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Air Canada to Expand Fleet with 90 New Aircraft Deliveries Over Five Years

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Air Canada has outlined an ambitious fleet expansion plan, expecting the delivery of 90 new aircraft over the next five years. This comprehensive addition will include a mix of aircraft types aimed at enhancing the airline’s operational capabilities and meeting growing passenger demand. The upcoming deliveries include two Boeing 767-300ERs re-entering the fleet in 2025, alongside one Boeing 787-9, the first two Airbus A321XLRs, seven Boeing 737 MAX, and nine Airbus A220s.

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Air Marshall Islands Secures Loan from Taiwan for Fleet Expansion

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Air Marshall Islands (AMI) has secured a preferential loan from Taiwan to facilitate the acquisition of new aircraft, aiming to enhance inter-island connectivity and modernize its fleet. The announcement was made during Taiwanese President Lai Ching-te’s visit to the Marshall Islands, where he addressed the nation’s parliament and reaffirmed the strong bilateral relations between the two countries.

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flyadeal Expands Fleet with New A320neo Delivery

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flyadeal, the low-cost airline based in Saudi Arabia, has recently taken delivery of a new Airbus A320neo aircraft, marked by serial number 12269. This aircraft is powered by LEAP-1A26 engines, which are known for their high efficiency and reduced carbon emissions, aligning with the airline’s commitment to environmentally friendly operations.

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Condor Reports $70M Loss Despite Revenue Growth

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Condor, the leisure airline based in Germany, has reported a net loss of $70.4 million for the 2023/24 financial year, even as the carrier posted a 16% increase in revenue to approximately $2.6 billion. The results highlight ongoing challenges in the post-pandemic aviation sector, particularly for airlines navigating rising operational costs and fleet modernization programs.

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Turkish Airlines Uses Aviation Finance Insurance For Two Aircraft

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Turkish Airlines has become the first airline globally to utilize the Sompo AXIS Aviation Finance Insurance product to finance its new aircraft, signaling a unique innovation in aviation financing. The carrier applied the solution to the acquisition of two aircraft: one Airbus A350-900 and one Airbus A321neo.