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Iraq PM Orders Expedited Probe into Iraqi Airways Contract Violations

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Iraq’s Prime Minister, Mohammed Al-Sudani, has taken decisive action by directing regulators to expedite investigations into documented violations concerning the awarding and execution of contracts tied to Iraqi Airwaysoperations and associated services. This directive underscores the government’s commitment to ensuring accountability and transparency in public-sector dealings.

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Kyrgyzstan Introduces Moratorium on Airline Certification to Enhance Aviation Standards

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In a move to elevate aviation standards, Kyrgyz President Sadyr Japarov has signed a decree introducing a moratorium on the registration and issuance of operator certificates for new airlines. This decision aims to strengthen Kyrgyzstan’s national aviation system, bringing it in line with international safety and operational requirements. By temporarily halting new certifications, the government…

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Yakutia Ordered to Pay $2.6M to VTK-Avia for SSJ100 Lease Debt

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The Moscow Arbitration Court has issued an order requiring Yakutia Airlines, a Russian carrier, to pay $2.6 million to VTK-Avia as part of a partial settlement in a debt recovery case. The case centers on a 2017 lease agreement for two SSJ100 aircraft, with VTK-Avia seeking compensation for unpaid dues under the lease terms. This ruling marks a significant step in resolving a longstanding financial dispute, with…

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Brazil to Launch $690M Credit Line for Airlines in 2025

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Brazil is preparing to establish a $690 million credit line by early 2025 to assist financially struggling airlines, according to Ports and Airports Minister Silvio Costa Filho. This government-backed funding initiative aims to stabilize Brazil’s aviation sector, providing crucial financial relief for airlines facing economic challenges due to fluctuating demand and increased operational costs. The initiative is expected to bolster…

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Argentina’s CAA Auctions Three Ex-Austral MD80s for $45M

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Argentina’s Civil Aviation Authority (CAA) has initiated the auction of three ex-Austral MD80 aircraft currently in storage. The aircraft include two MD83s, with serial numbers 53117 and 49906, and one MD88, serial 53049. The combined value of the auction is estimated at US$45 million.