Avation Secures $85 Million Portfolio Financing Facility

ByAdmin 20/11/202422/11/2024

Avation, a Singapore-based aircraft leasing company, has entered into a term sheet agreement with a major international bank for a $85 million portfolio financing facility. This facility will be utilized primarily for the refinancing of existing aircraft within Avation’s fleet and for the acquisition of additional aircraft, subject to specific conditions.

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Airlines | Financial

JetBlue Updates 2024 Revenue and CASM Guidance

ByAdmin 06/12/202409/12/2024

JetBlue Airways, a prominent US-based low-cost carrier, has revised its 2024 financial guidance, signaling adjustments in both revenue expectations and cost metrics. The airline now anticipates a 3.5% to 4.5% decline in revenue for the fiscal year, an improvement from its initial projection of a 4% to 5% drop. Concurrently, the Cost per Available Seat Mile (CASM) excluding fuel is expected…

SolitAir Adds B737-800BCF via ASL Airlines Ireland

ByAdmin 03/12/202405/12/2024

SolitAir (UAE) has expanded its operational fleet with the addition of a Boeing B737-800BCF. The aircraft, identified by serial 32686, is provided on a wet lease from ASL Airlines Ireland and is powered by CFM56-7B26 engines.

Financial | Legal | Settlement

Triumph Group Delays Q2 FY2025 Results Following Settlement with Boeing

ByAdmin 04/11/202406/11/2024

Triumph Group, a major aerospace supplier based in the United States, has announced a delay in the issuance of its Q2 fiscal 2025 results. The delay follows a recent favorable settlement with Boeing Commercial Airplanes, related specifically to pricing adjustments on its Interiors contracts. This settlement marks a significant outcome for Triumph Group, potentially impacting…

Airlines | ATR | Delivery | Fleet | Pratt & Whitney

Aurigny Adds ATR72-500 to Fleet

ByAdmin 23/11/202426/11/2024

Aurigny (Guernsey) has expanded its regional fleet with the delivery of an ATR72-500, identified by serial number 1151. The aircraft, powered by PW127M engines, is on lease and will bolster the airline’s capacity for regional connectivity.

Airlines | Financial | Flag Carrier

TAROM Reports $18.7M Loss for 2023 Despite Revenue Growth

ByAdmin 13/11/202414/11/2024

TAROM, Romania’s national airline, has announced its 2023 financial results, reporting a net loss of $18.7 million. Despite the loss, TAROM experienced a 21.7% increase in total revenues, reaching $384 million. The airline’s revenue growth reflects a recovery in travel demand; however, financial challenges persist as TAROM continues to work toward sustainable profitability.

Airlines | Financial

Vietravel Airlines Doubles Charter Capital to $51.4 Million

ByAdmin 12/11/202413/11/2024

Vietravel Airlines, a prominent airline based in Vietnam, has significantly raised its charter capital by nearly 100%, bringing the total to US$51.4 million. This capital expansion is a strategic move aimed at supporting the airline’s growth initiatives, strengthening its financial foundation, and improving its operational capacity to meet increased demand in the Vietnamese air travel market. Vietravel Group,…

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