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Sun PhuQuoc Airways Receives $38M Capital From Sun Group

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Sun PhuQuoc Airways, a Vietnamese carrier backed by Sun Group, is set to receive a fresh equity contribution of $38 million from its parent company. This capital injection is part of a broader $95.9 million investment plan for a long-term aviation project with a 50-year horizon, aimed at strengthening the airline’s position in the Vietnamese and regional market.

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Iberia Launches Strategic Plan Targeting $1.6B Profit

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Cambodia Angkor Air Rebranded as Air Cambodia

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Cambodia Angkor Air has officially undergone a rebranding and will now operate as Air Cambodia. This move reflects the airline’s ambition to modernize its operations and enhance its market presence. As part of its growth strategy, Air Cambodia is steadily working towards expanding its fleet to 32 aircraft, positioning itself for increased capacity and improved regional connectivity.

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GOL and Abra Group Reach Plan for Chapter 11 Restructuring

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GOL, the Brazilian airline, has entered into a Plan Support Agreement with the Abra Group (UK), its affiliates, and unsecured creditors to facilitate the airline’s financial restructuring under Chapter 11. This agreement will reduce GOL’s prepetition debt and obligations by approximately $2.5 billion, a substantial move aimed at stabilizing its finances and preparing for a sustainable future.