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Air Europa Settles ICO Loan And Expands Fleet

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Air Europa, the Spanish carrier, is preparing to settle its outstanding loan of $157 million this week, originally granted by the Instituto de Crédito Oficial (ICO) in May 2020. The loan had been extended as part of the Spanish government’s support package to help businesses during the COVID-19 pandemic, with Air Europa being one of the primary beneficiaries within the aviation sector. The repayment marks a significant financial milestone, underlining the airline’s post-pandemic recovery and improving balance sheet.

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Japan Airlines To Extend B777-300ER Retirement

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Japan Airlines (JAL) Managing Director Ross Leggett has confirmed that the retirement of the carrier’s B777-300ER fleet will be postponed by approximately three years. This decision comes as Japan Airlines continues to monitor future aircraft delivery schedules to ensure seamless operational transitions without service disruptions.

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Flybondi Cancels 71 Flights Amid Regulatory Scrutiny

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Flybondi, a prominent low-cost airline in Argentina, has canceled 71 additional flights over the holiday period, escalating concerns among passengers and regulators. The cancellations come as the Argentine government closely monitors the situation and awaits a corrective action plan from the carrier to address the ongoing disruptions.

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Vietnam Airlines To Raise $347M Capital For 50-Aircraft Expansion Plan

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Vietnam Airlines has received official shareholder approval to increase its charter capital by $347.1 million, forming a central component of its strategic long-term plan. The capital infusion will support the acquisition of 50 new aircraft, significantly strengthening the airline’s competitive position in both domestic and international markets.