Air Astana (Kazakhstan) has expanded its fleet with the delivery of a new Airbus A320neo, bearing serial number 12360. The aircraft is powered by Pratt & Whitney PW1127G-JM engines, enhancing fuel efficiency and reducing emissions.
United Aircraft (Russia) has announced plans to issue more than 2 trillion shares, aiming to raise approximately $5.5 billion in capital. This move is intended to strengthen the company’s financial position and support ongoing aircraft development and production programs.
Pratt & Whitney (US) has reported a strong fourth quarter (4Q) 2024 performance, with sales increasing by 18% to $7.5 billion and operating profit rising 32% to $504 million. The results reflect higher demand for commercial and military engines, as well as robust aftermarket services growth.
Fitch Ratings (US) has assigned A-1 Notes ‘Asf (EXP)’ and B-1 Notes ‘A-sf (EXP)’ ratings to AASET 2025-1, a securitization backed by lease payments and disposition proceeds from a pool of 23 passenger aircraft. These aircraft are operated by third-party lessees, ensuring diversified exposure across multiple carriers.
Azul (Brazil) has successfully completed the restructuring of its financial obligations, reaching agreements with bondholders, lessors, and OEMs. The carrier also closed its $525 million Floating Rate Superpriority Notes offering, due 2030, significantly improving its financial stability.
Aircastle (Ireland) has successfully priced $500 million in 5.250% Senior Notes due 2030, issued at 99.171%. This move strengthens the aircraft lessor’s financial position and provides long-term capital for its global leasing operations.
Royal Jordanian (RJ) has increased its ownership stake in Jordan Flight Catering Company to 51%, securing a majority share in the airline catering provider. This move strengthens RJ’s strategic control over its in-flight meal services and enhances its operational efficiency within Jordan’s aviation industry.
Philippine Airlines (PAL) has announced a codeshare partnership with Saudia, enhancing connectivity for passengers traveling between the Philippines and Saudi Arabia. The agreement covers select routes operated by Saudia, allowing Philippine Airlines customers to book flights on Saudia’s network under PAL’s flight code.
Frontier Airlines is once again pursuing a merger with Spirit Airlines, reviving a deal that previously fell through. The parent company, Frontier Group Holdings, has put forth a proposal that includes $400 million in newly issued debt and common stock, aiming to consolidate operations with the ultra-low-cost carrier.
Boom Supersonic has achieved a major milestone with the first supersonic flight of its XB-1 demonstrator aircraft. The test took place at Mojave Air & Space Port in California, where the aircraft successfully reached an altitude of 35,290 feet before accelerating to Mach 1.122. This marks a significant step in Boom’s ambition to develop a new era of supersonic travel.
