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Bosco Rico Appointed as VP for Latin America at GA Telesis

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GA Telesis, a leading US-based provider of integrated aviation solutions, has announced the appointment of Bosco Ricoas Vice President for the Latin America and Caribbean region. This strategic leadership addition reflects GA Telesis’ commitment to strengthening its presence and fostering growth in these key markets.

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Spirit Airlines to Sell 23 Airbus A320/A321 Aircraft to GA Telesis

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Spirit Airlines, a prominent U.S.-based low-cost carrier, has announced a significant fleet adjustment with the sale of 23 Airbus A320 and A321 aircraft to GA Telesis. The agreement, valued at approximately $519 million, outlines the planned delivery of these aircraft through February 2025. This transaction is part of Spirit’s fleet optimization strategy, allowing the airline…

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Former SriLankan Airlines CEO Faces US Sanctions Over Bribery

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Kapila Chandrasena, the former CEO of SriLankan Airlines, has been sanctioned by the United States for his involvement in a bribery scheme that led to the airline purchasing Airbus aircraft at inflated prices. This development marks a significant escalation in the ongoing scrutiny of corruption in international aviation procurement.

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GOL and Abra Group Reach Plan for Chapter 11 Restructuring

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GOL, the Brazilian airline, has entered into a Plan Support Agreement with the Abra Group (UK), its affiliates, and unsecured creditors to facilitate the airline’s financial restructuring under Chapter 11. This agreement will reduce GOL’s prepetition debt and obligations by approximately $2.5 billion, a substantial move aimed at stabilizing its finances and preparing for a sustainable future.

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Chorus Aviation to Repay Corporate Financing After Leasing Segment Sale

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Chorus Aviation (Canada) has announced plans to repay its corporate financings, aiming to optimize its capital structure and strengthen its financial position. This decision follows the successful sale of its Regional Aircraft Leasing segment, a move that marked a significant strategic shift for the company.

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Breeze Airways CEO Predicts Industry Consolidation in 2025

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Breeze Airways (US) CEO David Neeleman has forecasted significant changes in the airline industry, predicting further consolidation in 2025 and beyond. Neeleman noted the likelihood of bankruptcy filings and even potential mergersoccurring within the next year as airlines face mounting financial and operational pressures.