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El Al Withdraws Bid for 45% Stake in Isracard Due to Deadline Constraints

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El Al, Israel’s flagship airline, has officially withdrawn its bid to acquire a 45% stake in Isracard, the country’s largest credit card company, citing challenges in meeting the regulatory and acquisition requirements before the October 31, 2024, deadline. This retraction marks a strategic shift for El Al, which had initially sought the acquisition to diversify its revenue streams and strengthen its financial stability amid an increasingly competitive aviation market.

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Thai AirAsia Launches $58.5M High-Risk Callable Debenture Offering

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Thai AirAsia has initiated the issuance and offering of High-Risk Secured and Callable Debentures, with backing from a corporate guarantor. The offering totals US$58.5 million, with a 5.5% annual coupon rate and a tenor of 2.5 years. This financial instrument is designed to attract yield-seeking investors while supporting Thai AirAsia’s ongoing liquidity and operational funding needs.

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Turkish Airlines Plans A350-1000 Subfleet for Australia

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Turkish Airlines is preparing to operate a specially configured subfleet of Airbus A350-1000s for long-haul services to Australia, signaling a significant expansion in its global route network. The airline is also considering New Zealand as a future destination, reflecting its ambitious growth strategy.

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Boeing Reaches DOJ Agreement Over B737 MAX Fraud Case

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Boeing has reached a tentative non-prosecution agreement with the U.S. Department of Justice (DOJ), aiming to resolve a criminal fraud case stemming from two fatal B737 MAX crashes involving Lion Air Flight 610 and Ethiopian Airlines Flight 302. The proposed agreement would prevent a 23 June 2025 trial, avoiding prolonged legal exposure for the aerospace giant.