonesia, told…
Garuda Airlines Corruption Case Files Handed To Public Prosecutor
Indonesia’s Attorney General’s Office (AGO), which has been investigating alleged corruption at Garuda Indonesia involving the acquisition of some regional aircraft, has handed the case over to Indonesia’s public prosecutor. Ketut Sumedana, head of the AGO’s legal information centre, says the…
Air Niugini Resumes Flights To Mount Hagen
Papua New Guinea’s national airline Air Niugini resumed flights to Mount Hagen today after suspending flights yesterday due to safety concerns. Air Niugini says in a statement it has resumed flights to Mount Hagen’s Kagamuga airport and is closely monitoring…
China Eastern Airlines Raising Funds For Fleet Expansion
China Eastern Airlines is looking to raise billions for 38 new aircraft, including Commercial Aircraft Corporation of China (COMAC) ARJ21s and C919s. The airline says in a Shanghai stock exchange filing that it is planning to raise up to 15…
