Vietjet (Vietnam) has successfully issued seven bonds in 2024, amounting to a total face value of $433 million. Each bond carries a 60-month term and offers an 11% annual interest rate, reflecting the company’s strategic move to bolster its financial foundation and support future growth initiatives.
Silver Airways (US) has announced that it will utilize cash collateral to cover its operating expenses for an initial two-week period. This move comes as the airline works to secure Debtor-in-Possession (DIP) financing, which is essential for stabilizing its financial position and continuing operations.
SATA (Portugal) has announced an ambitious plan to achieve $67 million in savings through its financial sustainability plan, which will roll out across 2025. This comprehensive plan includes 40 targeted measures aimed at streamlining operations, improving efficiency, and reducing costs.
Delta Air Lines (US) has announced robust financial results for the fourth quarter of 2024 and the full year. In 4Q 2024, the airline achieved an operating revenue of $15.6 billion, a 5.7% increase compared to the same period in the previous year. Delta’s net income for the quarter was $843 million, reflecting its strong operational performance.
Avolon (Ireland) has released a forecast predicting that growth in the Asia-Pacific region will be the primary driver behind global airline revenues surpassing $1 trillion for the first time in 2025. The report highlights the region’s rapidly expanding air travel market and its pivotal role in shaping the future of global aviation.
Aircastle (US) has announced its financial results for the third quarter of 2024, covering the period ended 30 November 2024. The company reported total revenues of $194 million and a net income of $18 million, reflecting stable financial performance in a challenging market environment.
The European Union Aviation Safety Agency (EASA) has issued a warning to airlines, advising them to avoid flying over certain Russian cities. This advisory comes in the wake of a fatal incident involving an AZAL Azerbaijan Airlines E190, which was reportedly shot down by Russian forces.
Azorra (US) has announced the appointment of Susan Geitzenauer as Senior Vice President – Operations. This strategic addition to the leadership team highlights Azorra’s commitment to operational excellence and its focus on enhancing efficiency as the company continues to grow.
Willis Aviation Services (UK) has signed a long-term General Terms Agreement with Jet2 (UK) to perform C Checkson the airline’s B737NG fleet. The agreement includes a volume commitment, underscoring Jet2’s confidence in Willis Aviation’s maintenance capabilities.
UrbanLink Air Mobility (US) has announced a strategic partnership with FEAM Aero (US) to ensure the safety, efficiency, and readiness of its all-electric fleet. This collaboration marks a significant step in UrbanLink’s mission to revolutionize air mobility by providing sustainable and reliable transportation solutions.
