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Portugalia and TAP’s Former CEO Cited by Portuguese Court of Auditors for Contract Non-Compliance

ByAdmin

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…

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GOAL Aircraft Leasing Appoints New Directors for Asset Management and Sales

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GOAL Aircraft Leasing, a prominent Germany-based aircraft leasing company, has strengthened its leadership team with the recent appointments of Joanne O’Connor as Director of Asset Management and Guilherme Guerra as Director of Sales & Marketing. These strategic additions reflect GOAL’s commitment to enhancing its operational capabilities and fostering growth in the competitive aircraft leasing market.

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El Al Withdraws Bid for 45% Stake in Isracard Due to Deadline Constraints

ByAdmin

El Al, Israel’s flagship airline, has officially withdrawn its bid to acquire a 45% stake in Isracard, the country’s largest credit card company, citing challenges in meeting the regulatory and acquisition requirements before the October 31, 2024, deadline. This retraction marks a strategic shift for El Al, which had initially sought the acquisition to diversify…

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COMAC Expands with New Offices in Hong Kong and Singapore

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China’s Commercial Aircraft Corporation (COMAC) has opened an office in Hong Kong, its second international location established this week, following the launch of a Singapore office. This expansion marks a strategic step for COMAC, the developer of China’s ARJ21 and C919 commercial aircraft, as it aims to increase its footprint in key global markets and…

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Cebu Pacific Increases Stake in 1Aviation Groundhandling to 60%

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Cebu Pacific, the Philippines’ largest low-cost airline, has increased its ownership stake in 1Aviation Groundhandling Services from 40% to 60%, establishing a majority position in the company. The stake increase was achieved through a debt-to-equity conversion, allowing Cebu Pacific to deepen its influence over ground handling operations, which are essential to the airline’s service efficiency…

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Boeing and IAM Union Resume Contract Talks with Assistance from US Labor Secretary

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Boeing and the International Association of Machinists and Aerospace Workers (IAM) have reconvened for contract negotiations following the union’s rejection of an improved contract offer last week. This latest meeting was facilitated by Acting US Labor Secretary Julie Su, who joined the session to help guide productive discussions between the planemaker and union representatives. This…

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Asiana Airlines Pilots’ Union Files Injunction to Halt Asiana Cargo Sale

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The pilots’ union at South Korea’s Asiana Airlines has filed an injunction to prevent the sale of Asiana Cargo to fellow South Korean carrier Air Incheon. The union argues that the sale process involved improper exercise of voting rights, raising concerns about procedural fairness and transparency in the decision-making process. This legal challenge underscores the…

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Air Tahiti Nui Seeks New Shareholder or Partner for Turnaround Strategy

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Air Tahiti Nui is exploring new partnership opportunities to strengthen its financial position and support a company-wide turnaround strategy. CEO Moetai Brotherson is actively seeking either a shareholder or strategic partner, with advanced negotiations currently underway with one party that could potentially provide aircraft and capital investment. This strategic search comes at a critical time,…

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XEJet Plans FBO and Maintenance Facility in Abuja for Expanding Services

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Nigerian aviation company XEJet has announced plans to construct a Fixed-Base Operator (FBO) and maintenance facility in Abuja, following recent regulatory approvals that allow the company to provide aircraft maintenance services. This development is set to expand Nigeria’s aviation infrastructure, offering local maintenance solutions that enhance operational efficiency for regional carriers. XEJet’s sister company, XEJet…

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SAMCO Extends Maintenance Contract with CityJet for CRJ Fleet

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SAMCO Aircraft Maintenance has signed a four-year contract extension with CityJet, an Ireland-based wet-lease airline, to provide comprehensive maintenance services for CityJet’s CRJ 900 and CRJ 1000 fleet operating throughout Europe. This extended agreement covers all line maintenance needs, including regular hangar maintenance visits, which will be conducted from SAMCO’s Scandinavian Hub in Copenhagen and…