airBaltic has reissued its bond, increasing the total value to EUR380 million, with the additional EUR40 million complementing the May 2024 issuance. The bonds, due in 2029, will be listed on the Dublin Stock Exchange, with settlement expected on October 24. This move aligns with airBaltic's strategic financial plan to enhance its financial position and flexibility as it prepares for a potential IPO. The initial issuance was Latvia's largest corporate bond offering, attracting orders worth over EUR840 million. The airline is considering a dual-listing on Nasdaq Riga and potentially London.

Av8jet Charter is set to expand its fleet with the addition of a new Cessna Citation Jet 4 to its Maltese AOC, as part of its growth strategy. The company, which started charter operations in 2021, primarily generates revenue from aircraft transactions and management, with a significant portion of its business based in the UK. Director John Norris highlights the challenges posed by Brexit and supply chain issues, emphasizing the need for the industry to adapt. Av8jet also offers a software platform, AV8SMS, which supports its aviation operations. The company operates flights mainly for business travel, with frequent destinations including the Mediterranean, France, and Switzerland.

Azat Hakim, former shareholder of Tulpar Air, is embroiled in a legal dispute over the valuation of his 49% stake in the company. A court expert valued his share at RUB871 million, significantly lower than Hakim's claim of RUB1.3 billion. Hakim argues that his rights were compromised when Tulpar Air planned to transition from an LLC to a JSC, which would restrict his ability to exit the company. He claims he was underpaid for his stake, while Tulpar Air's representatives argue the valuation was inflated due to Hakim's personal use of company jets. The case remains unresolved, with further hearings scheduled.

Nordic Aviation Group, operating as Nordica, is moving towards privatization with an investor submitting a bid. Despite financial challenges, including a significant loss in 2023, the company has shown improved performance in 2024, reducing flight cancellations and increasing profitability. The termination of a major contract with SAS Scandinavian Airlines has prompted Nordica to seek new partnerships and markets. The company is optimistic about securing 75% of its capacity for the Winter 2024/2025 season and continues to implement cost reduction and efficiency measures. A business plan has been approved by an investor group, indicating potential for future growth and stability.

In Serbia, amidst ongoing inflation which has started to slow down over the past five months, salaries have recorded a slight real growth on an annual basis, but have seen a slight monthly decline due to seasonal reasons. Average gross and net wages for July 2023 increased by 14.6% nominally and 1.9% in real terms compared to the previous July, with the average gross salary being 115,664 dinars and the net salary at 83,781 dinars. The median net salary for July was 64,734 dinars, indicating that 50% of employees earned up to this amount. The average net salary in the public sector was 85,730 dinars, while it was 82,998 dinars outside the public sector. The lowest average salary was recorded by entrepreneurs and their employees, with a net salary of 42,566 dinars. Only employees in computer programming, consulting, and related activities had an average net salary over 200,000 dinars, while those in oil and gas extraction and air transport joined them with over 150,000 dinars. Analysts from Bloomberg Adria have highlighted that changes in workers' bargaining power and structural changes in the labor market have led to the fastest growth in average gross wages in the region over the last decade. Projections suggest that nominal gross wage growth will remain in the low double-digit area for some time, with a slowdown to single-digit growth rates possible in 2024.

PLAY (Iceland) received approval at its annual general meeting to increase its share capital by up to 1.2 billion shares and proceed with a cash injection from existing shareholders and a public offering of new shares. The offering includes one million shares at ISK4.50 per share for subscription commitments worth ISK4.5 billion from existing shareholders and other investors, and up to 111,111,112 shares at the same price in a public issue targeting up to ISK500 million, with priority for current shareholders in case of oversubscription.

IranAir, despite not being on the latest US sanctions list, faces a potential ban from flying to Europe by the G7 over allegations of Iran selling missiles to Russia. A senior US official warned of a swift and severe response if Iran provides Russia with ballistic missiles. IranAir currently operates flights to eight European destinations. Sanctions discussions have affected IranAir for years, including issues with aircraft purchases from Airbus and ATR due to the 2015 Iran nuclear deal and ongoing sanctions.

Air France and Air France-KLM have appealed two European General Court decisions regarding state aid received during the Covid-19 pandemic. The appeals were lodged with the Court of Justice of the European Union, challenging the annulment of European Commission decisions that approved French state aid measures. The cases were initially brought by Ryanair and Malta Air, which argued that the aid constituted unfair competition. The court had ruled that the Commission erred in defining the beneficiaries of the aid. Air France-KLM emphasized that all aid had been refunded according to the rules.

BRA - Braathens Regional Airlines has completed its restructuring process initiated last October, with shareholders investing SEK114 million to aid the process. The restructuring plan, approved by creditors and Solna District Court, allows BRA to focus on domestic flights in Sweden, charters, and ACMI. The airline plans to operate a fleet of 21 aircraft, including ATR72-600s, A319-100s, and A320s. BRA aims to preserve aviation infrastructure and enhance sustainability efforts in Sweden.

Asian migrant workers from countries like Nepal, India, the Philippines, Bangladesh, and Sri Lanka are filling the labor shortage in the Adria region. Despite seeking better lives, many face challenges, including fraudulent job offers and high recruitment fees. The article highlights the experiences of Anisha, a Nepalese worker in Serbia, and the practices of her employer, La Chicken House, part of La grupa, which provides good living conditions and regular pay. The article also discusses the significant increase in work permits issued in Serbia and other Adria region countries, the reliance on foreign labor, and the challenges and changes in employment practices, including the need for better integration and accommodation for foreign workers. The article was written with the help of Janja Zalar from Slovenia and Edita Vlahović Žuvela from Croatia.