Avation, the Singapore-based aircraft leasing firm, has announced the repurchase of Senior PIK Toggle Notes due 2026issued under its global Medium Term Note (MTN) program. The repurchase reflects the company’s proactive approach toward managing its capital structure and optimizing future debt obligations.
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Condor, the leisure airline based in Germany, has reported a net loss of $70.4 million for the 2023/24 financial year, even as the carrier posted a 16% increase in revenue to approximately $2.6 billion. The results highlight ongoing challenges in the post-pandemic aviation sector, particularly for airlines navigating rising operational costs and fleet modernization programs.
APOC Aviation, a Netherlands-based aircraft leasing, trading, and part-out company, has named Geoff Ellis as its new Technical Asset Manager. The appointment comes as the company continues to expand its global portfolio of aviation assets and seeks to enhance technical oversight in line with its growth trajectory.
Brussels Airlines has reported a record €78 million adjusted EBIT for summer 2024, supported by increased long-haul capacity and high punctuality. From July to September, the airline transported 2.5 million passengers across over 17,000 flights, marking a 1.3% increase in passenger volume despite a 2.5% decrease in total flights.
Falko Regional Aircraft Limited (UK) has announced the successful completion of its previously disclosed aircraft portfolio transaction with Nordic Aviation Capital (Ireland). The transaction includes the acquisition of four Embraer E190s, currently on lease to Royal Air Maroc (Morocco).
Asia Aviation, the Thai parent company of Thai AirAsia, recorded a strong financial performance in the third quarter of 2024 with a net profit of $100.1 million. This impressive result was fueled by a 55% increase in revenue, reaching $445.3 million. The significant revenue growth reflects Asia Aviation’s successful recovery in the post-pandemic travel environment and the rising demand for air travel…
Uganda Airlines is set to enhance its operations with the wet lease of an Airbus A320, identified by serial number 6733, from DAT (Denmark). The aircraft is expected to arrive by the end of November 2024, serving as an interim solution until the delivery of two A320neos in June 2025.
