Chorus Aviation has announced that its Class A Variable Voting Shareholders and Class B Voting Shareholders have approved a special resolution authorizing a share consolidation plan. The company’s Board of Directors is now authorized to proceed with the implementation of the consolidation.
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Fitch Ratings, a leading credit rating agency, has downgraded Spirit Airlines’ (US) Long-Term Issuer Default Rating (IDR) to ‘D’ from ‘CC’, indicating default status. The downgrade reflects Spirit Airlines’ financial challenges following its Chapter 11 bankruptcy filing.
TP Aerospace, a Denmark-based wheel and brake specialist, has entered into a new Land For Less Program agreement with SolitAir, an airline based in the United Arab Emirates. The deal covers support for SolitAir’s current and expanding fleet of Boeing 737NG aircraft, reinforcing TP Aerospace’s growing presence in the Middle East market.
Capital A, the parent company of AirAsia, is aiming to complete its Proposed Regularization and Restructuring Planby June 2025, marking a pivotal step in its post-pandemic recovery roadmap. The plan includes major financial and operational restructuring, with significant implications for the group’s airline subsidiaries and broader aviation assets.
Lulutai Airlines (Tonga) has officially submitted a request for a government subsidy aimed at accelerating its financial recovery efforts before a potential privatization. The move comes as the airline attempts to stabilize operations and repay existing liabilities, positioning itself as a more viable candidate for a private investor.
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.
Boeing is reportedly exploring the possibility of selling parts of its space division as part of a strategic evaluation of its portfolio, according to industry sources.
