| |

SpiceJet Resolves $90.8M Dispute with Export Development Canada

ByAdmin

SpiceJet, an Indian low-cost carrier, has fully resolved a $90.8 million dispute with Export Development Canada (EDC) by paying a reduced amount of $22.5 million. This settlement grants SpiceJet full ownership of 13 Q400 aircraft, which were previously financed by EDC. The agreement marks a significant milestone for SpiceJet as it moves toward strengthening its asset base and ensuring greater control over its fleet.

Please SUBSCRIBE to view the full content.
First month of membership is free!

Similar Posts

| |

Croatia Airlines Forecasts Short-Term Financial Losses Amid Fleet Transition

ByAdmin

Croatia Airlines has warned of negative financial outcomes in the short term, citing challenges associated with its fleet renewal investment cycle. The airline is currently undergoing a major fleet transition, which is expected to improve long-term operational efficiency but will temporarily strain financial performance.

| |

Flair Airlines CFO Faces Manslaughter Charges

ByAdmin

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.

| | |

Fly OYA Takes Delivery of First B777-200ER on Lease from Ghadames Air

ByAdmin

Fly OYA, an airline based in Libya, has taken delivery of its first Boeing 777-200ER aircraft, marking a significant milestone in the carrier’s fleet expansion strategy. The aircraft, with serial number 32889, is leased from Ghadames Air, another Libyan airline, and is powered by GE90-94B engines. This acquisition represents a notable addition to Fly OYA’s fleet, which is focused on enhancing…

|

Etihad and STARLUX Airlines Sign Codeshare Agreement

ByAdmin

Etihad and STARLUX Airlines have announced the signing of a strategic codeshare agreement, marking a significant step to improve passenger connectivity and extend their global network reach. This move allows passengers from both airlines to enjoy greater travel flexibility and access to an expanded range of destinations.

|

PLAY Airlines Reports January 2025 Passenger Numbers and Capacity Adjustments

ByAdmin

In January 2025, PLAY Airlines reported transporting 87,415 passengers, a slight decrease compared to previous months. This decline aligns with an 11% reduction in capacity, resulting from the strategic decision to lease one of its aircraft to GlobalX and to adjust its network to match seasonal demand.