in Business & Finance

Syphax Airlines gains reorganisation plan approval

Posted 20 July 2017 · Add Comment

Syphax Airlines is on track for its planned 4Q17 relaunch after the Court of Sfax approved airline's reorganisation plan, reports ch-aviation.

Syphax has been in judicial administration since October 2015 after accumulating debts of over TND230 million (USD93.9 million).

The court-approved plan will settle debts with foreign creditors over repayment periods of 7, 10 and 15 years. It will also ensure the airline's registration with appropriate aviation authorities in order to resume operations later this year as Maghreb Airlines (Sfax).

* required field

Post a comment

Other Stories
Advertisement
Latest News

Turbulence ahead on the route to a national carrier

Just like his nine predecessors, Nigeria's Aviation Minister, Hadi Sirika, has started championing a process of creating a national carrier capable of filling the void left by the liquidation of Nigeria Airways in 2003. But, as Chukwu

NAS launches new Pearl Lounges at Marrakech Menara Airport

National Aviation Services has launched its Pearl Lounges at the Marrakech-Menara Airport in Morocco reinforcing capacities at the newly renovated airport.

CEO of Airbus to step down

Airbus has announced that its CEO Tom Enders will be leaving the company in April 2019, reports aerotime.

Proflight Zambia female pilot clocks 1000 hours flying time

The career of Proflight Zambia's youngest female pilot Besa Mumba has taken off after clocking up 1,000 hours of flying time.

Colas UK secures construction deal for new Ugandan Hoima International Airport

Colas UK has revealed its new direction as a transport infrastructure company able to compete for the largest projects both in the UK and overseas.

How to make the African cargo industry shipshape

Two major air cargo conferences took place in Addis Ababa, the Ethiopian capital, in June. Kaleyesus Bekele reports.

Aviation Africa SK18418
See us at
Aviation Africa BT18418