Cargo Aircraft Management, a subsidiary of Air Transport Services Group (ATSG), has announced its intention to fully redeem all $700 million in aggregate principal amount of its outstanding 2028 Notes. This financial maneuver is scheduled for April 11, 2025, and is subject to the successful completion of the merger between ATSG and Stonepeak Nile MergerCo.
AirAsia Aviation Group, based in Malaysia, is in the advanced stages of finalizing a significant financial agreement that involves securing up to US$226 million in debt financing. This strategic financial move is being facilitated by an undisclosed domestic bank, with the primary aim of refinancing the group’s existing US dollar-denominated debt and allocating funds for various corporate…
GetJet Airlines, a leading ACMI service provider based in Lithuania, has announced the acquisition of a long-term land lease at Vilnius International Airport (VNO) through an auction organized by Lithuanian Airports. The airline has obtained the rights to develop a 4,664-square-meter plot for a period of 40 years, where it plans to construct a state-of-the-art Maintenance, Repair,…
Kenya Airways, the flag carrier of Kenya, is currently in the process of seeking a strategic investor to aid in its financial recovery and future growth plans. This search is part of a broader strategy that includes completing a significant capital restructuring and enhancing liquidity to ensure sustainable operations.
United Airlines is significantly expanding its operations at its Houston hub by initiating the construction of a new Ground Service Equipment Maintenance Facility spanning 140,000 square feet, along with a state-of-the-art training facility. This development marks a substantial investment in the infrastructure and capabilities of United Airlines at one of its key operational bases.
EPCOR, a subsidiary of the Dutch aerospace group AFI KLM E&M, specializing in Auxiliary Power Unit (APU) services, and Finnair, the flag carrier of Finland, have agreed to extend their maintenance contract for an additional five years. This agreement covers the GTCP331-350 APUs installed on Finnair’s fleet of Airbus A330 aircraft.
Wizz Air Malta, a subsidiary of the Hungary-based Wizz Air, has taken delivery of a new Airbus A321neo, serial number 12480. This aircraft is equipped with the latest Pratt & Whitney PW1133G-JM engines, known for their fuel efficiency and reduced environmental impact.
SolitAir, based in the UAE, has recently expanded its cargo fleet capabilities by taking delivery of a Boeing 737-800BCF (Boeing Converted Freighter). This aircraft, bearing serial number 33023, has been acquired on a wet lease from ASL Aviation Holdings, a prominent Ireland-based aviation services company.
Rimbun Airlines, based in Indonesia, is strategically planning to enhance its fleet by incorporating B737 Classics rather than the newer B737 Next Generation (NG) freighters. This decision stems from current challenges associated with securing necessary engines and parts for the B737NG models.
Lao Airlines, the national carrier of Laos, is poised to enhance its fleet capabilities with the introduction of the C909aircraft. This modern aircraft is scheduled for delivery by the end of March 2025, signaling a major step forward in the airline’s operational expansion.
