Avelo Airlines has initiated a strategic financial initiative by appointing Jefferies, a leading global investment banking firm, to assist in raising between $75 million and $100 million. The capital raise is aimed at fueling the airline’s growth plans and strengthening its financial position amid a competitive and cost-sensitive environment.
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Falko Regional Aircraft Limited, a UK-based aircraft asset management company, has announced the acquisition of two Embraer E170 aircraft from Azorra Aviation. These aircraft are currently leased to American Airlines and are subleased to its regional subsidiary, Envoy Air. This acquisition highlights Falko’s continued expansion in the regional jet market, reinforcing its commitment to maintaining a diverse portfolio of assets serving…
Thai Airways International has signed a Memorandum of Understanding (MOU) with the Kansas Modification Center to establish a joint venture dedicated to converting B777-300ER passenger aircraft into cargo freighters. This strategic collaboration aims to capitalize on the growing demand for cargo capacity amid a continuing global shift in air freight logistics.
Air Arabia (UAE) has expanded its fleet with the delivery of one A320, serial 7426, on lease. The aircraft is powered by CFM56-5B4/3 engines, which offer reliability and efficiency in operations. This addition aligns with Air Arabia’s commitment to enhancing its fleet capacity and meeting increasing passenger demand across its network.
Vietnam Airlines, the national flag carrier of Vietnam, has taken delivery of a new Airbus A320neo, bearing serial number 12298. The aircraft, leased to enhance the airline’s fleet, is powered by PW1124G1-JM engines, known for their efficiency and performance.
Aeroflot Technics (Russia) has announced plans to broaden its maintenance and repair competencies, focusing on engine overhauls for A320, B737, and B777 aircraft. The company aims to complete the development of these new MRO capabilities by April 2025.
Lucky Air has announced the launch of nonstop flights from Dali to Hanoi and Kuala Lumpur, starting in mid-January 2025. The routes will be operated using the Boeing 737-700, enhancing international connectivity from Yunnan province, China.
