The Swedish Competition Authority has decided to cease its investigation into the cooperation agreement between SAS (Scandinavian Airlines) and BRA (Braathens Regional Airlines). The agreement, which had been under regulatory scrutiny, will no longer face legal challenges from the authority.
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.
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.
CemAir, a South African regional carrier, has been directed by the South Gauteng High Court to return equipment leased from Swissport South Africa within five days. The court ruling follows the carrier’s failure to extend its existing leasing contract with Swissport.
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…
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.
The Bureau of Economic Security of Ukraine has seized seven aircraft belonging to Ukraine International Airlines (UIA) in connection with a tax evasion case involving a Cypriot company linked to Ukrainian oligarchs Igor Kolomoisky and Aron Mayberg. The seized assets include three Boeing 737-800s, one Boeing 737-900, and three Embraer E190s, with a combined value of approximately $40 million.
GOL, a leading Brazilian airline, has filed as a debtor seeking court approval to amend and extend the lease agreement for a Boeing 737-800, identified by serial number 36925. The lease, originally with Eos Aviation 4 (Ireland) as the lessor and managed by Merx Aviation Servicing (Ireland), is undergoing changes to better align with GOL’s operational and financial strategies.
Regional Express (Australia), also known as Rex, is set to face legal action initiated by the Australian Securities and Investments Commission (ASIC) over allegations of making an inaccurate claim regarding its fiscal 2023 financial outlook. The case arises from a public statement by Rex forecasting a positive fiscal outlook for 2023, which ASIC claims was inaccurate or potentially misleading….
Flair Airlines (Canada) is facing heightened scrutiny as its Chief Financial Officer, Sumanth Rao, has been charged with involuntary manslaughter. The charges stem from a tragic incident involving a fatal car crash. According to reports, the crash involved an underage driver who had been drinking at a gathering hosted at Rao’s Atlanta-area home.
