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• Dirk Andrei Salcedo
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.
Aircraft Demand: Airline Distress & Consolidation
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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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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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Icelandair has completed its acquisition of a 49% stake in Fly Play Europe Holdco after meeting all conditions of the deal announced Aug. 20. The Maltese company’s subsidiary holds an air operator certificate; the business was formerly part of the now-insolvent Icelandic low-cost carrier PLAY.
Wizz Air is in talks with airports across Europe about taking over slots held by airlines at risk of bankruptcy, chief corporate officer Owain Jones told Reuters. The low-cost carrier is seeking expansion opportunities as financial pressure mounts across the airline sector.
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Wander admitted to a scheme to defraud lenders and investors, with prosecutors alleging 777 Partners used bogus collateral and doctored bank records to obtain financing. The firm backed Canada’s Flair Airlines and Australia’s failed Bonza, and prosecutors linked borrowed funds to deposits on Boeing aircraft for the carriers.
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