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ch-aviation (EU) 10/23/2020 01:19
The parliament of the Maldives will soon be instructing , the company that manages the archipelagic country’s national airline (Q2, ), to make several amendments to cut costs and expand profitability, the Sun online news site reported on October 20. The parliament passed, with a vote of 54 out of its 87 members, a report on the holding company that had been prepared by the 13-member Committee on State-Owned Enterprises. The report advised amending the company's...
ch-aviation (EU) 10/22/2020 21:53
has started recruiting pilots type rated on the C208B and C208EX variants of the Grand Caravan ahead of its planned launch as a scheduled commuter carrier. While the start-up did not reveal any specific information about its plans, its social media profiles tout inter- and intrastate services "connecting every corner" of India. IndiaOne Air is based out of in Gujarat.
ch-aviation (EU) 10/22/2020 20:44
Most extensive and up to date airline knowledge base: More than 50,000 aircraft, 6,500 airports and 5,000 airlines, access to fleet lists, worldwide airline schedules and route networks, airline management contacts, airline capacity and frequency analysis, airline PSS directory, up to date airline and route network news.
ch-aviation (EU) 10/22/2020 19:36
(MU, ) parent will benefit from a CNY31 billion yuan (USD4.66 billion) cash injection from four state-owned investors as part of an "equity diversification plan," it announced in a statement on October 12. China Life Investment Holding Limited, a subsidiary of China Life Insurance, will feed CNY11 billion (USD1.65 billion) into the state-owned carrier, while public transport specialist Shanghai Jiushi Group will inject another CNY10 billion (USD1.5 billion).
ch-aviation (EU) 10/22/2020 18:27
(PK, ) could raise up to PKR20 billion rupees (USD124 million) through a sukuk, or Islamic bond, with Karachi-based privately-owned BankIslami Pakistan acting as adviser and joint bookrunner, The News International newspaper reported on October 20. The bank’s president and chief executive, Amir Ali, told the daily: "We are coming up with a privately-placed listed sukuk for the aviation industry in addition to Islamic commercial papers and a short-term sukuk."...
ch-aviation (EU) 10/22/2020 08:13
The Government of Vanuatu has agreed to provide an additional VUV200 million vatus (USD1.8 million) to (NF, ) to help the state-owned carrier meet its obligations to (AIB, ) for the planned purchase of four A220s. However, the government also wants to probe the order and trim it down to two units. "This is something that the government wants to establish a Commission of Inquiry to understand why the previous board of Air Vanuatu took such a decision to commit the government of...
ch-aviation (EU) 10/22/2020 04:13
(CX, ) has announced it will cut 5,900 jobs and halt operations at its full-service regional subsidiary (KA, ) with immediate effect. Overall, 8,500 positions will be eliminated, 24% of its normal headcount, including 2,600 roles unfilled due to a covid-era hiring freeze, the company outlined in a stock exchange filing on October 21. -based pilots and cabin crew will also be asked to agree to changes in conditions in their contracts “to...
ch-aviation (EU) 10/21/2020 21:36
(TS, ) will close one of its three bases, at , until further notice, as its flight attendant members drop to 117 for November 2020, down from 355 cabin crew working in August and 2,000 before the covid-19 pandemic, the Canadian Union of Public Employees (CUPE) said in a statement on October 16. The union released the figure for November, which represents a drop of about 94% from the pre-covid figure, after 128 Air Transat flight attendants were notified they would be temporarily...

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