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Avolon Holdings Prices $1.5 Billion Senior Unsecured Notes Offering

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Avolon Holdings Limited, a leading global aviation finance company, has announced the pricing of a $1.5 billion private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited. The offering consists of two tranches: $850 million of 4.95% senior unsecured notes due in 2028, and $650 million of 5.15% senior unsecured notes due in 2030.

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Global Crossing Airlines 3Q 2024 Revenue Rises 23% to $52.4M

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Global Crossing Airlines (USA) achieved a notable 23% increase in revenue for the third quarter of 2024, totaling $52.4 million. Despite this revenue growth, the airline’s net loss remained flat at $4.9 million, and it held $7.8 million in cash and restricted cash, underscoring its commitment to operational expansion and financial stability.

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Air Arabia’s 3Q 2024 Profit Rises 8% to $153.5 Million Amid 10% Revenue Growth

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Air Arabia, a leading low-cost airline based in the UAE, has posted strong financial results for the third quarter of 2024, with net profit rising by 8% to $153.5 million. This growth was supported by a 10% increase in turnover, which reached $484 million. The airline’s financial performance reflects its resilience and effective management in a competitive aviation market. Additionally, Air Arabia reported…

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China Eastern Secures $691M in Perpetual Debt Financing

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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.

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Stratos Sells Four Aircraft in Multiple Transactions

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Aircraft asset manager Stratos has finalized the sale of four aircraft across three separate transactions, enhancing returns for its investors. The sales include two A320 aircraft sold to Avion Express, a 737-300F purchased by a Middle Eastern buyer, and a leased 777-300ER acquired by Altavair-managed investors. The A320s were transferred at lease expiration, while the…

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EFW and HNA Sign MOU for Strategic A330P2F Conversion Partnership

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EFW (Elbe Flugzeugwerke), a German aerospace company specializing in aircraft conversions, and HNA Aviation Group from China have signed a Memorandum of Understanding (MOU) outlining a strategic partnership for A330P2F (passenger-to-freighter) conversions. Under this agreement, EFW will provide support for Grand China Aircraft Maintenance Services, an HNA subsidiary, operating out of Haikou. This collaboration positions both companies to capitalize on the rising demand for…