Abra Group (UK) and Azul (Brazil) have signed a non-binding Memorandum of Understanding (MOU) with the intent to explore a potential combination of their business operations in Brazil. The notice of this development was shared with GOL Linhas Aéreas (Brazil), which clarified that it is not a party to the MOU.
Vietravel (Vietnam), a prominent travel and tourism company, has announced its plan to issue 28.6 million shares to the public in the coming months. This share offering is expected to generate approximately US$13.5 million in capital, which will be primarily used to repay outstanding loans and improve the company’s financial stability.
Avianca Group International‘s subsidiary, Avianca Midco 2, has officially announced an offer to exchange any and all of its outstanding 9.000% Tranche A-1 Senior Secured Notes for newly issued 9.000% Senior Secured Notes, both maturing in 2028. This exchange aims to provide enhanced financial flexibility and optimize the company’s capital structure.
Lufthansa (Germany) successfully issued an unsecured hybrid bond with a total volume of €512 million(approximately US$512 million). The bond, which bears an annual interest rate of 5.25%, has a 30-year term, with the first issuer call date set for 6 years after issuance.
Werner Aero (US) has officially become a wholly owned subsidiary of Sumitomo Corporation of Americas (US), following its full acquisition by Sumitomo Corporation (Japan) and its US division on 27 December 2024. This strategic acquisition marks an important step in strengthening Sumitomo’s global presence in the aviation sector.
Air Serbia and China Southern have entered into a codesharing agreement, aiming to improve air connectivity between Serbia and China. This collaboration marks a significant step in strengthening ties between the two countries, offering passengers seamless travel options and enhanced convenience.
Norwegian has revised its 2024 group operating profit forecast to approximately US$161 million, reflecting a lower-than-expected performance. The adjustment is largely attributed to balance sheet changes resulting from the weakening of the Norwegian Krone (NOK) against the US Dollar (USD) during the fourth quarter of 2024.
LCI (Ireland) and Sumitomo Mitsui Finance and Leasing (Japan) have successfully executed US$420 million in loan facilities, designated to fund social projects, including the acquisition of helicopters. This strategic collaboration highlights the increasing focus on financing projects that contribute to societal benefits, particularly in sectors such as emergency medical services and search and rescue operations.
The Secretaría de la Defensa Nacional (Sedena), the governmental department overseeing Mexicana, has increased its budget request to US$1.0 billion to finance the purchase of 20 Embraer E2 aircraft currently on order. This significant investment highlights Sedena’s ambition to modernize Mexicana’s fleet and enhance its operational capacity.
LOT Polish Airlines (Poland) has completed the repayment of the second tranche of its pandemic-era loan, transferring a total of US$108.6 million plus interest to the State. This repayment marks another significant step in LOT’s financial recovery following the challenges posed by the global COVID-19 pandemic.
