Cayman Islands Seeks US$183 Million Loan Facility for Cayman Airways Expansion
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HelloJets, a Romanian carrier, is set to expand its fleet with the addition of two Airbus A320 aircraft via financial lease. The aircraft, featuring serial numbers 2881 and 2885, are expected to be delivered in January 2025. This move will bring HelloJets’ fleet size to a total of five aircraft, strengthening its position in the regional aviation market.
US-based lessor Aviation Capital Group (ACG) has announced the successful delivery of a Boeing B737-8 aircraft to Italian airline Neos. This aircraft represents the second of three B737-8 aircraft scheduled to be delivered to Neos from ACG’s existing order book with Boeing.
Air Incheon, South Korea’s dedicated cargo airline, has appointed Kim Kwan-sik as its new Chief Executive Officer (CEO). This strategic appointment aims to leverage Kim’s extensive financial expertise to facilitate the airline’s acquisition of Asiana Airlines’ cargo business, a move set to position Air Incheon as a leading player in the nation’s air cargo industry.
Jet2, the UK-based airline, has started retiring its Boeing 757 fleet as it receives new Airbus A321neo aircraft. This transition marks a significant fleet modernization for Jet2, with the remaining six B757s expected to be completely phased out by early January 2025. The introduction of the A321neo brings operational advantages such as increased fuel efficiency and lower emissions, aligning with the airline’s…
Frontier Airlines is once again pursuing a merger with Spirit Airlines, reviving a deal that previously fell through. The parent company, Frontier Group Holdings, has put forth a proposal that includes $400 million in newly issued debt and common stock, aiming to consolidate operations with the ultra-low-cost carrier.
T’way Air (South Korea) has announced its plans to launch a new route connecting Daegu and Ulaanbaatar. The service is set to begin on 10 December 2024, utilizing the airline’s Boeing 737-800 aircraft.