ch-aviation
• Hilka Birns
VietJetAir has been hit with a worldwide asset freeze tied to $250 million in debt, according to a report in Commercial Aviation News. The available article summary provides no further detail on the parties seeking the freeze, its scope or its effect on the airline’s operations.
Aircraft Demand: Airline Distress & Consolidation
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VietJetAir has been hit with a worldwide asset freeze tied to $250 million in debt, according to a report in Commercial Aviation News. The available article summary provides no further detail on the parties seeking the freeze, its scope or its effect on the airline’s operations.
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Chorus Aviation has agreed to acquire Canadian air-ambulance operator SkyCare for about C$40 million (US$28.3 million). The purchase price is subject to customary adjustments and includes contingent consideration.
A court has extended Air Calédonie’s observation period in its court-supervised restructuring by six months, through mid-April 2027. The reprieve gives the New Caledonian carrier additional time under judicial oversight as it works through its restructuring.
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Australia’s corporate regulator fined Lim Kim Hai, Regional Express’ former executive chairman, A$800,000 and barred him from managing companies for four years after he admitted misleading investors about Rex’s 2023 financial performance. He was also ordered to pay part of the regulator’s costs in proceedings against him and three other former directors.
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RTX lifted its full-year 2026 forecasts for adjusted sales, earnings per share and free cash flow after reporting double-digit sales and earnings growth in the third quarter. Strong demand for commercial aerospace services and military programs drove a record $340 billion backlog; Pratt & Whitney’s commercial aftermarket sales rose 21% year over year.
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Ryanair CEO Michael O’Leary says European fares face their biggest increase on record next year, with some estimates putting the rise at up to 20%. Airlines are largely unhedged as fuel costs climb and hedging contracts expire, a squeeze that could also prompt carriers to cut capacity; Ryanair is separately reducing its Belgian operation by 20 routes and six aircraft.
GAMair, based at Melbourne Essendon, has sold its remaining Do 228-200s, ending 21 years of operating the type. The Australian operator announced the fleet’s retirement in a social media post; the available report does not identify the aircraft’s buyer or GAMair’s replacement plans.
Bamboo Airways is facing a sale of collateral valued at $139 million, according to the article headline. The available report provides no further detail on the assets, creditor or timing.
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