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
Latest News

ExecuJet welcomes first Pilatus PC-24 to Africa

ExecuJet, part of the Luxaviation Group, will be the first business aviation company to operate and manage a Pilatus PC-24 Super Versatile Jet in Africa.

Why Africa looks booked to succeed

For many years, Africa has been talked of as a continent of great potential in commercial aviation. That potential has never really materialised. As Alan Dron reports, the authors of a new book believe that, at last, things are about to

First ACJ320neo is assembled

The first ACJ320neo has been assembled on programme, fitted with CFM International LEAP-1A engines and painted in ACJ house-colours, in preparation for a first flight in the coming weeks.

Support our industry call from new ACI boss

Bongani Maseko, new chairman of the Airports Council International (ACI), believes that, despite challenges, African aviation is becoming a strong contributor to global economic growth.

Rwanda Civil Aviation Authority recognises IATA's Airline Safety Audit Programme

Kigali The International Air Transport Association (IATA) and the Rwanda Civil Aviation Authority (CAA) signed an MoU to partner for the improvement of aviation safety.

Aerotask places a McDonnell Douglas MD-83 for AMCON

Aerotask, a Dubai-based global aviation consultancy providing Asset Management and Financial Solutions to airlines, lessors, financiers and aviation investors worldwide, has successfully transacted a McDonnell Douglas MD-83

TAA SK0902311218
See us at
GroundHandling BT2205130918AirCargoAFA_BT220318210219MarrakechAirshow BT2507241018AviationAfrica_BT0607280219AAD2018 BT