ch-aviation
• Dirk Andrei Salcedo
Deputy Prime Minister and Finance Minister Johnny Koanapo told parliament on Nov. 9 that Air Vanuatu should stop relying on government financial assistance as it restructures, according to the Vanuatu Daily Post. The statement signals pressure to make the carrier financially self-sustaining, though the report provides no timeline or details of the restructuring.
Aircraft Demand: Airline Distress & Consolidation
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Deputy Prime Minister and Finance Minister Johnny Koanapo told parliament on Nov. 9 that Air Vanuatu should stop relying on government financial assistance as it restructures, according to the Vanuatu Daily Post. The statement signals pressure to make the carrier financially self-sustaining, though the report provides no timeline or details of the restructuring.
A group of investors argues that SAS AB’s bankruptcy did not extinguish a 40-year-old bond, potentially leaving the Scandinavian airline with an unforeseen liability. The dispute raises questions about the treatment of legacy debt as the carrier emerges from bankruptcy proceedings.
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Wizz Air carried 46.1 million passengers from April through September, while its fuel bill rose 33.7%. A €306.3 million net profit in the July-to-September quarter offset a first-quarter loss, leaving first-half net profit at €108.1 million. The carrier is looking to capitalize on failures among Romanian airlines.
India’s National Company Law Appellate Tribunal has issued notice to Boeing on an appeal by Jet Airways’ liquidator, who is seeking a refund of $92.12 million in advance payments for aircraft that were never delivered. The appeal challenges the dismissal of the claim; the tribunal has not ruled on its merits.
Malaysia Airlines’ chief says financial assistance for struggling carriers such as AirAsia Group should also be available to other airlines, arguing that support must preserve a level competitive playing field. The comments put the terms of any airline aid in focus as carriers face financial distress.
Brazilian carrier Total Linhas Aéreas is closing bases and furloughing personnel, according to a report in Commercial Aviation News. The available information does not specify which bases are affected, how many employees are involved or what prompted the cuts.
Dublin-based ACMI and charter specialist Fly4 Airlines has successfully petitioned the Irish High Court to be placed into provisional liquidation, according to The Currency. The report provides no further detail on the airline’s operations, liabilities or the court process.
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The Romanian carrier, launched in 2020, has halted all scheduled flights through Dec. 31, 2026, after a Bucharest court approved its request to enter insolvency proceedings. AnimaWings had built its expansion around the Airbus A220 before withdrawing all six aircraft; reports also cite technical problems and rising costs.
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