in Business & Finance

Syphax Airlines denies AOC reapplication rejected

Posted 4 September 2017 · Add Comment

Tunisia's Syphax Airlines has denied reports in the Tunisian media claiming its application to the North Africa state's civil aviation regulator seeking the reinstatement of its AOC had been flat out rejected, reports ch-aviation.

In a statement last week the resurgent carrier said that CAC had not rejected the application outright, but had, rather, requested additional information before proceeding.

"Contrary to what has been said, the CAC responded favorably to the resumption of Syphax's operations and asked the company to update its technical and financial files," it told Kapitalis magazine adding that there would be a postponement pending the finalization of the documents.

The Court of Sfax approved the carrier's reorganisation plan in July with its TND230 million dinar (USD93.9 million) debt pile restructured for payment over a revised period.

As part of its exit from judicial oversight, the company has drawn up a business plan with provision for the establishment of a second carrier - Maghreb Airlines which is presumed to be Syphax Airlines' NewCo - with a share capital of TND10 million (USD4 million). A strategic partnership has been signed with an unspecified European operator for the provision of two CRJ-900s sourced from an unspecified US firm.

* required field

Post a comment

Other Stories
Advertisement
Latest News

IBAC welcomes ICAO decision on CORSIA baseline

The International Business Aviation Council (IBAC) has welcomed the decision by the Council of the International Civil Aviation Organization (ICAO) to remove 2020 emissions levels from the calculation of the baseline of the Carbon

Bolloré Logistics extends the airlift with Africa to ensure supply continuity

Bolloré Logistics is extending until 31 July 2020 its special weekly cargo freight service between Europe and West Africa, the WARA AIR SERVICE.

Quarantine measures threaten aviation restart in Africa

The International Air Transport Association (IATA) urged governments in Africa and the Middle East (AME) to implement alternatives to quarantine on arrival that would allow economies to re-start while avoiding the importation of

Airbus' H160 receives EASA approval

Airbus Helicopters’ multi-role twin engine H160 has been granted its type certificate by the European Union Aviation Safety Agency (EASA).

Ethiopian welcomes back business and leisure customers

Ethiopian Airlines has announced that it’s happy to welcome back business and leisure travellers with programmes aimed at safeguarding their health and safety.

African airlines post smallest cargo contraction in May

The International Air Transport Association (IATA) released data for global air freight markets in May showing a slight improvement in the air cargo market, although African airlines post smallest cargo contraction.

See us at