ATR has confirmed the addition of three ATR72-600 aircraft to the fleet of Cambodia Angkor Air, which will officially rebrand as Air Cambodia on January 1, 2025. These aircraft, financed by HNCA Aviation Financial Leasing Co. (China), are part of a leasing agreement, with deliveries scheduled throughout 2025.
Airnorth (Australia) has strengthened its fleet with the delivery of an Embraer E190, serial 19000020, under a wet lease agreement with Alliance Airlines (Australia). The aircraft is powered by CF34-10E5 engines, delivering enhanced performance and efficiency for regional operations.
AirAsia (Malaysia) has expanded its fleet with the delivery of a new Airbus A321neo, serial 12225, under a lease agreement. The aircraft is powered by advanced LEAP-1A32 engines, ensuring operational efficiency and lower emissions, aligning with AirAsia’s commitment to sustainable aviation practices.
Africa Charter Airline (South Africa) has expanded its fleet with the acquisition of its second Boeing B737-400F, serial 24917, demonstrating its long-term commitment to its B737C freighter fleet. This addition marks a significant milestone in the airline’s strategy to strengthen its cargo operations and meet growing demand in the African air freight market.
3TOP Aviation Services (UK) has announced the acquisition of an Airbus A318, serial 2931, along with its associated engines, serials 577823 and 697130. The ex-Tarom aircraft was recently ferried to the ecube facility in Spain, where it will be dismantled for material recovery.
Vietnam Airlines has announced plans to convene an extraordinary meeting on January 21, 2025, where shareholders will discuss a proposal to issue new shares. The initiative aims to raise funds to increase the airline’s charter capital, with a maximum scale equivalent to approximately $867 million.
Setna iO (US) has announced a successful amendment to its revolving credit agreement, resulting in an increase in its borrowing capacity to $350 million. This expansion in financial resources is expected to support the company’s continued growth and operational flexibility in the aviation sector.
Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.
The International Air Transport Association (IATA) has reported that $1.7 billion in airline funds remain blocked from repatriation by governments globally as of the end of October 2024. While this represents a marginal improvement from the $1.8 billion reported in April, the issue continues to pose significant challenges to airlines operating in affected markets.
Embraer, a global leader in aerospace manufacturing, has achieved a significant milestone with Moody’s (US) awarding the company an Investment Grade rating. Moody’s has upgraded Embraer’s credit rating from Ba1 to Baa3, with a positive outlook, reflecting confidence in the company’s financial stability and growth prospects.
