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Pakistan warns PIA's $2.32bn debt pile as carrier pursues restructuring

Pakistan has raised alarm over Pakistan International Airlines' $2.32bn debt pile as the national carrier explores a restructuring to address mounting liabilities. Officials say the move seeks to stabilise PIA's finances and could have material implications for creditors and ongoing operations.

2026-01-12T18:52:26.797900-08:00

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GOL receives valuation ahead of proposed stock‑market exit

2026-01-12T13:13:21.297494-08:00

FlightGlobal

Eastern Airways administrators pursue Air Kilroe sale to enable partial restart

2026-01-12T04:52:50.052411-08:00

FlightGlobal

Evraz Avia Servis (led by ex-Red Wings CEO) acquires Volga‑Dnepr‑Moscow, AirBridgeCargo and majority of Atran

2026-01-12T04:46:35.956906-08:00

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Pakistan warns PIA's $2.32bn debt pile as carrier pursues restructuring Pakistan has raised alarm over Pakistan International Airlines' $2.32bn debt pile as the national carrier explores a restructuring to address mounting liabilities. Officials say the move seeks to stabilise PIA's finances and could have material implications for creditors and ongoing operations.

2026-01-12T18:52:26.797900-08:00

Pakistan warns PIA's $2.32bn debt pile as carrier pursues restructuring

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GOL receives valuation ahead of proposed stock‑market exit Brazilian carrier GOL has received a formal valuation as it advances plans for a proposed exit from the stock market. The appraisal is a preparatory step ahead of potential delisting and will inform shareholder negotiations, deal structuring and the airline's capital‑strategy options.

2026-01-12T13:13:21.297494-08:00

GOL receives valuation ahead of proposed stock‑market exit

FlightGlobal

Eastern Airways administrators pursue Air Kilroe sale to enable partial restart Administrators handling Eastern Airways' collapse are pursuing a sale of sister company Air Kilroe, which holds the carrier's fleet and UK AOC, to preserve parts of the business. A sale could enable a partial restart and shape recoveries for creditors, with bidder interest still emerging.

2026-01-12T04:52:50.052411-08:00

Eastern Airways administrators pursue Air Kilroe sale to enable partial restart

FlightGlobal

Evraz Avia Servis (led by ex-Red Wings CEO) acquires Volga‑Dnepr‑Moscow, AirBridgeCargo and majority of Atran Russia’s state register of legal entities shows Evraz Avia Servis, led by the former Red Wings CEO, has acquired three divisions of Volga‑Dnepr Group — Volga‑Dnepr‑Moscow, AirBridgeCargo and a majority stake in Atran — and records the corresponding corporate participations.

2026-01-12T04:46:35.956906-08:00

Evraz Avia Servis (led by ex-Red Wings CEO) acquires Volga‑Dnepr‑Moscow, AirBridgeCargo and majority of Atran

ch-aviation

Aer Lingus' UK AOC at risk after cuts to Manchester services Aer Lingus risks losing its UK air operator's certificate after announcing cuts to services from Manchester, a move that could imperil the carrier's operational footprint and staff presence in the UK. The development follows sustained network retrenching at the airport and has regulatory and commercial ramifications.

2026-01-12T02:44:06.017872-08:00

Aer Lingus' UK AOC at risk after cuts to Manchester services

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Estonia weighs liquidation of state lessor Transpordi Varahaldus after sale of final CRJ900ERs Estonia is weighing liquidation of state-owned lessor Transpordi Varahaldus after it sold its last ex-Nordica/ex-Xfly CRJ900ERs. Transpordi Varahaldus disposed of seven CRJ900ERs formerly operated by Regional Jet (an ACMI-focused Nordica unit), leaving the lessor without aircraft and prompting the government review.

2026-01-11T23:55:43.333786-08:00

Estonia weighs liquidation of state lessor Transpordi Varahaldus after sale of final CRJ900ERs

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Claims Against Estonia’s Nordica Reach $97m, Stoking Lessors' Insolvency Concerns Claims against Estonia's Nordica have climbed to $97 million, prompting concerns among lessors and creditors about leasing exposures and potential insolvency proceedings. The surge in claims intensifies pressure on the airline's financial stability and raises questions for counterparties and possible stakeholder support.

2026-01-11T23:55:42.708110-08:00

Claims Against Estonia’s Nordica Reach $97m, Stoking Lessors' Insolvency Concerns

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Danantara transfers Garuda Indonesia stake to regulator, raising governance and recovery questions Danantara has transferred its stake in Garuda Indonesia to the country's aviation regulator, a move that centralises oversight of the carrier's ownership. The transfer intensifies scrutiny of governance and complicates the airline's ongoing recovery and restructuring prospects. It raises questions for creditors, investors and the regulator over next steps.

2026-01-11T16:55:54.748950-08:00

Danantara transfers Garuda Indonesia stake to regulator, raising governance and recovery questions

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Aircraft Demand: Airline Distress & Consolidation News

Pakistan warns PIA's $2.32bn debt pile as carrier pursues restructuring

GOL receives valuation ahead of proposed stock‑market exit

Eastern Airways administrators pursue Air Kilroe sale to enable partial restart

Evraz Avia Servis (led by ex-Red Wings CEO) acquires Volga‑Dnepr‑Moscow, AirBridgeCargo and majority of Atran

News Timeline