Thai Airways Rehabilitation Plan Hearing Postponed

ByAdmin 18/12/202418/12/2024

Thai Airways is facing further delays in its ongoing business rehabilitation process as creditors who sought to revoke the resolution to amend the rehabilitation plan encountered a setback. The Central Bankruptcy Court has postponed their hearing to 21 January 2025, granting creditors additional time to prepare the necessary documentation.

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Airlines | Cargo | Certification

Uniworld Air Cargo Seeks US DOT Exemption

ByAdmin 18/12/202418/12/2024

Uniworld Air Cargo, based in Panama, has submitted an application to the US Department of Transportation (DOT)seeking an exemption to engage in charter foreign air transportation of property and mail. The request leverages the provisions of the Open Skies Agreement between the United States and Panama.

Airlines | Flag Carrier | Sale

Lufthansa Nears Finalization of ITA Airways Acquisition Deal

ByAdmin 12/11/202414/11/2024

Lufthansa, Germany’s flagship carrier, has made substantial progress in its planned acquisition of ITA Airways after resolving key pricing issues with the Italian government. The two parties have worked through differences over the valuation of ITA Airways, allowing Lufthansa to move closer to finalizing the takeover deal. This acquisition marks a significant step for Lufthansa, as it seeks…

Airlines | Traffic

IAG Considers Future Asia Routes for Level, Pending Market Conditions

ByAdmin 10/11/202413/11/2024

IAG (International Airlines Group), based in the UK, has indicated that its low-cost subsidiary Level, headquartered in Spain, could consider launching flights to Asia in the future. However, according to IAG, the current market conditions are not suitable for such an expansion. While IAG has not ruled out the possibility, it has emphasized that the decision will depend on improvements…

Airlines | Low Cost Carrier | Traffic

Norse Atlantic Airways Sees 94% Passenger Growth in November 2024

ByAdmin 08/12/202410/12/2024

Norse Atlantic Airways (Norway) has reported remarkable growth in its operational metrics for November 2024, signaling strong demand and improved efficiency. The airline recorded a 94% increase in passenger numbers, reaching 94,612, compared to the same month in 2023.

Airlines | Corporation | Financial

Air Europa Forecasts $3 Billion Turnover in 2024

ByAdmin 16/12/202417/12/2024

Air Europa Holdings, a leading Spanish carrier, anticipates closing 2024 with a turnover of nearly $3 billion, reflecting a 6.3% year-on-year increase. The growth comes as the airline focuses on reducing its leverage while continuing to expand and modernize its fleet. As part of its fleet expansion strategy, Air Europa plans to add three Boeing 787 Dreamliners and its first Boeing 737…

Airlines | Legal

Chrono Aviation Secures CCAA Protection to Restructure Debts Amid Legal Dispute

ByAdmin 28/10/202430/10/2024

Chrono Aviation, a Canadian charter airline, has been granted protection under the Companies’ Creditors Arrangement Act (CCAA) by the Superior Court of Quebec, a move that allows the company to restructure its debts and explore options for financial recovery.

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