Switzerland and the European Union (EU) have reached a landmark agreement in the aviation sector, allowing Swiss airlines to operate domestic routes within the EU. This historic arrangement strengthens the aviation ties between Switzerland and EU member states, fostering enhanced connectivity and competition.
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AerCap, the world’s largest aircraft lessor, has been awarded over $1 billion by a UK High Court ruling, which found that insurers are obligated to cover losses related to aircraft stranded in Russia. The case stemmed from the aftermath of sanctions and countermeasures that left hundreds of leased aircraft unable to be repossessed by Western lessors following the invasion of…
Tunisair, Tunisia’s national carrier, is set to benefit from a government-initiated rescue plan, aimed at addressing the airline’s financial and operational challenges. A key focus of the plan is fleet renewal, as several aircraft in Tunisair’s current fleet are projected to reach the end of their operational life between 2029 and 2030.
In a significant move to boost its aviation industry, Nigeria has entered into a Public Private Partnership (PPP) with an undisclosed private firm to establish a Maintenance, Repair, and Overhaul (MRO) facility for aircraft. This development marks an important step for Nigeria’s aviation sector, providing local access to advanced maintenance services and reducing dependency on foreign MRO providers. The new facility…
Josef Gostner, the chief executive of Sky Alps, an Italian regional airline, is currently under investigation by the public prosecutor’s office. The probe is part of a broader inquiry into alleged crimes against public administration in the Trentino-South Tyrol region aimed at enforcing economic interests.
Serene Air, a Pakistan-based airline, has reportedly been warned by the Pakistan Civil Aviation Authority (PCAA) to return four of its grounded aircraft to operational status. The PCAA’s warning indicates that failure to comply could result in “serious sanctions” against the airline, potentially impacting its license or operational capabilities. However, Serene Air has denied receiving any official…
Aero Contractors (Nigeria) CEO Ado Sanusi has urged the Federal Government to reverse the current high interest rates affecting businesses in the country. Sanusi emphasized that a reduction in interest rates is crucial for Nigerian airlines to fully benefit from the Cape Town Convention protocol, which aims to facilitate asset-based financing and leasing for aircraft.
