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Kenya Airways Reports First Full-Year Profit in 12 Years

Kenya Airways has achieved a notable financial milestone, reporting its first full-year profit in 12 years. In 2024, the airline recorded a total revenue of $1.5 billion, up 6% from the previous year, culminating in a net profit of $41.7 million. A significant contributor to this success was gains from foreign exchange, a key driver in the airline’s…

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Deutsche Bank Considers Financing Blackstone’s Bid for Trans Maldivian Airways

Deutsche Bank, a major global financial institution based in Germany, is currently evaluating interest from various banks and private credit funds regarding the provision of a $200 million loan. This financing is intended to support the bid by Blackstone, a leading US-based investment firm, for the acquisition of Trans Maldivian Airways.

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AerCap Prices $500 Million Junior Subordinated Notes Offering Due 2056

AerCap Ireland Capital and AerCap Global Aviation Trust, key entities within the global aircraft leasing industry, have successfully priced an offering of junior subordinated notes. The offering amounts to $500 million in aggregate principal, with the notes set to mature in 2056. These notes will carry a fixed-rate reset structure, starting with an initial interest rate of…

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Air Lease Receives $328.5M in Settlements Over Detained Aircraft in Russia

Air Lease Corporation (ALC) and several of its subsidiaries have successfully negotiated settlement agreements with a number of insurers, resulting in a substantial cash inflow of $328.5 million. These settlements are a significant part of ALC’s efforts to recuperate losses stemming from its $791.0 million write-off related to its aircraft interests that were detained in Russia.

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Aircalin Seeks Financing for Airbus A350-900 Order

Aircalin, the airline of New Caledonia, has yet to finalize the financing arrangements for its upcoming delivery of Airbus A350-900 aircraft, scheduled for 2026 and 2028. The airline needs to secure financing in the range of US$127-219 million, a matter currently under debate by New Caledonian Congress.