Court agrees to joint administration of Silver Chapter 11 cases
January 06, 2025
A Florida bankruptcy court has agreed to a request from the debtors to jointly administer the Chapter 11 cases of Silver Airways and its affiliate Seaborne Airlines. The cases will now be consolidated in a single docket under a "lead case" number, although separate claims registers will be maintained for each case, according to a 2 January order from judge Peter Russin of the US Bankruptcy Court for the Southern District of Florida. He adds: "The debtor-in-possession, or if applicable, trustee, will not commingle assets or liabilities unless and until it is determined, after notice and hearing, that these cases involve the same debtor or that another ground exists to order substantive consolidation of these cases." Silver and Seaborne filed for Chapter 11 on 30 December and had been seeking joint administration of their two cases. The pair are now requesting an emergency hearing on 6 January in which they and their proposed attorneys hope to convince the court to allow them to tap cash collateral under convertible note and loan agreements to tide them over until they can complete debtor-in-possession financing negotiations with a lender. Fleet data shows Silver Airways has an in-service and stored fleet of 14 aircraft, including eight ATR 42-600s and six ATR 72-600s. All of those aircraft are managed by lessors. Affiliate Seaborne Airlines has just two aircraft, which are both, Viking Air DHC-6-300s. In a separate and unrelated Chapter 11 case, Spirit Airlines last year requested, and was granted, permission to have its Chapter 11 and those of four of its non-operating subsidiaries jointly administered as one case.
Qatar Airways to resume flights to Syria after extended pause
January 03, 2025
Qatar Airways has announced plans to resume air service to Damascus, Syria, beginning 7 January 2025. The carrier says it will operate three weekly flights connecting Damascus to Doha, providing Syrian travellers access to Qatar Airways' network of over 170 global destinations through Hamad International airport. This development represents Qatar Airways' re-entry into the Syrian market, though the announcement does not specify how long flights had been suspended prior to this resumption.
Ryanair plans to add 29 Boeing 737s to fleet in 2025
January 03, 2025
Ryanair plans to receive up to 29 new Boeing 737 aircraft in 2025, representing a $3 billion investment. The carrier says it expects to create 2,000 new aviation jobs as part of this expansion. The aircraft will be allocated to "efficient, low-cost airports in EU countries" where Ryanair says governments are "stimulating aviation growth, like Sweden, Italy, Spain, and Poland". It adds: "There will be no growth in countries raising taxes, like the UK, France, and Germany." Ryanair projects its annual passenger count will increase from 200 million in 2024 to 210 million in 2025.