Thai Airways is facing further delays in its ongoing business rehabilitation process as creditors who sought to revoke the resolution to amend the rehabilitation plan encountered a setback. The Central Bankruptcy Court has postponed their hearing to 21 January 2025, granting creditors additional time to prepare the necessary documentation.
Spirit Airlines, a prominent ultra-low-cost carrier in the United States, has announced that it still expects shareholders will be wiped out as the airline progresses with its restructuring deal. The plan includes transferring control of the airline to its bondholders, marking a significant shift in its ownership structure.
Kamaka Air, a regional cargo operator based in the United States, experienced a tragic incident involving one of its Cessna Caravan aircraft near Honolulu Airport. The crash resulted in the confirmation of two fatalities, marking a somber moment for the airline and the community.
Bahamasair, the national carrier of The Bahamas, is working to resolve supply chain delays impacting the servicing of its ATR fleet. The airline expects one of its three grounded ATRs to return to service this week, with the remaining two anticipated to be operational by early 2025. These delays are attributed to challenges in securing necessary parts and completing engine work.
Utair, a Russian airline, has been added to the updated sanctions list of the European Union (EU), following accusations of its role as a “contractor for the Russian Ministry of Defense”. The decision reflects the EU’s ongoing measures to impose restrictions on entities linked to Russia’s defense activities.
Qantas Airways, Australia’s flagship carrier, has reached a settlement with the Transport Workers Union (TWU) to provide $76.2 million in compensation to former ground workers who were dismissed in 2020. The agreement concludes a long-running legal dispute over the controversial outsourcing of ground handling jobs.
Lufthansa, Germany’s flagship carrier, has urged the European Commission to suspend the EU-Qatar air transport agreement, citing concerns over its “radically unequal” terms and serious corruption allegations. The agreement, which liberalizes market access between the EU and Qatar, has come under increased scrutiny in recent months.
The Reykjanes District Court has ruled in favor of Air Berlin’s insolvency administrator in a legal case against Isavia, Iceland’s airport operator. The decision allows the administrator to confiscate assets worth over $1.1 million, stemming from a dispute over an aircraft impounded at Keflavík Airport in 2017. The ruling represents a significant victory for Air Berlin’s creditors, as the funds recovered will contribute to…
The liquidation process for Jet Airways (India) is gaining momentum, with auctioned planes potentially being transferred to the Challenge Group, based in Malta. This development reflects a positive approach from both the lendersand the liquidator, who are working towards a resolution that maximizes asset recovery.
Josef Gostner, the chief executive of Sky Alps, an Italian regional airline, is currently under investigation by the public prosecutor’s office. The probe is part of a broader inquiry into alleged crimes against public administration in the Trentino-South Tyrol region aimed at enforcing economic interests.
