Avolon Prices US$1.5 Billion Senior Notes, reinforcing the aircraft lessor’s capital markets access and balance sheet flexibility as it continues to expand its global aviation finance platform.
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Global Crossing Airlines Group (GlobalX) reported a 40% increase in revenue for 2024, reaching US$223.8 million, compared to US$160.1 million in the previous year. Despite the revenue growth, the airline recorded a net loss of US$11.5 million, an improvement from the US$21.0 million net loss in 2023. The company ended the year with a cash balance of US$14.0 million, including restricted cash.
Etihad Airways reported another month of solid growth in September 2025, reflecting continued demand strength and disciplined capacity expansion. The airline carried 1.9 million passengers, representing a 21% year-on-year increase, while maintaining a strong load factor of 89%, one percentage point higher than in the same period last year.
Southwest Airlines (US) has announced its financial results for 2024, reporting a net income of $465 million, driven by operating revenues of $27.5 billion. The airline ended the year with $9.7 billion in liquidity, reinforcing its strong financial position despite ongoing industry challenges.
Aircalin, the airline of New Caledonia, has yet to finalize the financing arrangements for its upcoming delivery of Airbus A350-900 aircraft, scheduled for 2026 and 2028. The airline needs to secure financing in the range of US$127-219 million, a matter currently under debate by New Caledonian Congress.
Aircastle (Ireland) has successfully priced $500 million in 5.250% Senior Notes due 2030, issued at 99.171%. This move strengthens the aircraft lessor’s financial position and provides long-term capital for its global leasing operations.
Cebu Pacific, the Philippines’ largest low-cost airline, has increased its ownership stake in 1Aviation Groundhandling Services from 40% to 60%, establishing a majority position in the company. The stake increase was achieved through a debt-to-equity conversion, allowing Cebu Pacific to deepen its influence over ground handling operations, which are essential to the airline’s service efficiency…
