Nordic Aviation Capital’s Largest Creditors To Take Control Of Lessor Following Chapter 11 Bankruptcy
Nordic Aviation Capital’s (NAC) largest creditors are to take control of the heavily indebted aircraft lessor, dealing a blow to the existing shareholders: NAC founder Martin Møller Nielsen, Swedish investment company EQT, Danish investment company Kirkbi and the Singapore Government’s…
Lessor Nordic Aviation Capital Files For Chapter 11 Bankruptcy
Nordic Aviation Capital, the world’s largest regional aircraft lessor, has filed for Chapter 11 bankruptcy in the US in an effort to restructure its debts. Documents filed with the US Bankruptcy Court for the Eastern District of Virginia show that…
India’s SpiceJet Reaches Settlement With De Havilland Canada
India’s second largest airline SpiceJet has settled its dispute with aircraft manufacturer De Havilland Aircraft of Canada (DHC) regarding monies owed for aircraft it had previously ordered. Low-cost carrier SpiceJet says in a statement it has entered into a settlement…
Qantas To Replace Boeing Fleet With Airbus A321neos and A220s
Australia’s Qantas Group has selected the Airbus A321neo and Airbus A220 as the preferred models for renewal of its domestic narrow-body fleet, which is set to be the largest aircraft order in the country’s aviation history once finalised. Qantas says…
Indonesia’s TransNusa Set To Be Next Budget Airline In Indonesia
Indonesian carrier TransNusa is changing its business model from being a regional airline to a low-cost carrier, citing a shift in market dynamics as the main reason, and aims to restart its operations next year with Airbus aircraft. Bayu Sutanto,…
Fly Lankan Asia Aims To Start Operations Before Year-End
Sri Lankan start-up Fly Lankan Asia plans to begin its flight services before year-end, beginning with cargo operations. Dr Arosha Fernando, the newly appointed CEO of Fly Lankan Asia, tells local media outlet Sunday Observer the airline’s business model is…
Vietnam Airlines Puts Aircraft Up For Sale
Flag carrier Vietnam Airlines is selling 15 aircraft consisting of Airbus A320s and ATRs. The airline says in a statement it is auctioning nine A321ceo aircraft – manufacture serial numbers 2974, 3005, 3013, 3022, 3198, 3315, 3355, 3600 and 3737…
Vietnam Airlines To Wet-Lease Two Regional Jets To Deploy On ATR Routes
Flag carrier Vietnam Airlines is seeking to wet-lease two regional jets starting next month and plans to use the aircraft on routes it currently serves using ATR 72 turboprops. The airline says in a statement it invites interested parties to…
Philippine Airlines De Havilland Aircraft Dash 8-400 Veers Off Runway In Cebu
Philippine authorities are investigating an incident today in which a Philippine Airlines (PAL) De Havilland Aircraft of Canada Dash 8-400 came off the runway and onto soft ground. The runway excursion occurred at 11:39hr today when one of the airline’s…
Australia’s Cobham Expanding Fleet In 2022
Charter, scheduled and specialist flight operator Cobham Aviation Services Australia (Cobham) has taken delivery of a fourth Embraer E-190 and is expanding its fleet further next year. A picture Cobham posted on its social media shows the fourth aircraft at…
Philippines’ Alphaland To Operate From Manila’s Sangley Point Airport
Philippine air charter operator and resort owner Alphaland has received regulatory approval to operate from Manila’s Sangley Point Airport to Balesin Island, with the flights to commence this weekend. Mike Asperin, Alphaland chief operating officer, who oversees the company’s aviation…
Air New Zealand Establishes Framework To Tackle Climate Change
Flag carrier Air New Zealand has laid out a path to reach its goal of net zero carbon emissions by 2050, in its latest sustainability report, as part of its effort towards combating climate change. The airline’s 2021 sustainability report…
