Austrian Airlines, the national carrier of Austria, reported a 40% year-over-year decline in its 2024 adjusted EBIT, amounting to US$81.3 million. This decrease comes despite a 5% increase in annual revenue, which reached US$2.6 billion.
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WestJet, a Canadian airline, has expanded its fleet with the recent addition of a Boeing 737-8, serial number 42845, on lease and powered by advanced LEAP-1B27 engines. This addition marks WestJet’s continued investment in fuel-efficient aircraft, supporting its goals to reduce operational costs and environmental impact across its network.
flyadeal, Saudi Arabia’s low-cost airline, recently received a new A320neo, serial number 12301, powered by LEAP-1A26 engines. This addition to flyadeal’s fleet underscores its commitment to modernizing and expanding its operations with fuel-efficient aircraft.
Surf Air Mobility, a U.S.-based aviation company, has formally entered into definitive agreements for a significant fundraising effort through a registered direct offering. This strategic financial maneuver involves the sale of 2 million shares of its common stock, aiming to raise a total of $5 million.
Sky Alps (Italy) has wet leased a Boeing 737-800, serial 30667, from ETF Airways (Croatia) to support operations on the Verona-Hamburg route. The lease agreement, set for an undisclosed duration, ensures seamless capacity coverageon the airline’s international network.
S&P Global has downgraded the credit rating of Brazilian airline Azul from CCC+ to CC, with a negative outlook, following the airline’s recent financing agreement with bondholders. This move reflects S&P’s view that the restructuring deal, aimed at providing Azul with additional liquidity, qualifies as a “distressed” transaction. The downgrade signals ongoing financial strain for…
China Eastern Airlines has announced the successful raising of $691 million in perpetual debt financing from its controlling shareholder, China Eastern Airlines Group Co. The debt carries an annual interest rate of 2.20%, providing the airline with a flexible financial instrument to support its operations and growth initiatives.
WestJet, a Canadian airline, has expanded its fleet with the recent addition of a Boeing 737-8, serial number 42845, on lease and powered by advanced LEAP-1B27 engines. This addition marks WestJet’s continued investment in fuel-efficient aircraft, supporting its goals to reduce operational costs and environmental impact across its network.
flyadeal, Saudi Arabia’s low-cost airline, recently received a new A320neo, serial number 12301, powered by LEAP-1A26 engines. This addition to flyadeal’s fleet underscores its commitment to modernizing and expanding its operations with fuel-efficient aircraft.
Surf Air Mobility, a U.S.-based aviation company, has formally entered into definitive agreements for a significant fundraising effort through a registered direct offering. This strategic financial maneuver involves the sale of 2 million shares of its common stock, aiming to raise a total of $5 million.
Sky Alps (Italy) has wet leased a Boeing 737-800, serial 30667, from ETF Airways (Croatia) to support operations on the Verona-Hamburg route. The lease agreement, set for an undisclosed duration, ensures seamless capacity coverageon the airline’s international network.
S&P Global has downgraded the credit rating of Brazilian airline Azul from CCC+ to CC, with a negative outlook, following the airline’s recent financing agreement with bondholders. This move reflects S&P’s view that the restructuring deal, aimed at providing Azul with additional liquidity, qualifies as a “distressed” transaction. The downgrade signals ongoing financial strain for…
China Eastern Airlines has announced the successful raising of $691 million in perpetual debt financing from its controlling shareholder, China Eastern Airlines Group Co. The debt carries an annual interest rate of 2.20%, providing the airline with a flexible financial instrument to support its operations and growth initiatives.
WestJet, a Canadian airline, has expanded its fleet with the recent addition of a Boeing 737-8, serial number 42845, on lease and powered by advanced LEAP-1B27 engines. This addition marks WestJet’s continued investment in fuel-efficient aircraft, supporting its goals to reduce operational costs and environmental impact across its network.
flyadeal, Saudi Arabia’s low-cost airline, recently received a new A320neo, serial number 12301, powered by LEAP-1A26 engines. This addition to flyadeal’s fleet underscores its commitment to modernizing and expanding its operations with fuel-efficient aircraft.
Surf Air Mobility, a U.S.-based aviation company, has formally entered into definitive agreements for a significant fundraising effort through a registered direct offering. This strategic financial maneuver involves the sale of 2 million shares of its common stock, aiming to raise a total of $5 million.
Sky Alps (Italy) has wet leased a Boeing 737-800, serial 30667, from ETF Airways (Croatia) to support operations on the Verona-Hamburg route. The lease agreement, set for an undisclosed duration, ensures seamless capacity coverageon the airline’s international network.
S&P Global has downgraded the credit rating of Brazilian airline Azul from CCC+ to CC, with a negative outlook, following the airline’s recent financing agreement with bondholders. This move reflects S&P’s view that the restructuring deal, aimed at providing Azul with additional liquidity, qualifies as a “distressed” transaction. The downgrade signals ongoing financial strain for…
China Eastern Airlines has announced the successful raising of $691 million in perpetual debt financing from its controlling shareholder, China Eastern Airlines Group Co. The debt carries an annual interest rate of 2.20%, providing the airline with a flexible financial instrument to support its operations and growth initiatives.
