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Aviation Capital Group Closes Initial Four Aircraft from Avolon Portfolio
Aviation Capital Group (ACG) announced on July 7, 2025, that it has finalized the initial closing of four aircraft from a larger 20‑aircraft portfolio acquisition from Avolon Aerospace Leasing.
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VietJet Appoints Nguyen Thanh Son As Managing Director
VietJet, the Vietnamese low-cost airline, has announced the appointment of Nguyen Thanh Son as its new Managing Director, effective immediately. He takes over the executive position from Dinh Viet Phuong, as the airline continues to strengthen its leadership team to support its long-term growth strategy.
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Tunisair Chairman Dismissed Amid Corruption And Operational Issues
Tunisair, the national airline of Tunisia, is undergoing a major governance shakeup as the government dismissed chairman Habib Mekki and implemented leadership changes across the organization. The move comes in response to persistent issues including corruption allegations, flight disruptions, and declining operational performance, prompting closer state monitoring of the airline.
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Thai Airways May Buy Up To 80 Boeing Jets In Tariff Deal
Thai Airways International is reportedly evaluating a major fleet expansion plan that could include the purchase of up to 80 Boeing aircraft, contingent upon the finalization of a tariff agreement between Thailand and the United States. This potential deal signals a significant pivot in Thai Airways’ long-term strategy, as it seeks to modernize its fleet and boost operational…
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TAP SGPS Faces Enforcement Action Over $177M Azul Debt
TAP SGPS, the Portuguese airline group, is facing potential legal enforcement action after failing to repay $177 million owed to Azul Linhas Aéreas Brasileiras (Brazil). The debt relates to bonds issued in 2016 that were subscribed by Azul as part of a strategic investment agreement. TAP’s failure to meet the repayment deadline has now shifted control of the matter to the common representative of…
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SriLankan Airlines Appoints Advisers For $209M Bond Restructuring
SriLankan Airlines has engaged Lazard Freres (France) as its financial adviser and Norton Rose Fulbright (UK) as its legal adviser to navigate a complex restructuring of its 2024 bonds, valued at approximately $209 million. The move comes amid mounting financial strain on the national carrier, which has struggled with ongoing losses and rising debt obligations.
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SKY Airline, Abra Group In Talks Over Debt And Ownership
SKY Airline, a prominent low-cost carrier in Chile, is currently engaged in negotiations with bondholder Abra Group (UK) concerning its $100 million bond, which matures in Q4 2026. The bond includes a conversion option, allowing Abra to turn the debt into a 40% ownership stake in SKY. These talks could have major implications for the airline’s future ownership structure and financial independence.
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Garuda Indonesia Restructures Board And Expansion Strategy
Garuda Indonesia, the national carrier of Indonesia, has taken decisive steps toward financial recovery and long-term growth by approving the next phase of its restructuring plan, which includes a board reshuffle aimed at expediting strategic execution. Shareholders have endorsed this critical step to improve governance and enhance the airline’s competitiveness as it works to stabilize its balance sheet and…
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Afriqiyah Airways Unions Warn Of Imminent Collapse
Afriqiyah Airways, the state-owned Libyan carrier, is facing mounting pressure as unions issued a stark warning about the company’s viability, citing mismanagement and gross financial violations as key threats to its continued operations. The unions have appealed to government authorities for immediate intervention, fearing the airline may soon collapse without corrective action.
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GMR Aero Technic Signs 3-Year B737 MAX Deal With Akasa Air
GMR Aero Technic, one of India’s prominent MRO providers, has secured a three-year base maintenance agreementwith Akasa Air, a fast-growing Indian low-cost carrier. The agreement covers maintenance services for Akasa’s expanding B737 MAX fleet, reinforcing the airline’s commitment to operational reliability and GMR Aero Technic’s positioning as a preferred maintenance partner in the region.
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Avolon Reports 2Q 2025 With 1,076 Aircraft In Fleet
Avolon, one of the world’s leading aircraft lessors based in Ireland, has released its operational results for the second quarter of 2025, highlighting dynamic portfolio activity and a growing footprint. During the quarter, Avolon acquired 15 aircraft, sold 20 aircraft, and placed 26 aircraft from its orderbook, showcasing its active asset management strategy and strong demand for its fleet offerings.
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AviaAM Leasing Nears B777-300ER Freighter Conversion Completion
AviaAM Leasing Service Centre, a part of the AviaAM Leasing group, is progressing toward the final stages of a B777-300ER Passenger-to-Freighter (P2F) conversion project in collaboration with Mammoth Freighters (US). This strategic initiative is expected to be completed by the end of 2025, marking a significant milestone in the company’s ongoing efforts to expand its freighter portfolio and respond to growing…
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AMS Sells Two CFM56-5B6/3 Engines From 2008
AMS (UK) has successfully concluded the sale of two CFM56-5B6/3 engines, manufactured in 2008, on behalf of their owner. The engines, bearing serial numbers 697839 and 697840, were marketed through an exhaustive and competitive Request for Proposal (RFP) process, demonstrating strong demand for mid-life engines in the secondary market.