American expands maintenance workforce
September 12, 2024
American Airlines has recently hired more than 500 maintenance workers for its bases in Charlotte, North Carolina; Pittsburgh, Pennsylvania; and Tulsa, Oklahoma. The US major says that more than 385 of those employees are licensed aviation maintenance technicians. American's vice-president of base maintenance and facilities Greg Emerson states: "It's an opportunity to grow our maintenance capacity and capabilities in the near term and preserve them over the long run by continuing to build our pipeline of future maintenance team members." This expansion builds on recent growth at the Tulsa base, supported by a $22 million grant issued under the state of Oklahoma's Business Expansion Incentive programme, the Fort Worth-based carrier says.
Thai submits petition to amend business rehabilitation plan
September 12, 2024
Thai Airways has submitted a petition to amend its business rehabilitation plan to the national justice ministry's legal execution department. The airline says "it is absolutely necessary" to amend the plan so that it can decrease registered capital by reducing the par value of shares. It adds that the change would lower accumulated losses. A capital reduction would also, it notes, enable it to consider making future dividend payments to shareholders and creditors from the debt-to-equity conversion. The proposal will be considered at a creditors' meeting on 8 November.
Iran Air faces new sanctions over weapons exports to Russia
September 11, 2024
The governments of the UK, France and Germany will cancel bilateral air service agreements with Iran and place sanctions on Iran Air over Tehran's export of ballistic missiles to Russia, while the USA has stepped up sanctions on the airline. Foreign ministers for the three European nations released a joint statement on 10 September condemning Iran for supplying missiles to Russia for use in its war in Ukraine and will step up sanctions against several Russian and Iranian individuals and logistics companies involved in supplying the weapons. They also state that the three countries "will be taking immediate steps to cancel bilateral air services agreements with Iran," which will likely block them from operating flights there, and impose new sanctions on Iran Air. No other Iranian carriers were named in the statement. Schedules data shows that Iran Air operates 11 flights per week from Tehran to destinations in the UK, France and Germany, comprised of thrice-weekly services to London Heathrow, and twice-weekly each to Paris Charles de Gaulle, Cologne, Frankfurt and Hamburg. Qeshm Air also flies a weekly service from Tabriz to Hamburg that will be affected once the bilateral air services agreement is cancelled. In a separate fact sheet released on the same day, the US State Department states that it will step up sanctions against Iran Air for " enabling Iran’s acquisition of sensitive-western origin dual-use materials for use in the development of UAVs, some of which are provided to Russia for use in Ukraine". Iran Air and other Iranian carriers were already under financial sanctions related to the US related to Iran's nuclear programme prior to the latest escalation that has prevented it from leasing or acquiring aircraft from Western sources since 2018.