iFUEL FALSIFIED PHOTOS WITH COMPANY LOGOS ON FUEL TRUCKS. IN FACT, THE COMPANY IS ONLY A RESELLER
As the administration of the Global Aviation Register of Defaulter companies BLACKLIST.AERO found out, the company iFUEL AG falsified numerous photos of fuel trucks and other airfield equipment with IFuel logos for use in advertising campaigns.
By analyzing the photos presented by iFuel on its corporate website, as well as in numerous interviews with the company's founder Rinad El-Rabaa, which were paid for as advertising materials, the administrators of BLACKLIST.AERO and other participants in the aviation market managed to find the originals of the photos, but without the iFuel logos.
Thus, with the help of falsifications, the company iFuel created a false impression among its clients that it is an Into-Plane Agent at airports. In fact, as BLACKLIST.AERO managed to find out, iFuel AG is nothing more than an ordinary aviation fuel reseller, not standing out from hundreds of other similar companies.
This method of promoting the company is "Deliberate Misleading Consumers about the Quality of the Product".
In connection with the exposure of this fact of unfair competition, the administration of the BLACKLIST.AERO Registry calls on iFUEL to voluntarily remove the company logo from photos in which this logo was not originally and could not be due to the above circumstances.
Creditors of SmartLynx Unite Under the Auspices of BLACKLIST.AERO
A criminal investigation has been opened into suspected fraud involving the management of SIA Smartlynx Airlines and the alleged fictitious sale of the airline to a new owner. BLACKLIST.AERO learned this information from a source familiar with the investigation. The case was initiated after a complaint was filed with the police by one of the creditors. It is also possible that additional complaints have been submitted by other defrauded counterparties of Smartlynx.
Over the past week, investment analysts from companies holding Avia Solutions Group (ASG) bonds have contacted me twice, asking for a more detailed explanation of the SmartLynx bankruptcy. Their biggest concern is that the same situation could repeat with other companies within the ASG holding.
The covert bankruptcy—legally framed as a “restructuring”—of SIA SmartLynx Airlines (Latvia), along with the highly probable collapse of SmartLynx Malta and SmartLynx Estonia in the near future, has become more than just a landmark event for the aviation market. Its consequences may amount to a full-fledged default tsunami, triggering a cascade of multimillion-euro non-payments across the industry.
