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Air Mauritius Secures $176M Equity Boost from Airport Holdings

ByAdmin

Air Mauritius has received a critical financial lifeline from its parent company, Airport Holdings Ltd (AHL), which has formally converted a US$176 million shareholder loan into equity. This move comes as AHL acknowledges the airline’s ongoing financial challenges and aims to stabilize its capital structure during a period of fiscal strain.

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Lufthansa Group Reports 2024 Financial Performance

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Lufthansa Group, Germany’s flagship airline conglomerate, reported a 6% increase in revenue for the fiscal year 2024, totaling US$40.2 billion. The company’s Adjusted EBIT (Earnings Before Interest and Taxes) for the year was US$1.7 billion, with the fourth quarter contributing US$501 million to this figure.

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SpiceJet’s Credit Rating Upgraded to Stable by Acuite

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SpiceJet, one of India’s low-cost carriers (LCC), has received positive news from Acuite Ratings & Research, an Indian credit rating agency. Acuite has upgraded SpiceJet’s credit outlook to “stable,” a notable improvement given the challenges faced by many airlines in recent years. The credit agency has assigned SpiceJet a long-term rating of B+ and a…

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flynas Takes Delivery of A320neo Powered by LEAP-1A26

ByAdmin

flynas, the Saudi Arabian low-cost carrier, has added another Airbus A320neo to its growing fleet as part of its ongoing expansion plan. The newly delivered aircraft, bearing serial number 12506, is powered by LEAP-1A26 engines, offering improved fuel efficiency and performance for regional and medium-haul operations.

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Aeroitalia Wet Leases A320 From Trade Air for Rome–Bergamo Route

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Aeroitalia, the Italian carrier, has entered into a wet lease agreement with Trade Air of Croatia for an Airbus A320, serial number 3337, to operate services between Rome Fiumicino and Bergamo. The lease covers short-term capacity needs and reinforces Aeroitalia’s domestic network connectivity.