Spirit Airlines in Talks with Castlelake Amid Bankruptcy, as the U.S. ultra-low-cost carrier explores strategic options to stabilize its business and secure long-term financing while under Chapter 11 bankruptcy protection for the second time in under a year.
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Avolon Completes $420M Samurai Loan Facility as the global aircraft leasing company secures its inaugural cross-border financing in the Japanese loan market, raising the equivalent of US$420 million through a syndicated Samurai loan facility.
Turkish Airlines, Turkey’s national carrier, has announced its financial results for 2024, reporting revenue of $22.5 billion and a net profit of $3.4 billion, marking a 17% increase compared to the previous year. The airline’s cash and cash equivalents reached $1.87 billion, underscoring its robust liquidity and financial stability.
SMBC Aviation Capital, a leading aircraft leasing company based in Ireland, has announced the delivery of the first Airbus A220-300, serial 55318, to Breeze Airways, a rapidly expanding US-based airline. This aircraft is the first of three A220-300s scheduled for delivery under their leasing agreement.
Jet2 is making final preparations to welcome a new Airbus A321neo, signaling the carrier’s ongoing fleet modernization and capacity expansion efforts.
Lufthansa A320 Diverts After Bird Strike In Cluj following an in-flight incident that occurred during a go-around at the Romanian airport. The aircraft, operating a scheduled service from Munich to Cluj, was unable to continue to its destination after sustaining a bird strike and was subsequently diverted to Budapest as a precautionary measure.
Aerolineas Argentinas, the national carrier of Argentina, has reported a confirmed net profit of US$114 million for the year 2024. The figure was validated by the country’s Treasury Department, marking a significant financial milestone for the airline after years of fiscal challenges.
