Aircastle, a US-based aircraft leasing company, has delivered the second of five planned A321neo aircraft to IndiGo, India’s largest airline by market share. The aircraft, identified as serial 12329, is powered by LEAP-1A32 engines, known for their efficiency and environmental benefits.
Air Canada has announced its plan to transfer its B737 MAX fleet to its low-cost subsidiary, Air Canada Rouge, by 2028. This strategic move aims to streamline Rouge’s operations by eventually consolidating the unit to a single fleet type, enhancing operational efficiency and reducing costs. Meanwhile, the mainline Air Canada unit still has 12 more B737 MAX aircraft on order, ensuring continued modernization and…
Aeroitalia, the Italian airline, has announced plans to wet lease an Embraer E175 from Marathon Airlines (France). The aircraft will be utilized for domestic routes in Italy, with operations scheduled between 30 March and 25 October 2025. This partnership enhances Aeroitalia’s fleet capabilities during a high-demand period, ensuring reliable service across its network.
Finnair, the national carrier of Finland, has received export credit support exceeding US$105 million to finance its 18th Airbus A350-900. The funding, facilitated by the export credit agencies of Germany, France, and the UK, underscores international confidence in the airline’s operational and financial stability. The aircraft, identified as serial 708, was financed through an arrangement led by Citibank Europe (UK).
Azul Secured Finance, a subsidiary of Azul (Brazil), has announced the commencement of exchange offers for Eligible Holders of its outstanding 11.500% Senior Secured Second Out Notes due 2029 and 10.875% Senior Secured Second Out Notes due 2030. These notes are to be exchanged for newly issued notes of the same respective terms and maturities. The initiative aims to provide greater flexibility…
Air Canada has unveiled its 2028 financial targets, outlining ambitious goals that include achieving US$21 billion in operating revenues, a minimum adjusted EBITDA margin of 17%, and approximately 5% free cash flow margin. These targets highlight the airline’s focus on long-term profitability and sustained financial growth.
SKY Airline, based in Chile, and Air Europa, headquartered in Spain, have entered into an interline agreement, enabling seamless connectivity for passengers through key hubs in Madrid and Medellin. The partnership enhances travel options across Europe and Latin America, strengthening ties between the two regions.
SolitAir, a UAE-based airline, has commenced daily scheduled flights between Dubai and Riyadh as of 04 December 2024. The flights are being operated with a Boeing 737-800F, enhancing cargo connectivity between two major economic hubs in the Gulf region.
Singapore Airlines Group has reported passenger traffic for November 2024, carrying a total of 3.3 million passengers. Despite the increase in passenger numbers, the Passenger Load Factor (PLF) experienced a slight dip of 0.8 points, settling at 87%.
LIAT 20, the Antigua-based airline, has announced the launch of direct flights between Jamaica and Antigua starting 20 December 2024. This new route marks a significant milestone in enhancing Caribbean regional connectivity ahead of the busy holiday travel season.
