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SpiceJet Warrant Conversion Rejected by Indian Regulator

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SpiceJet has encountered a regulatory setback as India’s capital market regulator declined a request by the Elara India Opportunities Fund (Mauritius) to convert warrants worth over US$46.8 million into equity shares. The Securities and Exchange Board of India (SEBI) cited non-compliance with beneficial ownership disclosure requirements as the basis for its decision.

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Parata Air (South Korea) has commenced its repayment process to Yangyang County, issuing an initial $68,700 payment as part of a $1.3 million financial support settlement. The repayment is part of a court-approved rehabilitation plan following the financial restructuring of Fly Gangwon.

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Norse Atlantic Airways to Operate Winter Flights from UK to Caribbean for P&O Cruises

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Norse Atlantic Airways, Norway’s low-cost long-haul airline, has announced it will operate weekly Boeing 787 flights from Manchester to Barbados as well as additional flights from London Gatwick and Manchester to Antigua and Barbados during the winter season. These flights, scheduled between November 2024 and March 2025, are being operated on behalf of P&O Cruises,…

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Air Canada Enhances Fleet with New B737-8 Delivery

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Air Canada, one of the leading airlines in North America, has recently enhanced its fleet with the acquisition of a new Boeing 737-8 aircraft. This jet, which bears the serial number 66478, is powered by LEAP-1B27 engines, known for their fuel efficiency and reduced environmental impact.

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IndiGo Wet Leases Four A320s from Freebird Airlines

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IndiGo (India) has entered into a wet lease agreement with Freebird Airlines (Turkiye) for four Airbus A320 aircraft. The aircraft, identified by serial numbers 4658, 3514, 3852, and 5906, will bolster IndiGo’s operational capacity during high-demand periods, ensuring the airline can maintain its extensive domestic and international route network.

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Azul Expands Fleet with New Embraer E195-E2 Delivery

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Azul has expanded its fleet with the delivery of a new Embraer E195-E2, serial 19020166, powered by Pratt & Whitney PW1900G engines. This latest addition supports the airline’s strategy to operate more fuel-efficient and environmentally friendly aircraft, optimizing performance on domestic and regional routes.