Nordic Aviation Capital Posts US$2.36 Billion Loss, Asks Creditors To Turn Debt Into Equity
Nordic Aviation Capital (NAC), the world’s largest lessor of regional aircraft, has reported a US$2.36 billion loss, due largely to a write down in the value of its aircraft assets, and it has outlined a plan to restructure its debt…
New Bangladeshi Airline Looking To Fly Next Year
Privately-owned Bangladeshi start-up Air Astra has applied for a no-objection certificate (NOC) and plans to operate ATR 72-600s. The airline says on its Facebook it has applied for the NOC from the Civil Aviation Authority of Bangladesh (CAAB). “In the…
New Zealand’s Origin Air Plans To Start New Routes Next Month
Regional airline Origin Air is looking to commence a new service to Napier in late October, as travel demand gradually picks up. Robert Inglis, CEO of Origin Air, tells Smart Aviation Asia Pacific the route was originally slated for 17…
Mauritius Govt To Pump US$283 Million To Bail Out Flag Carrier Air Mauritius
The Mauritius government will provide 12 billion Mauritian rupees (US$283 Million) in financial assistance to flag carrier Air Mauritius to pay off debts and help revive the airline. In the Air Mauritius debt-restructuring plan, listed in administrator Sattar Hajee Abdoula…
Bangladesh’s NXT Air Cargo Aims To Launch Operations Next Month
Bangladesh’s new airline NXT Air Cargo intends to be a dedicated freighter operator and will start with domestic, but is eyeing international markets in the future. Anjon Sanyal, NXT Air continuing airworthiness management organization (CAMO) manager, tells Smart Aviation Asia…
Thai Airways’ Mounting Challenges
Note: Thai language version of article is lower down หมายเหตุ: บทความภาษาไทยอยู่ด้านล่าง It has been over three months since Thai Airways International secured court approval for its rehabilitation plan, with many industry observers questioning whether the carrier can execute on the…
