Azorra seeks damages from LAM over Dash 8-400 lease
August 15, 2025
A special-purpose vehicle connected to Azorra is seeking damages from LAM Mozambique Airlines over the "total loss" of a De Havilland Dash 8-400 leased to the African carrier. In a claim form submitted to the UK high court on 21 July, an SPV named Azorra Eagle 1 DAC accuses LAM of failing to pay rent on the turboprop (MSN 4175), failing to maintain a valid certificate of airworthiness for it, and failing to redeliver it to a designated location in Germany after the lessor terminated the lease by notice on 22 May 2024. The claimant adds that the aircraft remains "at large" and is "assumed to be at Maputo airport" in Mozambique. In response to the airline's "wrongful detention of it", the aircraft was declared a total loss by 7 November 2024, writes the claimant, noting that LAM's insurers were then notified of a claim for indemnity under the insurance coverage. In the claimant's argument, insurers' failure to pay an agreed value of $10.3 million makes the airline liable for that amount. Azorra Eagle 1 DAC is listed in the claim for as being formerly known as NAC Aviation 33. This was a special-purpose vehicle that owned assets previously leased by Nordic Aviation Capital. In June 2022, Millbank stated that it had advised a syndicate of secured lenders led by BNP Paribas on the US Chapter 11 restructuring of the Nordic Aviation Capital group and the resulting separation and refinancing of NAC Aviation 33. Cirium fleets data shows that the 2007-vintage turboprop was leased to LAM by NAC in 2021, which corresponds to the claim form which states the aircraft was delivered to the airline on or about 21 March 2021 and the term of the lease was set to expire in March 2026. LAM and Azorra have been contacted for comment.
Akasa Air to add Phuket as first Southeast Asian destination
August 15, 2025
Indian carrier Akasa Air will start flights from Mumbai to Phuket from 20 September, marking its first foray into Southeast Asia. The carrier says it will operate daily services on the route with Boeing 737 Max 8s. Schedules data shows that it will compete with IndiGo on the route, which operates twice-daily services using Airbus A320s. Akasa's chief commercial officer Praveen Iyer says that the routes cater to India's "new era of outbound tourism powered by its large population of globally curious flyers".
Jettime owner makes bid to acquire CityJet
August 14, 2025
Jettime owner Lars Thuesen is seeking to take over CityJet. In a statement, the Danish entrepreneur says a company he owns is in the process of "possibly" signing an investment agreement with the examiners that have been running CityJet since its application for creditor protection in May. "If the scheme that the examiners will put forward to the court in Dublin is approved by the court, then I will become the new majority-owner of CityJet, subject to relevant competition clearance," he states. "I am excited to get this opportunity to help re-establish CityJet as a strong and profitable northern European regional ACMI provider serving the 70-to-100-seater jet-market." Thuesen emphasises that this investment does not involve Jettime, noting that the two airlines operate "very different business models and with different aircraft types". The investment in CityJet is based on a "standalone model", he adds. The entrepreneur has been involved with several airlines in northern Europe over recent years. In October 2024, he made a bid to take over Nordic Aviation Group, but he withdrew his interest a month later. In April 2017, he acquired a 20% Air Baltic stake previously held by Ralf-Dieter Montag-Girmes. The Latvian carrier's website shows that Thuesen remains on its supervisory board and retains a 2.03% stake. Cirium fleets data shows that CityJet leases or sub-leases 15 MHIRJ CRJ900s to SAS, and sub-leases five CRJ1000s to Lufthansa. All five of the CRJ1000s and three of the CRJ900s are leased from Regional One. Six of the CRJ900s are leased from Falko. CityJet is listed as the operator of a stored CRJ900 that is leased from Falko, and as operator, manager and owner of another three CRJ900s in storage.