Bloomberg
• Kate Duffy
Wizz Air carried 46.1 million passengers from April to September, while its fuel bill climbed 33.7%. A €306.3 million net profit in the second quarter more than offset its first-quarter loss, lifting first-half earnings despite disruption in the Middle East and pressure from fuel costs.
Aircraft Demand: Airline Distress & Consolidation
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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 to September, while its fuel bill climbed 33.7%. A €306.3 million net profit in the second quarter more than offset its first-quarter loss, lifting first-half earnings despite disruption in the Middle East and pressure from fuel costs.
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.
Spanish charter operator Alba Star has temporarily halted flights amid a liquidity squeeze and is preparing to file for insolvency after sale talks failed to produce a deal. Romania’s Dan Air has also entered insolvency and plans to restructure, according to the available report.
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