Kenya's Jetlink Express (J0), grounded since November last year, has managed to convince 70% of its unpaid creditors to accept a business recovery proposal which would see the Kenyan domestic and regional carrier back in operations come October 1, though one, Kenya's Equity Bank, has remained adamant that it wants to see the bankrupt airline wound up and its debt of USD8.1million settled forthwith.
Tuesday, July 23, 2013
Wednesday, June 12, 2013
■ KENYA: Jetlink Express pitches debt-restructuring deal to creditors as means of returning to operations.
Jetlink Express (J0), the bankrupt Kenyan regional operator, has attempted to offer its various creditors shares in a recovery plan, set to be funded by CFC Stanbic Bank.
Saturday, April 13, 2013
■ MOROCCO: Aerotechnic Industries expands scope to now include overhaul of Boeing 737NG airframes; secures RAM contract.
During a ceremony attended by Mr Driss Benhima, Chairman and Chief Executive Officer of the Royal Air Maroc (RAM) Group, and Mr Franck Terner, President, Air France Industries, the two partners officially announced a new phase in the development of their Aerotechnic Industries (ATI) joint venture. Set up in 2009, the 50/50 joint venture between the two groups is now extending the scope of its activities to the overhauling of Boeing 737 Next Generation (NG) airframes.