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Paddle Your Own Kanoo • Mateusz Maszczynski

777 Partners co-founder pleads guilty to wire and securities fraud

A co-founder of 777 Partners pleaded guilty to wire and securities fraud, after prosecutors alleged the private equity firm lacked the funds it claimed were available for investments in airlines and sports teams. The firm was behind two low-cost airlines, making the case relevant to its aviation investments and their financial backing.

2026-10-16T07:16:28.125989-07:00

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777 Partners co-founder pleads guilty to wire and securities fraud

A co-founder of 777 Partners pleaded guilty to wire and securities fraud, after prosecutors alleged the private equity firm lacked the funds it claimed were available for investments in airlines and sports teams. The firm was behind two low-cost airlines, making the case relevant to its aviation investments and their financial backing.

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Egypt’s flyplus adds Jazeera Airways A320-200 on wet lease

Egyptian carrier flyplus has added another Airbus A320-200 on wet lease from Kuwait’s Jazeera Airways. Aircraft 9K-CAO, manufacturer serial number 6124, entered service on Oct. 1, 2026, adding capacity without flyplus taking the aircraft onto its own operating certificate or fleet ownership.

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Abra moves to bring Avianca, Gol and Sky Airline networks under one umbrella, targeting Rio growth

Latin American airline group Abra is working to bring the networks of Avianca, Gol and Sky Airline together as a consolidated offering takes shape, while targeting growth in Rio de Janeiro. The reported strategy points to deeper coordination across the group’s airline portfolio and expanded regional connectivity.

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South African Airways faces High Court challenge over CEO recruitment

Suspended acting chief executive Matshela Seshibe has brought an urgent High Court challenge seeking to be considered for South African Airways’ permanent group CEO position. The case puts the airline’s leadership selection process under legal scrutiny as it works to fill its top executive role.

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