|

China Southern to Explore M&A and Investment in Smaller Airlines

ByAdmin

China Southern Airlines, one of China’s largest carriers, has announced plans to conduct in-depth research on strategic cooperation, investment, and M&A (mergers and acquisitions) opportunities with small and medium-sized airlines. This initiative reflects China Southern’s strategy to expand its market influence and enhance its network by potentially partnering with or acquiring smaller carriers. Through this strategic evaluation, China…

| | |

MMAG Aviation Consortium Establishes MMAG Skyfleet Aircraft Leasing Unit in Labuan

ByAdmin

MMAG Aviation Consortium has secured regulatory approval from Labuan, Malaysia, to establish a subsidiary, MMAG Skyfleet, which will operate as an aircraft leasing unit. This strategic move marks MMAG’s entry into the aircraft leasing industry, allowing the consortium to diversify its aviation operations and cater to the growing demand for leasing services within the region….

| | |

Hyundai Glovis to Review Acquisition Rights for Air Incheon Amid Operational Improvements

ByAdmin

Hyundai Glovis, a major shareholder in South Korea’s Air Incheon, is set to evaluate its preemptive acquisition rights for the airline. This decision will be made based on Air Incheon’s advancements in operational improvements, the profitability of Asiana Cargo, and planned aircraft replacements, all of which are key indicators of the airline’s future potential and…

| | |

Stonepeak to Acquire Air Transport Services Group in $3.1 Billion Deal

ByAdmin

Air Transport Services Group (ATSG), a prominent provider of air cargo and aircraft leasing services in the U.S., is set to be acquired by Stonepeak, a leading investment firm, in a transaction valued at approximately $3.1 billion, including debt. This acquisition marks a significant expansion of Stonepeak’s presence in the aviation sector, particularly in cargo…

| | | | | |

Estonia Advances Talks with Investor Lars Thuesen on Sale of Nordic Aviation Group

ByAdmin

The Estonian government has given preliminary approval to proceed with negotiations with aviation investor Lars Thuesen regarding the sale of Nordic Aviation Group and Transpordi Varahaldus, two significant players in Estonia’s aviation sector. This conditional approval allows for the continuation of talks, provided that the Nordic Aviation Group’s board meets specific business performance targets in…

| | | | | |

Aergo Capital Acquires Airbus A320-200 Leased to Iberia

ByAdmin

Aergo Capital Limited, a Dublin-based aircraft leasing company, has announced the acquisition of an Airbus A320-200 aircraft, bearing manufacturer serial number 5692. The aircraft, managed by SMBC Aviation Capital, is currently on lease to Iberia, Spain’s flagship carrier.

| |

Riyadh Air Secures SAR 5 Billion Credit Facility Ahead of 2025 Launch

ByAdmin

Riyadh Air, the emerging Saudi Arabian airline wholly owned by the Public Investment Fund (PIF), has successfully secured its inaugural Islamic Revolving Credit Facility totaling SAR 5 billion. This financial arrangement comprises a SAR 3 billion revolving credit facility, complemented by a committed accordion option for an additional SAR 2 billion. The one-year, unsecured financing…

|

Moody’s Affirms Clover Aviation Capital’s Ratings, Outlook Upgraded

ByAdmin

Moody’s Investors Service has affirmed the long-term and short-term issuer ratings of Clover Aviation Capital, a prominent Hong Kong-based aircraft leasing company. The ratings, set at Baa3 for long-term and P-3 for short-term, are aligned for both foreign and local currency obligations. The outlook has been revised from stable to positive, signaling potential future upgrades…

|

BETA Technologies Secures Over $300M to Advance Electric Aviation

ByAdmin

BETA Technologies, a Vermont-based electric aerospace company, has successfully raised $318 million in a Series C funding round. The investment was led by the Qatar Investment Authority (QIA), with significant participation from existing investors, including Fidelity Management & Research Company and TPG Rise Climate. Notably, longtime customer United Therapeutics also joined this round as an…

| | | | |

Air Vanuatu in Talks for 49% Minority Stake Sale to Boost Operations

ByAdmin

Air Vanuatu, the national airline of Vanuatu, has entered negotiations to sell a 49% minority stake to potential investors, with a focus on revitalizing its financial health and operational reach. The Vanuatu government plans to retain a controlling 51% majority, ensuring national oversight while allowing for strategic investment and expertise from private stakeholders. This move…