Azorra, a US-based aircraft lessor, has delivered the first of four Airbus A220-300s to Animawings, a Romanian airline. The aircraft, identified by serial number 55316, is powered by Pratt & Whitney PW1500G engines, and it marks the first A220 to operate from Romania. In order to view the full content as well as having access to our archives and receiving the daily newsletter, please REGISTER .
Fitch Ratings has downgraded the long-term credit rating of Spirit Airlines from ‘CCC’ to ‘CC’, signaling heightened financial distress and the likelihood of a near-term default. This latest downgrade places Spirit Airlines below other low-cost carriers (LCCs) in North America, reflecting concerns about the airline’s financial stability.
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…
Vietnam Airlines has reported a solid financial performance for the first nine months of 2024, achieving a consolidated after-tax profit of $247.6 million alongside a 24.6% increase in total revenue, amounting to $3.3 billion. These results mark a significant improvement in the airline’s financial position, fueled by increased passenger demand across domestic and international routes…
Challenge Group has appointed Udi Sharon as the new CEO of Challenge Airlines IL. Sharon brings extensive experience from Israel’s logistics and airfreight sectors and joins Challenge Group’s senior management team to enhance the airline’s local and international operations.
Wheels Up Experience, a US-based private aviation company, has closed a new $332 million revolving equipment notes facility with Bank of America, supported by credit backing from Delta Air Lines. This financing initiative provides Wheels Up with increased liquidity to support its operations and fleet expansion plans. Alongside this development, Wheels Up has completed the acquisition of a fleet…
Korean Air, South Korea’s flagship carrier, has expanded its fleet with the addition of a Boeing 787-10, registered as HL8537. This state-of-the-art aircraft is equipped with GEnx-1B engines, providing superior fuel efficiency and environmental performance.
