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Air India Express to Add 65 Aircraft in Three-Year Expansion

Air India Express, a leading low-cost subsidiary of Air India, has unveiled an ambitious plan to add 65 aircraft to its fleet over the next three years. This significant expansion aligns with the airline’s strategic goal to enhance its capacity and footprint in the regional and international aviation markets.

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Norse Atlantic Airways Raises $8.7 Million via Private Placement

Norse Atlantic Airways, a Norway-based long-haul low-cost carrier, has successfully raised $8.7 million in gross proceeds through a private placement. The placement involved the issuance of 19.2 million new shares, directed towards B T Larsen & Co (Cyprus). The capital increase has been formally registered, marking a key step in bolstering the airline’s financial stability and funding future operational goals.

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Spirit Airlines Expands Fleet with A321neo

Spirit Airlines, a major U.S. low-cost carrier, has added an Airbus A321neo to its fleet, further expanding its capacity to serve high-demand routes. The aircraft, bearing serial number 12335, is powered by PW1133G-JM engines, known for their fuel efficiency and reduced carbon emissions.

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Southwest Airlines Raises 4Q 2024 Revenue Guidance

Southwest Airlines, one of the largest low-cost carriers in the United States, has revised its financial outlook for the fourth quarter of 2024, increasing its guidance for unit revenues. The airline now expects unit revenues to rise between 5.5% and 7%, a significant improvement driven by strong demand and optimized capacity.