Fitch Ratings has downgraded Wizz Air Holdings‘ Long-Term Issuer Default Rating (IDR) and senior unsecured rating to ‘BB’ from the previous ‘BB+’. Despite the downgrade, the outlook remains stable, and the Recovery Rating on the senior unsecured notes has been affirmed at ‘RR4’.
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Spirit Airlines (US) has initiated a US$350 million equity rights offering as part of its ongoing Chapter 11 bankruptcy restructuring efforts. This strategic move aims to bolster the airline’s financial stability and ensure operational continuity amid its restructuring process.
GOL Linhas Aéreas, Brazil’s leading low-cost carrier, has taken delivery of a Boeing 737-800BCF (Boeing Converted Freighter), further expanding its cargo capabilities. The aircraft, bearing serial number 33551, has been leased and is powered by CFM56-7B26 engines, one of the most commonly used and reliable engine types in the 737NG family.
Kalitta Air, a U.S.-based cargo airline, is collaborating with Israel Aerospace Industries (IAI) to support the certification of the Boeing 777-300ERSF, a converted freighter model designed to enhance cargo capacity and efficiency. IAI aims to secure Federal Aviation Administration (FAA) certification for the B777-300ERSF, with Kalitta Air providing essential operational support throughout the certification process….
National Jet Express (NJE) has further strengthened its operations by adding two new aircraft to its fleet—a Q400, serial 4246, and an Embraer E190, serial 19000483. With these latest acquisitions, NJE’s total fleet now stands at 26 aircraft, reinforcing its regional and charter services across Australia.
Nauru Airlines has reported a US$4.1 million loss for the fiscal year ending June 30, 2024. The significant loss was attributed to unpaid bills arising from the airline’s wet lease operations, a challenging situation that has strained its financial performance.
Arkia (Israel) has announced plans to operate an A330-900 aircraft from Iberojet (Spain) on behalf of TechAir (Israel). The widebody aircraft will be deployed on the Tel Aviv–New York route, with operations scheduled from 08 February to May 2025.
