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Jet Airways Liquidation May Transfer Aircraft to Challenge Group

The liquidation process for Jet Airways (India) is gaining momentum, with auctioned planes potentially being transferred to the Challenge Group, based in Malta. This development reflects a positive approach from both the lendersand the liquidator, who are working towards a resolution that maximizes asset recovery.

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SkyUp MT to Wet Lease Four Aircraft from Fly2Sky

SkyUp MT (Malta) has announced plans to expand its fleet through a wet lease agreement with Fly2Sky (Bulgaria). The agreement includes two Airbus A321s, identified by serial numbers 1932 and 1960, for operations during winter 2024/25 and summer 2025. These aircraft will join two Airbus A320s, with serial numbers 3055 and 3461, which are already wet-leased from the same carrier.

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KM Malta Airlines Plans $390 Million Capital Increase for Future Part-Privatization

KM Malta Airlines has announced plans to increase its capital to $390 million as part of a strategy to prepare for part-privatization over the next two years. The capital injection is intended to strengthen the airline’s financial position, making it more attractive to potential investors. The Maltese government, which is facilitating this transition, has expressed…