in Business & Finance

Syphax Airlines denies AOC reapplication rejected

Posted 4 September 2017 · Add Comment

Tunisia's Syphax Airlines has denied reports in the Tunisian media claiming its application to the North Africa state's civil aviation regulator seeking the reinstatement of its AOC had been flat out rejected, reports ch-aviation.

In a statement last week the resurgent carrier said that CAC had not rejected the application outright, but had, rather, requested additional information before proceeding.

"Contrary to what has been said, the CAC responded favorably to the resumption of Syphax's operations and asked the company to update its technical and financial files," it told Kapitalis magazine adding that there would be a postponement pending the finalization of the documents.

The Court of Sfax approved the carrier's reorganisation plan in July with its TND230 million dinar (USD93.9 million) debt pile restructured for payment over a revised period.

As part of its exit from judicial oversight, the company has drawn up a business plan with provision for the establishment of a second carrier - Maghreb Airlines which is presumed to be Syphax Airlines' NewCo - with a share capital of TND10 million (USD4 million). A strategic partnership has been signed with an unspecified European operator for the provision of two CRJ-900s sourced from an unspecified US firm.

* required field

Post a comment

Other Stories
Advertisement
Latest News

National Aviation Services (NAS) partners with #VisaFreeAfrica

The Kigali Global Shapers has partnered with National Aviation Services for an exclusive sponsor of #VisaFreeAfrica (VFA), a global campaign to facilitate mobility in Africa.

The Range Rover of the skies

No fewer than five Pilatus PC-24 jets are already on order for operations in Africa – and the company has now stopped taking further orders until the first deliveries of the twin-engine aircraft start, expected to be the last quarter of

Air Serv responds to cholera outbreak in southern DRC

Air Serv has deployed an aircraft to the Kasai Province of the Democratic Republic of the Congo (DRC) in response to the cholera epidemic affecting the region.

Kenya Airways Limited advised on financial restructuring

Global law firm White & Case has advised Kenya Airways Limited on its US$2 billion financial restructuring.

Legacy of Ghav's pioneers of peace

For more than a decade, the Ghana Aviation Unit (GHAV) was deployed in Côte d'Ivoire as part of a UN peacekeeping force. Erwan de Cherisey looks at what was achieved and the legacy left by the unit as it finally went home earlier this year.

The A350-1000 is certified for airline service

Delivery of the first A350-1000 – the longest-fuselage version of Airbus' A350 XWB jetliner – is planned before year-end following the aircraft's Type Certification by the European and U.S. airworthiness authorities.

Aviation Africa SK18418
See us at
Global Aerospace BT28218AfBAC Expo BT2017Aviation Africa BT18418