Nigerian carrier Azman Air is temporarily suspending its operations in order to undergo a safety audit. The airline has given few details of the reason for the “comprehensive” audit of its internal safety processes which, it says, will be supervised...
Indigo Partners has sold just over half of its 17.5% stake of ordinary shares in European budget carrier Wizz Air through a placement to institutional investors. Indigo Partners has sold just over half of its 17.5% stake of ordinary shares...
Uganda Airlines has turned in a USh102.4 billion ($27.4 million) post-tax loss for its most recent financial year, after falling far short of revenue projections. The Ugandan auditor general has revealed the figure in a newly-released submission to parliament on...
Chinese carriers saw their domestic passenger traffic in February nearly double year on year, although this was just half of traffic figures reported in 2019, before the coronavirus pandemic hit. Chinese carriers saw their domestic passenger traffic in February nearly...
Fiji Airways has secured a $65 million liquidity support facility from the Asian Development Bank (ADB). Fiji Airways has secured a $65 million liquidity support facility from the Asian Development Bank (ADB). The flag carrier on 12 March inked a...
Korea Aerospace Industries and Elbit Systems have signed a memorandum of understanding (MOU) to cooperate in unmanned aerial vehicles (UAV), following another MOU with Israel Aerospace Industries (IAI). Korea Aerospace Industries and Elbit Systems have signed a memorandum of understanding...
Singapore Airlines (SIA) plans to steadily expand its network in the coming months, as it sees a gradual recovery stemming from global vaccination campaigns. Singapore Airlines (SIA) plans to steadily expand its network in the coming months, as it sees...
Thailand’s Central Bankruptcy Court has granted low-cost carrier Nok Air a one-month extension to file its rehabilitation plan. Thailand’s Central Bankruptcy Court has granted low-cost carrier Nok Air a one-month extension to file its rehabilitation plan. In a 15 March...
China Aircraft Leasing reported steady operating profit and revenues in 2020, as the key fundamentals supporting its operations for the long term “remain unscathed”, despite a massive hit to its bottom line. China Aircraft Leasing reported steady operating profit and...
Aircraft lessor SkyWorks Leasing is offering 17 LATAM Airlines Group aircraft for auction. Aircraft lessor SkyWorks Leasing is offering 17 LATAM Airlines Group aircraft for auction. The aircraft are currently in storage in Victorville, California, and are being sold on...