AirAsia Aviation Group, based in Malaysia, is exploring the establishment of a new airline unit in Vietnam as part of its ambitious multi-hub strategy for Southeast Asia. This move highlights AirAsia’s commitment to expanding its footprint in the region and capitalizing on the growing demand for air travel in Vietnam.
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Cambodia Airways has adjusted its upcoming initial public offering (IPO), increasing the proposed deal size to $45 million.
Indian low-cost carrier SpiceJet has resolved its longstanding dispute with Shannon Engine Support (SES), an Ireland-based engine leasing company, through a settlement agreement valued at $2 million.
Spirit Airlines, a prominent U.S.-based carrier, has announced a restructuring support agreement (RSA) as part of a comprehensive plan to strengthen its balance sheet and streamline operations. The agreement has received backing from a supermajority of Spirit’s loyalty and convertible bondholders, paving the way for significant financial restructuring.
The Portuguese Court of Auditors has identified non-compliance by Portugalia Airlines concerning the requirement for prior inspection on two amendments to an ACMI (Aircraft, Crew, Maintenance, and Insurance) contract. The Court determined that Portugalia, a subsidiary of TAP Air Portugal, neglected to follow procedural compliance by omitting required inspections before implementing contract modifications. Accountability for…
In a move to enhance financial flexibility, Alaska Air Group, through its subsidiary AS Mileage Plan IP, successfully issued $1.25 billion in senior secured notes.
Centrum Air (Uzbekistan) has inaugurated its new route between Tashkent and Guangzhou, with the first flight taking off on 03 November 2024. The service is operated using a modern Airbus A321neo, enhancing the airline’s capabilities for medium-haul routes.
