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Avolon and Air New Zealand Partner on Electric Aircraft Research

Avolon (Ireland) and Air New Zealand have signed a Memorandum of Understanding (MOU) to collaborate on research aimed at advancing the commercialization of electric aircraft and other novel propulsion technologies, including battery hybrid and hydrogen systems. This partnership underscores both companies’ commitment to driving innovation and sustainability in the aviation sector.

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Azul Announces High Participation in Notes Exchange Offers

Azul (Brazil), along with its subsidiary Azul Secured Finance, has announced the early participation results for its previously disclosed notes exchange offers. The exchange offers yielded high participation rates, with 99.6% of the outstanding principal amount of the 11.930% Senior Secured First Out Notes due 2028 tendered. Additionally, 97.8%of the 11.500% Senior Secured Second Out Notes due 2029 and 94.4% of the 10.875% Senior Secured Second Out…

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Norwegian Group Reports 26.4 Million Passengers in 2024

Norwegian Group reported a total of 1.8 million passengers for December 2024, with 1.4 million traveling on the mainline unit and 293,000 flying with its subsidiary, Wideroe. Over the course of the year, the Group transported more than 26.4 million passengers, marking a significant recovery in travel demand across its network.