Canada Jetlines announces that it intends to release first quarter results prior to market open on Monday, May 13, 2024. Management will then conduct a Webcast to provide a business update and discuss the first quarter results in greater detail at 1 pm ET on May 13. News release: https://loom.ly/oEAontE Register for the webcast here: https://loom.ly/IW5k3mM #CanadaJetlines #CJET #Q1
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Canada Jetlines suspends its operations due to cash shortage Canada Jetlines has announced the « temporary » suspension of its operations as of August 15, 2024, with plans to file for creditor protection. This development highlights the ongoing challenges within the Canadian aviation industry , particularly for new market entrants. With the recent bankruptcy of Lynx Air it’s clear that the competitive landscape is proving difficult for emerging vs Air Canada Compared to the US landscape, Air Canada appears as a monopoly within Canada (network, access to financing, alliances, fleet, pricing, Air Transat acquisition) The turbulence faced by these airlines showcases funding shortage in case of turbulence. #Aviation #CanadaJetlines #AirlineIndustry #AviationNews #CanadianAviation #BusinessNews #bankruptcy #canada
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AirBaltic's Financial Roulette: Banking on Government Lifelines AirBaltic's financial struggles are compounded by a troubling realization: the company's management may be banking on government bailouts rather than genuine improvement. Despite mounting losses and debt, there seems to be little incentive for the airline to enact meaningful change. The recent EUR840 million (USD901 million) 14.5% junk-bond issuance raises questions about the company's long-term strategy. With a history of relying on loans to cover existing debts, AirBaltic's approach appears more reactive than proactive. Seems that the airline's management is well aware of the government's tendency to step in and cover debts when necessary. This safety net may have bred complacency, with little impetus for the company to address underlying issues affecting profitability. #mro #aircraftmaintenance #Aviation #Aerospace #AvGeek #PilotLife #Flight #Aircraft #AviationIndustry #AirTravel #AviationNews #Airport #AviationTechnology #AviationJobs #AviationMaintenance #Latvia #CommercialAviation #BusinessAviation #AviationCommunity #AviationSafety #AviationEvents #AviationTraining #AviationManagement #StandardAero #lufthansa #lufthansatechnik #geaerospace #overhaul #koreanair #rollsroyce #CFM56 #Boeing #Airbus #Aircraftengine #Airbaltic
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Recently I had the privilege to be invited by Brigadier Gabrielle Follett to provide some perspective on Virgin Australia’s journey to aviation decarbonisation at the Australian Defence Force, Defence Fuels Symposium in Canberra. As I prepared my presentation, I reflected on the similarities and differences between civil and military aviation. As it turns out, whilst our missions might be different, we are interested in primarily the same outcome: Safe, reliable delivery of on-specification fuel at lowest cost and lowest carbon outcomes. We talk to the same fuel suppliers and the same equipment manufacturers. We fly to the same locations (with some differences), and we (with some differences) pick up the same jet fuel. The conclusion I arrived at was that there were many more similarities than there were differences. As I stare into the challenge of aviation decarbonisation and the opportunity that SAF represents, it's clear that SAF represents far more than another lever for aviation decarbonisation. In the Australian context domestic production of SAF represents resilient supply chains through the availability of an indigenous supply of fuel, job creation, regional development and above all certainty in uncertain times. All these benefits flow back into the economy. One thing we all learnt during COVID was that having a bigger pantry was good but having a veggie patch and some chickens in our backyard was better. In the fuel context, more fuel storage is good, but an onshore production of fuel produced from onshore feedstocks is better. This is the opportunity that SAF represents for Australia. Australia is blessed with land and feedstock that is currently exported. Rather than exporting our feedstock to countries with SAF production, Australia should invest in onshore production of SAF using feedstock sourced in Australia. As we contemplate a way forward through processes like the White Paper, the opportunity for collaboration between civil and defence are both obvious and necessary. The establishment of the Jet Zero Council and more recently the National Fuel Council demonstrates this importance. I hope to see more opportunities for collaboration going forward so that at the end of the day Australia wins. Finally, a huge shout out to Brigadier Gabrielle Follett and the RAAF for the work she and her team are doing integrating SAF into their operation. From my perspective this represents a seismic shift in thinking and supports the idea that whilst our missions might be different, our goals are the same.
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Despite a challenging start to the year with persistent geopolitical tensions, #AirFranceKLM recorded further revenue growth this quarter, capitalizing on a structurally robust travel demand. Learn more about the Group First Quarter 2024 financial results at https://bit.ly/4bhAuOY
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#KnowledgeInsights 💼✈️ #AviationFinance 📈✈️ This week, we turn our attention to an essential aspect of aircraft leasing: Security Deposits. 💼🔐 Understanding security deposits is crucial for both lessors and lessees in the aircraft leasing process. These deposits act as financial safeguards, ensuring that the parties fulfill their obligations and cover potential risks or damages. Key points to consider ⤵️ 📌 For all your aircraft needs—from acquisition and sales to chartering and leasing—contact us: 📩 contact@vms.aero | 📞 +33 620311803 / +241 62 24 24 02 #VMSAERO #Aviation #AircraftLeasing #AviationIndustry #Leasing #AircraftFinance #AviationNews #AirlineIndustry #Aerospace #AviationBrokers
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Canada Jetlines has grounded all flights and suspended its operations due to a financial crisis, after less than two years in the skies. The announcement was made on August 15, 2024, effective immediately. The carrier stated that it has been unable to secure the capital needed to continue flying. Canada Jetlines had explored various financing options, including debt, strategic transactions, equity and debt financing, but none of these were successful. Read more at: https://lnkd.in/dtnaNPWN #AviationTalk #aviationnews #avgeek #aviation
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Air Canada (TSX:AC) will institute changes to its Basic and Comfort fares in January to better align with other Canadian carriers. https://lnkd.in/get__cDK
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