ECair suspends all operations
November 30, 2016
Equatorial Congo Airlines (Republic of Congo) suspended all flight operations in October 2016, after the airline had reportedly accrued a substantial amount of debt owed to the African air navigation provider: Agency for Aerial Navigation in Africa and Madagascar (ASCENA). As a result, ASCENA withdrew its service from ECAir, subsequently forcing the airline to suspend all operations. Sources indicated that ECAir had filed for bankruptcy in France after the airline's only Boeing 767 aircraft was repossessed by its owners. The airline had previously temporarily suspended it's domestic operations in September 2016, however has since been forced to suspend all operations due to the lack of serviceable aircraft and air traffic management providers.
TransAsia Airways ceases operations
November 30, 2016
Taiwanese carrier, TransAsia Airways, announced on the 22nd of November that it would be ceasing operations immediately. Airline officials reportedly stated that following the two fatal accidents in 2014 and 2015, the airline has since been unable to financially recover. Whilst the airline had recorded modest profits since 2009, recent financial data shows that the airline has sustained a NT2.09 Billion net loss since the beginning of 2016. As a result, the airline will begin the liquidation of its assets; however this action will need to be approved by shareholders.
FAA extends flight ban over Ukraine
November 30, 2016
The United States Federal Aviation Administration (FAA) has extended its ban of the airspace above the Simferopol and Dnipropetrovsk areas of Ukriane. Following the downing of Malaysia Airlines Flight MH-17 in 2014, the FAA placed an immediate restriction on airspace surrounding the Crimean region. The ban was originally slated to end in October 2016, however in November 2016 the FAA announced it would be extending this ban for an additional two years after the security situation within the area continued to be assessed as hazardous.