FlightGlobal
• David Kaminski-Morrow
Norse Atlantic is seeking ACMI placements, sale or merger opportunities for up to five Boeing 787-9s returning from IndiGo after the partnership ended. The Norwegian carrier reported $132 million in second-quarter revenue but negative $8.4 million EBITDAR, citing fuel costs and lower fleet utilization.
Aircraft Demand: Airline Distress & Consolidation
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Former bidders for Asiana Airlines are disputing the breakdown of an attempted takeover, underscoring continued uncertainty around the carrier’s ownership and restructuring prospects. The available reporting does not provide further detail on the parties’ claims or the consequences for Asiana’s operations.
Norse Atlantic says it has received strong interest in a possible takeover following a disappointing second quarter. The Scandinavian carrier expects a decision within a month on how to reallocate Boeing 787s returned by IndiGo after the termination of their leases.
High activity
Norse Atlantic is seeking ACMI placements, sale or merger opportunities for up to five Boeing 787-9s returning from IndiGo after the partnership ended. The Norwegian carrier reported $132 million in second-quarter revenue but negative $8.4 million EBITDAR, citing fuel costs and lower fleet utilization.
High activity
A bankruptcy court has delayed approval of Google’s proposed $10 million purchase of Spirit Airlines’ deidentified corporate data, including emails, chats and internal documents, for AI training. Former flight attendants and their union argue the sale could expose employee records, while Google says identifying information will be removed; passenger and loyalty-program data are excluded.
Kenya’s National Treasury says it aims to finalize a strategic partnership for Kenya Airways by December 2026, seeking to recapitalize the flag carrier and reduce its reliance on government support. The timetable gives potential investors and policymakers a defined horizon for resolving the airline’s financial dependence on the state.
High activity
An Indian court will rehear bankruptcy petitions filed by aircraft lessors against cash-strapped SpiceJet before a new bench, after the airline reached a last-minute settlement with one lessor. The ruling delays proceedings and resets a closely watched test of lessors’ remedies against distressed airlines in India.
Argentina’s Flybondi has reportedly gone 12 consecutive days without operating flights, while an investor dispute and frozen funds over tax debts paralyze operational decision-making. The low-cost carrier is also considering a potential insolvency proceeding, with its website reportedly returning a 504 error.
Peru’s competition watchdog has approved Abra Group’s acquisition of control of SKY Airline following a second-phase review, subject to limits on exclusivity. The transaction brings the Chilean low-cost carrier into the group that includes Avianca, expanding Abra’s position in Latin American aviation.
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