FlightGlobal
• David Kaminski-Morrow
The US Bankruptcy Court for the Southern District of New York has approved airBaltic’s first-day Chapter 11 relief requests, including access to $162 million in financing. The orders allow Latvia’s flag carrier to continue normal operations while pursuing a court-supervised restructuring backed by an investor pool.
Aircraft Finance & Leasing
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Canada is looking to extend 100% immediate expensing to aircraft, with the measure set to take effect Sept. 15, 2026. The proposed tax treatment could affect the timing and economics of aircraft acquisitions by Canadian operators and other eligible purchasers.
ABX Air has entered a long-term ACMI agreement with U.S. freight forwarder Global Aviation Link for one Boeing 767-300F, expanding its contracted freighter activity. The carrier also plans to add an Airbus A330 freighter, according to its announcement.
High activity
BermudAir is entering the dedicated freighter market with a leased Embraer E190F, becoming the aircraft’s first operator in the Americas and its second worldwide. The move expands the Bermuda-based carrier beyond passenger operations while giving Embraer’s passenger-to-freighter program another early customer.
South Korean low-cost carrier Jeju Air plans to raise $73.1 million through a hybrid loan, adding capital through a financing instrument that combines debt and equity-like features. The announcement underscores the carrier’s ongoing focus on strengthening its financial position.
High activity
BermudAir will add an Embraer E190F converted passenger-to-freighter aircraft through a lease with Regional One, becoming the second operator worldwide and the first in the Americas to deploy the type. The freighter arrives as U.S.-Bermuda freight traffic shows favorable conditions, while the airline retains its Embraer fleet ahead of its A220 transition.
High activity
The US Bankruptcy Court for the Southern District of New York has approved airBaltic’s first-day Chapter 11 relief requests, including access to $162 million in financing. The orders allow Latvia’s flag carrier to continue normal operations while pursuing a court-supervised restructuring backed by an investor pool.
India’s National Company Law Tribunal has dismissed Jet Airways liquidator Satish Kumar Gupta’s bid to recover about $92.1 million (₹500 crore) in aircraft advances and pre-delivery payments from Boeing. The tribunal held that the contract dispute requires a full trial, leaving the funds tied to undelivered aircraft unresolved.
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