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Air Vanuatu in Talks for 49% Minority Stake Sale to Boost Operations

ByAdmin

Air Vanuatu, the national airline of Vanuatu, has entered negotiations to sell a 49% minority stake to potential investors, with a focus on revitalizing its financial health and operational reach. The Vanuatu government plans to retain a controlling 51% majority, ensuring national oversight while allowing for strategic investment and expertise from private stakeholders. This move…

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

ByAdmin

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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Riyadh Air Orders 60 Airbus A321neos Ahead of 2025 Launch

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Riyadh Air, Saudi Arabia’s emerging premium airline, has signed a deal to purchase 60 Airbus A321neo aircraft, bolstering its fleet as it prepares for its inaugural flights in 2025. The announcement, made during the 8th Edition of the Future Investment Initiative (FII) in Riyadh, marks the airline’s second major aircraft order and reflects its commitment…

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REGENT Craft to Deliver Monarch Seaglider to United Marine Egypt Shipping

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REGENT Craft, a U.S.-based innovator in maritime transportation, has announced that United Marine Egypt Shipping will be the first customer to receive its Monarch seaglider, a groundbreaking 50-100-passenger craft designed for high-speed, eco-friendly coastal travel. The Monarch seaglider’s delivery is slated for completion before the end of the decade, marking a significant step in the…

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Falko Regional Aircraft Acquires 11 E-Jets from Nordic Aviation Capital

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UK-based Falko Regional Aircraft has completed the acquisition of 11 Embraer E-Jets from Nordic Aviation Capital (NAC) of Ireland. This transaction, part of a sale and purchase agreement initially signed in March 2024, includes E175, E190, and E195 models. These regional jets are currently leased to LOT Polish Airlines, a key operator in Europe’s regional…

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Stratos Sells Four Aircraft in Multiple Transactions

ByAdmin

Aircraft asset manager Stratos has finalized the sale of four aircraft across three separate transactions, enhancing returns for its investors. The sales include two A320 aircraft sold to Avion Express, a 737-300F purchased by a Middle Eastern buyer, and a leased 777-300ER acquired by Altavair-managed investors. The A320s were transferred at lease expiration, while the…

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Potential Revival of Air Belgium as Buyers Plan for Expansion

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Air Belgium, currently in receivership, may soon see a revival with serious interest from 16 potential buyers, as confirmed by Bernard Vanham, the appointed liquidation manager. According to CEO Niky Terzakis, four key candidates are expected to submit offers by November 1, 2024. Among these, three are prominent global airlines operating in both passenger and…