AviaExchange’s Post

Air Belgium Takeover Approved by Nivelles Court - The Nivelles enterprise court has approved the takeover of Air Belgium by Peso Aviation Management (Netherlands) and Air One Holding International (UK). The new ownership marks a significant shift for the Belgian carrier, which will now focus exclusively on cargo operations. The restructuring will also see the workforce reduced from 401 employees to 197, reflecting the streamlined focus on cargo services. - https://lnkd.in/dz9nShK3

Air Belgium Takeover Approved by Nivelles Court - The Nivelles enterprise court has approved the takeover of Air Belgium by Peso Aviation Management (Netherlands) and Air One Holding International (UK). The new ownership marks a significant shift for the Belgian carrier, which will now focus exclusively on cargo operations. The restructuring will also see the workforce reduced from 401 employees to 197, reflecting the streamlined focus on cargo services. - https://lnkd.in/dz9nShK3

Air Serbia Extends Wet Lease of Two E190s from Bulgaria Air - Air Serbia has announced the extension of its wet lease agreement for two Embraer E190 aircraft from Bulgaria Airinto 2025. This decision ensures continued operational flexibility and capacity to meet passenger demand. - https://lnkd.in/dhCiZESn

Turkish Airlines to Launch Freighter Flights to Mexico City - Turkish Airlines is set to launch a weekly freighter service connecting its Istanbul base to Mexico City’s AIFA(Felipe Ángeles International Airport) via a US gateway. The operation is scheduled to begin in January or February 2025, marking an expansion of the airline’s cargo network in the Americas. - https://lnkd.in/dPtEZDbH

Air Serbia Extends Wet Lease of Two E190s from Bulgaria Air - Air Serbia has announced the extension of its wet lease agreement for two Embraer E190 aircraft from Bulgaria Airinto 2025. This decision ensures continued operational flexibility and capacity to meet passenger demand. - https://lnkd.in/dhCiZESn

Air Belgium Expands Fleet with Two Additional B747-400Fs - Air Belgium is set to further expand its cargo operations with the addition of two Boeing 747-400 freighters (B747-400Fs). This move comes following a recent acquisition, underscoring the airline’s commitment to strengthening its cargo capacity and enhancing its operational reach. - https://lnkd.in/d9kcfjSQ

💵 VietJet Faces Setback in UK Legal Battle 🛫 In a recent development that's caught the attention of the aviation industry, VietJet Aviation Joint Stock Company has encountered a significant challenge in the UK courts. The Vietnamese airline found itself on the losing end of a $270 million lawsuit concerning four Airbus aircraft. The case, brought by FitzWalter Aviation Holdings 1 Ltd (FWA), revolved around a complex 'JOLCO' financing structure. FWA sought to recover over $180 million and repossess the aircraft, while VietJet stood its ground, alleging unfair treatment. Although the court ultimately ruled in FWA's favor, the final details are still up in the air. This case serves as a reminder of the intricate world of international aircraft financing and the legal challenges that can arise. What are your thoughts on how airlines can better navigate these complex financial arrangements? Have you encountered similar situations in your industry? Let's discuss! #Aviation #InternationalBusiness #LegalChallenges #AirlineIndustry https://lnkd.in/g2_zb4HB

Norse Atlantic Airways has entered a detailed letter of intent (the "LOI") with a reputable international airline for wet lease agreements ("wet lease") for six aircraft on 22 November 2024, subject to final agreements, mutual corporate approvals and regulatory approvals. The initial contract term could be further extended, subject to regulatory approval, to cover a longer-term period, with an estimated contract value of USD 462 million over that extended term. Pursuant to the LOI, and provided final agreements are executed based on the terms therein, two aircraft are expected to be deployed in February 2025, with an additional four aircraft expected in September 2025. Norse will be entitled to payment for 350 block hours per aircraft each month, with additional payments possible if utilization exceeds 350 hours per month. #Airlines #lease

Weekly Airline News Update ✈️ 1️⃣ Spirit Airlines filed for Chapter 11 bankruptcy on November 18 but assured customers that ticket sales and flight operations will continue without disruptions as it restructures. 2️⃣ Nordica and Xfly halted all operations on November 21 following the bankruptcy of Estonia’s Nordic Aviation Group, marking a significant shift in the country’s aviation landscape. 3️⃣ In the ongoing Korean Air-Asiana Airlines merger, Air Incheon will take over Asiana’s cargo division starting July 2025, while T’way Airlines will take on four of Asiana’s EU passenger routes. Stay informed on the latest aviation industry updates!

Caribbean Airlines to Resume Kingston-Fort Lauderdale Flights in December 2024 - Caribbean Airlines, the flag carrier of Trinidad and Tobago, has announced the resumption of its Kingston (KIN) – Fort Lauderdale (FLL) route starting December 17, 2024. The service will be operated with the airline’s Boeing 737-8aircraft, offering enhanced capacity and efficiency. - https://lnkd.in/dbsvkKfY