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

Green Africa Airways appoints founding director of ground operations

Green Africa Airways has appointed Kristof Hegedus as its founding director of ground operations.

Embraer and Air Peace sign multi-year pool programme agreement for six ERJ-145 jets

Embraer has announced that Air Peace, Nigeria’s leading private airline, has signed a multi-year Pool Program Agreement for spare parts and support covering more than 250 components for their six Embraer ERJ-145 jets.

Marrakech gears up for the sixth edition of the Marrakech Air Show

The 6th edition of the Marrakech Air Show, the largest African civil and military aviation event, will be held in Marrakesh between 24th and 27th of October at the Royal Air Force military base in Marrakesh.

Ethiopian Airlines adds Avinor Oslo Airport to its route network

Ethiopian Airlines has firmly established itself at Norway’s main airport. Now they are enhancing their service offering between Addis Ababa and Oslo Airport.

Boeing forecasts air cargo traffic will double in 20 Years

Boeing projects air cargo operators will need more than 2,600 freighters over the next two decades to keep up with increasing global freight traffic, which is expected to double with 4.2 percent growth annually.

Competitive boost and enhanced operational capabilities for H145

Airbus H145 customers will now benefit from the extension of the warranty of the H145’s Arriel 2E engines from two years/1,000 hours to three years/2000 hours. This extension is valid for H145s delivered from January 2018.

TAA SK1009311218
See us at
AirCargoAFA_BT220318210219AviationAfrica_BT0607280219MarrakechAirshow BT2507241018