Yakutia Ordered to Pay $2.6M to VTK-Avia for SSJ100 Lease Debt

ByAdmin 14/11/202418/11/2024

The Moscow Arbitration Court has issued an order requiring Yakutia Airlines, a Russian carrier, to pay $2.6 million to VTK-Avia as part of a partial settlement in a debt recovery case. The case centers on a 2017 lease agreement for two SSJ100 aircraft, with VTK-Avia seeking compensation for unpaid dues under the lease terms. This ruling marks a significant step in resolving a longstanding financial dispute, with Yakutia being held accountable for fulfilling its contractual obligations.

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Airlines | Flag Carrier | Investor | Management

Lufthansa Shareholder Klaus-Michael Kuhne Criticizes Quality Decline

ByAdmin 18/11/202419/11/2024

Klaus-Michael Kuhne, a significant shareholder of Lufthansa Group, has publicly voiced concerns about a perceived decline in service quality at Lufthansa and its subsidiary, SWISS. In his statement, Kuhne highlighted dissatisfaction with operational standards and hinted at plans to exert greater influence on the airline’s management to address these issues.

Airbus | Airlines | Network

Israir to Launch Tel Aviv-Milan Bergamo Service

ByAdmin 26/11/202427/11/2024

Israir Airlines, a prominent Israeli carrier, has announced plans to launch a new route connecting Tel Aviv to Milan Bergamo Airport. The service is set to commence on 11 January 2025 and will be operated using the Airbus A320.

Isla Air Express Receives DHC6-300 Operated by Mediterranean Coastal Airlines

ByAdmin 08/11/202412/11/2024

Isla Air Express, based in Spain, recently took delivery of a DHC6-300, serial number 557, operated by Mediterranean Coastal Airlines (Malta) and powered by PT6A-27 engines. This aircraft, known for its versatility and reliability, is expected to support Isla Air Express’s regional service offerings, catering to high-demand routes with short airstrips.

Pakistan Receives Single Bid for PIA Stake in Privatization Push

ByAdmin 30/10/202401/11/2024

Pakistan’s government, in its bid to privatize Pakistan International Airlines (PIA), received only one bid from a shortlist of six potential bidders. Blue World City, a major real estate consortium with diversified interests, has emerged as the sole bidder for a 60% stake in PIA. This privatization aligns with Prime Minister Shehbaz Sharif‘s commitments to…

Airlines | Embraer | Fleet

Star Air Plans 25-Aircraft Fleet with New E175s by 2027

ByAdmin 05/11/202407/11/2024

Star Air, a regional airline based in India, has set an ambitious goal to expand its fleet to 25 aircraft over the next 36 months. This strategic plan includes the addition of Embraer E175 aircraft, with two new E175s expected by March 2025. The airline’s fleet growth will continue with four more E175s scheduled for…

Airlines | Crisis | Lay Off

Air Transat to Temporarily Lay Off 400 Flight Attendants, Plans Rehire

ByAdmin 28/10/202430/10/2024

Air Transat, the Canadian airline known for its leisure and vacation travel services, has announced a temporary layoff of up to 400 flight attendants, effective November 1, 2024.

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