Air Arabia has expanded its fleet with the addition of a leased Airbus A320, bearing serial number 6072. The aircraft, registered as A6-AQQ, was delivered on January 30, 2025 and is powered by CFM56-5B4/3 engines, known for their efficiency and reliability.
Aeromexico has strengthened its fleet with the addition of a Boeing 737-9, serial 66372, which has been acquired on lease and is powered by LEAP-1B28 engines. This latest addition aligns with the airline’s commitment to modernizing its narrowbody operations with next-generation aircraft designed for improved fuel efficiency and lower operational costs.
Sun Country Airlines has strengthened its financial position by raising $60 million through a new C-tranche appended to its 2019-1 Enhanced Equipment Trust Certificate (EETC). The airline used the full amount to pay down a significant portion of its term loan, which was financing five Boeing 737-900ER aircraft. This move reflects the airline’s strategy of optimizing its capital structure, reducing long-term debt obligations,…
Global Crossing Airlines has released its preliminary financial projections for the fourth quarter and fiscal year ending December 31, 2024. The company anticipates Q4 2024 revenue to be between $55 million and $61 million, with an EBITDA ranging from $2 million to $5 million.
ANA Holdings, Japan’s largest airline group, has announced its financial results for the nine-month period ending December 31, 2023. The company reported a 10% increase in revenue, reaching $10.9 billion, while net income experienced a slight decline, totaling $863 million.
AFG Aviation Ireland Limited, a wholly-owned subsidiary of Aircraft Finance Germany GmbH, has successfully completed the acquisition of an Airbus A320-214 aircraft, bearing Manufacturer Serial Number (MSN) 4927, from CAI Limited, an affiliate of Cebu Air, Inc. (Cebu Pacific), the leading airline in the Philippines.
Azul, a leading Brazilian airline, has completed a comprehensive debt restructuring plan, resulting in significant shifts in its ownership structure. The restructuring has led to a substantial reduction in the company’s debt by nearly $1.6 billion, as reported by Reuters.
Air Mauritius, facing ongoing financial difficulties, is in urgent need of an equity cash injection, according to its newly appointed chairman, Kremchand Beegoo. The airline is actively working to assess its financial standing, restructure its ownership model, and convince shareholders to support its recovery.
Air Europa, Spain’s second-largest airline, has announced plans to sell 20% of its capital to generate funds for repaying its bailout debt, which is due in 2026. The airline has made it clear that it does not want any new partners influencing its operations, signaling a preference for financial backing without strategic control.
Air Belgium, facing prolonged financial difficulties, has restructured its operations by transitioning to Air One Belgium, a move that emphasizes cargo services over passenger flights. This strategic shift has led to the exclusion of cabin crew from the new operational framework, resulting in the loss of nearly 130 jobs. In late 2024, a consortium comprising the Dutch PESO…
