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…
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…
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…
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…
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…
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…