Struggling UK tour group MyTravel is warning bondholders that the UK Civil Aviation Authority could revoke its operating licence by the end of the year if they do not agree to an £800 million ($1.48 billion) debt-for-equity swap. MyTravel has repeatedly said that it will run out of cash next year if no agreement can be reached.
Source: Airline Business
Restructuring Indian low-cost carrier SpiceJet will add more flights using reactivated De Havilland Canada Dash 8 Q400s after disclosing a settlement to take ownership of 13 of the twin-turboprops.
Royal Brunei Airlines eyes network opportunities in North Asia and India, as it looks to “key regions” for future network growth.
Angolan flag-carrier TAAG has commenced operations from the capital Luanda’s new Agostinho Neto international airport. The airline transferred its domestic Luanda-Cabinda flight to the new hub on 10 November, operating the initial service with a Boeing 737-700 before switching to a De Havilland Dash 8-400. Source: TAAG TAAG ...
