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Capital A Outlines Regularisation Plan In Shareholder Circular

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Capital A, the parent company of AirAsia, has taken a major step forward in its corporate restructuring process by issuing a Circular to Shareholders that outlines its Proposed Regularisation Plan. The plan includes a capital reduction of up to $1.3 billion, which aims to facilitate the company’s exit from Practice Note 17 (PN17) status on the Bursa Malaysia stock exchange.

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Air Busan and Air Seoul Appoint New CEOs

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Air Busan and Air Seoul, two prominent South Korean carriers, have announced key leadership changes with the appointment of new CEOs. Jeong Byeong-seop has been named CEO of Air Busan, while Kim Jung-ho takes on the role of CEO at Air Seoul. These appointments mark significant transitions for both airlines as they navigate an evolving aviation landscape.

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Air Antilles CEO Urges Action Amid Interline Dispute With Corsair and Air France

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Air Antilles, the regional carrier based in Guadeloupe, is facing a major setback in its commercial development efforts as its CEO accuses Corsair and Air France of refusing to sign interline agreements. These agreements are seen as essential to the airline’s strategy to integrate into broader international networks and offer seamless connectivity for passengers.

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Virgin Australia Appoints Dave Emerson as CEO Amid Stock Exchange Relisting Plans

ByAdmin

Virgin Australia has announced that Dave Emerson, currently serving as Chief Commercial Officer (CCO), will step into the role of Chief Executive Officer (CEO). He will succeed Jayne Hrdlicka, who has led the airline since its 2020 restructuring under new ownership. The leadership transition comes as Virgin Australia moves closer to relisting on the Australian Stock Exchange (ASX).

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StandardAero Share Sale by Carlyle Group and GIC Private

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StandardAero, a leading provider in the aerospace maintenance, repair, and overhaul (MRO) industry, has announced that two of its significant stockholders, affiliates of The Carlyle Group (US) and GIC Private (Singapore), intend to offer for sale 30,000,000 shares of the company’s common stock in an underwritten secondary offering.

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AAR Signs Multi-Year Agreement to Supply Chromalloy PMA Parts for CF6-80C2 Engine

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AAR, a US-based aviation services provider, has signed a multi-year agreement with Chromalloy to distribute Parts Manufacturer Approval (PMA) parts for the CF6-80C2 engine. This partnership covers the high pressure turbine Stage 1 and Stage 2 turbine blades, components critical to engine efficiency and durability. The agreement aligns with AAR’s strategy to expand its parts distribution network, providing airlines and maintenance providers with…

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Chorus Aviation Launches $17.5M Share Buyback Program

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Chorus Aviation, based in Canada, has announced its intention to initiate a substantial issuer bid (SIB) through which the company will offer to repurchase up to US$17.5 million worth of its outstanding Class A Variable Voting Sharesand Class B Voting Shares. The move is part of Chorus Aviation’s ongoing capital management strategy aimed at delivering value to shareholders.