ARC NEWS
Rex gains A$80 million facility as administration extends
November 13, 2024
Australia's government will provide up to A$80 million ($52.6 million) to expand Regional Express's turboprop services as the carrier applies to extend its administration period out to June 2025. Canberra will also extend its guarantee for air tickets purchased on services for the extended administration period. "The financing will support the business to continue offering critical services for regional communities, with Rex's administrators intending to apply to the Federal Court of Australia to extend the Voluntary Administration to 30 June 2025," transport minister Catherine King says in a statement. Rex's current administration period is set to expire on 30 November, but it appears likely that the court will approve the request for the additional seven months. Administrator Sam Freeman from Ernst & Young says that the facility will be used to invest in a business improvement programme, including increasing the number of operational aircraft in its fleet. Cirium fleets data shows that the airline has 35 Saab 340Bs in service and a further 22 in storage, several of which Cirium understands require spare parts. "We're planning to increase the size of the operational fleet, while providing greater clarity for the Rex team and investing in strategic growth initiatives," says Freeman. "Through this plan, we're looking to increase reliability and capacity on the regional routes." Administrators note that they have been able to secure the sale of Rex's aeromedical arm Pel Air Aviation and other non-core assets, but the sale of the core regional airline has been given lower priority over stabilising the business. "While the sale of the regional network process will continue during the extension, the immediate focus of the administrators is implementing the business improvement plan," they state.


Air Canada to purchase 78 million litres of SAF from Neste
November 13, 2024
Air Canada has signed an agreement with Finnish renewable fuels producer Neste to purchase 78 million litres of sustainable aviation fuel. Neste will deliver the SAF to the Vancouver marine terminal starting in December, with further shipments throughout 2025, says the carrier. This purchase represents Air Canada's first commercial import of SAF. "Air Canada is actively pursuing efforts to mitigate its greenhouse gas emissions, and SAF is a critical component of our multifaceted approach to reducing our impact on the environment and promoting environmental sustainability in our operations," states Air Canada chief Michael Rousseau. "This SAF purchase from Neste contributes significantly to our target of procuring SAF for 1% of our estimated jet fuel use in 2025."


​TAAG begins A220 operations
November 12, 2024
TAAG Angola Airlines has introduced its first Airbus A220-300 to commercial service. The African carrier says that on 8 November it operated an initial flight to Sao Tome Island from Luanda and, upon return to the Angolan capital, completed a domestic service to Benguela. TAAG is leasing its first A220 from Air Lease Corporation and has another 11 on order. The airline has configured the Pratt & Whitney PW1500G-powered twinjet with 12 business and 125 economy seats. Also featured in TAAG's fleet are eight Boeing 737-700s (including one quick-change variant), a 737-800 converted freighter, five 777-300ERs, three 777-200ERs and six De Havilland Canada Dash 8-400 turboprops. Beyond the A220s, TAAG has two 787-10s and one -9 on order.


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