Fly Modern Ark (FMA), a South African aviation services provider, has expressed its full cooperation with the forensic audit of LAM Mozambique Airlines’ financial accounts, a process initiated amid growing scrutiny of the state-owned carrier’s governance. At the same time, FMA has been forced to initiate legal proceedings to recover outstanding payments for services rendered to the Mozambican airline.
Air Moana, based in French Polynesia, has recently been confirmed to receive State support totaling US$5.4 million. This financial assistance aims to bolster the airline’s operations amid ongoing economic challenges. However, the decision has sparked significant controversy, particularly with Air Tahiti, another major carrier in the region.
SpiceJet is once again under legal scrutiny as it faces fresh insolvency proceedings initiated by BBN Airlines Indonesia. The dispute centers on unpaid lease rentals amounting to US$5.9 million, marking another financial challenge for the Indian low-cost carrier.
FlySafair, one of South Africa’s leading low-cost carriers, is confronting potential grounding following a ruling by the Air Services Licensing Council (ASLC). The council determined that the airline’s shareholding structure violates South African ownership laws, sparking a significant legal and operational challenge for the carrier.
Regional Express (Australia), also known as Rex, is set to face legal action initiated by the Australian Securities and Investments Commission (ASIC) over allegations of making an inaccurate claim regarding its fiscal 2023 financial outlook. The case arises from a public statement by Rex forecasting a positive fiscal outlook for 2023, which ASIC claims was inaccurate or potentially misleading….
Uganda Airlines has been issued a 48-hour ultimatum by MixJet Flight Support, a UAE-based fuel contractor, to settle a portion of its outstanding fuel debt. MixJet demands that Uganda Airlines pay at least $6 million of the $10 million owed; otherwise, the contractor intends to initiate legal proceedings. The ultimatum underscores the financial strain facing Uganda Airlines, which is now at risk of…
