Cargojet to Redeem 5.75% Hybrid Debentures on December 27, 2024

ByAdmin 15/11/202419/11/2024

Cargojet, a leading Canadian cargo airline, has announced its decision to redeem in full all of its outstanding 5.75% senior unsecured hybrid debentures on December 27, 2024. The debentures, originally scheduled to mature on April 30, 2025, will be repaid earlier than anticipated as part of Cargojet’s strategic financial management plan. This move underscores the company’s focus on maintaining a strong balance sheet and optimizing its capital structure.

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Airlines | Boeing | CFM International | Delivery | Fleet

WestJet Adds Boeing B737-8 to Fleet

ByAdmin 29/11/202402/12/2024

WestJet (Canada) has expanded its fleet with the delivery of a Boeing B737-8, identified by serial number 60555. The aircraft, powered by LEAP-1B27 engines, has been acquired on lease to support WestJet’s growing operational needs.

Airlines | Fleet

JetSMART Expands Fleet in Argentina, Investing $160M in 2024

ByAdmin 01/11/202404/11/2024

JetSMART, an airline with ties to China, is expanding its fleet in Argentina, adding two new aircraft to bring its total to 10 by the end of 2024. This move is part of a $160 million investment in Argentina this year, aimed at increasing JetSMART’s presence and enhancing its domestic route offerings. The airline’s expansion…

Airlines | Low Cost Carrier

Spirit Airlines Delays 10-Q Filing Amid Restructuring Talks with Noteholders

ByAdmin 13/11/202414/11/2024

Spirit Airlines, a US-based low-cost carrier, has announced a delay in filing its 10-Q quarterly report due to ongoing restructuring discussions with noteholders. The airline’s decision to postpone the filing reflects its focus on managing debt and financial commitments as it navigates restructuring efforts. These discussions are part of a broader strategy to address Spirit’s financial stability amid…

Airlines | COMAC | Delivery | Fleet | General Electric

Chengdu Airlines Adds Two ARJ21-700 Aircraft

ByAdmin 01/12/202404/12/2024

Chengdu Airlines (China) has expanded its fleet with the delivery of two ARJ21-700 aircraft, identified by serials 10151 and 201. Both aircraft are powered by CF34-10A engines, enhancing the airline’s capacity to meet growing passenger demand.

Lufthansa to Offer Seasonal Winter Flights from Munich to Johannesburg and São Paulo

ByAdmin 04/11/202406/11/2024

Lufthansa has announced the conversion of its Munich to Johannesburg and Munich to São Paulo routes into winter seasonal services, beginning March 30, 2025. Both routes will be operated with the Airbus A350-900, offering passengers a modern and comfortable long-haul travel experience on these popular routes to South America and Africa.

Airlines | ATR | Investor

TransVerde Airlines Seeks $15M to Launch Cabo Verde Domestic Operations

ByAdmin 13/11/202414/11/2024

TransVerde Airlines, a new carrier in Cabo Verde, is actively seeking $15 million through a mix of equity and debt financing to fund the launch of its domestic passenger and cargo operations. The airline, led by founder and president Rui Lima, plans to operate with three leased ATR42/72 aircraft. Brookfield Aviation Finance from the UK is advising TransVerde on securing the necessary funding, which will…

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