ARC NEWS
Investigation starts after Frontier A321 fire at Las Vegas
October 07, 2024
The US National Transportation Safety Bureau (NTSB) has started an investigation into the cause of a smoke detection and post-landing fire on a Frontier Airlines Airbus A321ceo that made an emergency landing at Las Vegas Harry Reid International airport on 5 October. Frontier says on X that flight 1326 from San Diego was in the process of landing around 15:15 local time when the crew detected smoke and declared an emergency. "The aircraft landed safely and all passengers and crew were evacuated via airstairs. No injuries were reported, and passengers have been bussed to the terminal," it adds. Frontier says that there were 190 passengers and seven crew on board. The NTSB confirms on its own X account that it is investigating the emergency landing. Video and air traffic control recordings of the incident indicate that there was a brief fire on the right side of the aircraft upon landing that was extinguished by firefighters as the aircraft came to a rest on runway 26 right at the airport. The recordings also indicate that the aircraft suffered radio communications issues during the approach, and briefly lost radar contact, but the crew were able to resume communications with emergency crew and air traffic control once the aircraft had stopped. Flight tracking shows that the aircraft involved bears registration N701FR, which corresponds to MSN 6793. The CFM International CFM56-powered aircraft was built in 2015 and operated since new by Frontier, and is managed by ST Engineering Aerospace Resources, fleets data shows.


Air Vanuatu cleared to exit liquidation
October 07, 2024
Air Vanuatu will exit liquidation soon after Vanuatu's supreme court approved the implementation of a deed of compromise with government-owned entity AV3. The orders allow for the transfer of Air Vanuatu's shares to AV3, two days after which it will formally exit liquidation and be handed back to its management, EY says in a statement provided. Creditors approved the Deed at a 21 August meeting. "The implementation of the Deed of Compromise maximises the return to creditors and presents an opportunity for the Air Vanuatu business to continue, saving jobs and providing vital aviation services for Vanuatu," says liquidator Morgan Kelly. AV3, which is wholly owned by Vanuatu's foreign affairs ministry, has proposed to recapitalise the airline and would see it emerge from liquidation with around $16.8 million still owed to secured and partially secured creditors and employees, a creditor's report shows. Partially secured creditors, which include aircraft lessors and financiers, will receive no distribution but Air Vanuatu "will engage with these parties to restructure their arrangements into the future". Documents show that two lessors and financiers are owed around $2.94 million. AV3 will contribute $3.3 million to a fund in three tranches over 10 months to pay unsecured creditors' claims, after which they will release all claims and receive around US 5 cents per dollar. Hurley Lawyers and K&L Gates acted on behalf of the liquidators. Fleets data shows that the airline has an ATR 72-600 in service which is leased from Falko, while a De Havilland Canada DHC-6-300 Twin Otter leased from Air Tuvalu is in storage. It has another Twin Otter that is owned unencumbered while a third is on finance lease. It also has a Britten-Norman BN-2B Islander that is unencumbered. Air Vanuatu also holds an order for two Airbus A220-300s and one -100, but an earlier liquidator's report states that the order was cancelled in 2019 but a $20 million deposit had not been returned. The airline previously operated a Boeing 737-800 which had been repossessed by Air Lease Corporation in Melbourne prior to the airline entering liquidation in May.


​Doric-managed fund sells two A380s to Emirates
October 04, 2024
A Doric-managed fund, Doric Nimrod Air Two, has sold two Airbus A380s to Emirates following the end of their leases with the Middle Eastern carrier. The aircraft, bearing MSNs 105 and 106, have been sold for £61.4 million ($80.5 million), says the fund in a London Stock Exchange filing. It adds that for its three remaining A380s (MSNs 107, 109 and 110), operating leases will continue as contracted until the respective lease-end dates. In August, the fund agreed to sell five A380s on lease with Emirates to the carrier.


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