Tunisair, the national airline of Tunisia, is undergoing a major governance shakeup as the government dismissed chairman Habib Mekki and implemented leadership changes across the organization. The move comes in response to persistent issues including corruption allegations, flight disruptions, and declining operational performance, prompting closer state monitoring of the airline.
Thai Airways International is reportedly evaluating a major fleet expansion plan that could include the purchase of up to 80 Boeing aircraft, contingent upon the finalization of a tariff agreement between Thailand and the United States. This potential deal signals a significant pivot in Thai Airways’ long-term strategy, as it seeks to modernize its fleet and boost operational…
TAP SGPS, the Portuguese airline group, is facing potential legal enforcement action after failing to repay $177 million owed to Azul Linhas Aéreas Brasileiras (Brazil). The debt relates to bonds issued in 2016 that were subscribed by Azul as part of a strategic investment agreement. TAP’s failure to meet the repayment deadline has now shifted control of the matter to the common representative of…
SriLankan Airlines has engaged Lazard Freres (France) as its financial adviser and Norton Rose Fulbright (UK) as its legal adviser to navigate a complex restructuring of its 2024 bonds, valued at approximately $209 million. The move comes amid mounting financial strain on the national carrier, which has struggled with ongoing losses and rising debt obligations.
SKY Airline, a prominent low-cost carrier in Chile, is currently engaged in negotiations with bondholder Abra Group (UK) concerning its $100 million bond, which matures in Q4 2026. The bond includes a conversion option, allowing Abra to turn the debt into a 40% ownership stake in SKY. These talks could have major implications for the airline’s future ownership structure and financial independence.
Garuda Indonesia, the national carrier of Indonesia, has taken decisive steps toward financial recovery and long-term growth by approving the next phase of its restructuring plan, which includes a board reshuffle aimed at expediting strategic execution. Shareholders have endorsed this critical step to improve governance and enhance the airline’s competitiveness as it works to stabilize its balance sheet and…
Afriqiyah Airways, the state-owned Libyan carrier, is facing mounting pressure as unions issued a stark warning about the company’s viability, citing mismanagement and gross financial violations as key threats to its continued operations. The unions have appealed to government authorities for immediate intervention, fearing the airline may soon collapse without corrective action.
GMR Aero Technic, one of India’s prominent MRO providers, has secured a three-year base maintenance agreementwith Akasa Air, a fast-growing Indian low-cost carrier. The agreement covers maintenance services for Akasa’s expanding B737 MAX fleet, reinforcing the airline’s commitment to operational reliability and GMR Aero Technic’s positioning as a preferred maintenance partner in the region.
Uganda Airlines is set to receive additional government funding in the 2025/26 fiscal year to support its ongoing growth and development plans. This funding initiative comes on the heels of the airline’s improved financial performance, having reported a notable increase in revenue to $89.4 million during the 2023/24 fiscal year. The injection of capital is aimed at enabling the national carrier…
Libyan Airlines, the state-owned flag carrier of Libya, has issued a public statement refuting recent bankruptcy rumors, affirming that the airline remains operational. While the carrier acknowledges facing significant financial and technical challenges, it has confirmed that services continue and that government support is being actively pursued to stabilize operations.
