Avation, a Singapore-based aircraft leasing company, has executed a repurchase of $3.5 million face value in Senior PIK Toggle Notes due in 2026. These notes were issued as part of the company’s global Medium Term Note (MTN) program, aimed at raising flexible financing from capital markets.
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LATAM Airlines Group, based in Chile, announced a 7.6% increase in total operating revenues for the third quarter of 2024, reaching $3.28 billion. The airline also reported a net income of $301 million and maintained a liquidity position of approximately $3.6 billion, reflecting a stable financial standing in an evolving aviation landscape.
Aerolineas Argentinas, the national carrier of Argentina, has reported a significant reduction in its reliance on government subsidies in 2024. The airline required only $64.2 million in subsidies, a substantial decline compared to the $128.4 million it needed in 2023. This development underscores ongoing efforts by the airline to enhance its operational efficiency and financial sustainability.
Etihad Airways (UAE) has delayed its highly anticipated $1 billion initial public offering (IPO) until at least April 2025. The airline has not disclosed the specific reasons for the postponement, leaving investors speculating on potential market conditions, regulatory approvals, or strategic adjustments influencing the decision.
China Airlines has secured a long-term lease agreement for three Airbus A321neo aircraft from Avolon (Ireland), with lease terms spanning 144 months. This strategic move comes as the airline navigates global supply chain challenges affecting aircraft deliveries and operational expansion.
Renegade Air, a regional airline based in Kenya, has strengthened its fleet with the addition of a DHC8-100, serial number 392, leased from Avmax Aircraft Leasing, a Canada-based leasing company. Known for its operational reliability and fuel efficiency, the DHC8-100, also called the Dash 8, is well-suited for Renegade Air’s short-haul routes across Kenya and…
Spirit Airlines, a major US-based low-cost carrier, has filed a motion to initiate sale/leaseback transactions with JSA International US Holdings. These transactions involve up to four Airbus A321neo aircraft, serials 12324, 12330, 12333, and 12425, currently scheduled for delivery to Spirit between December 17, 2024, and April 2025.
