China Eastern Secures $691M in Perpetual Debt Financing

ByAdmin 27/11/202401/12/2024

China Eastern Airlines has announced the successful raising of $691 million in perpetual debt financing from its controlling shareholder, China Eastern Airlines Group Co. The debt carries an annual interest rate of 2.20%, providing the airline with a flexible financial instrument to support its operations and growth initiatives.

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Airlines | Network

Air Arabia to Launch Ras Al Khaimah-Tashkent Route

ByAdmin 16/12/202417/12/2024

Air Arabia, the UAE-based low-cost carrier, has announced the launch of a new route connecting Ras Al Khaimah and Tashkent, set to commence on 27 December 2024. The airline will expand its operations at Ras Al Khaimah International Airport with the addition of a new aircraft, enabling this service and strengthening its presence in the region.

Credit | Financial | Lessor

Avolon Extends and Upsizes Credit Facility to $5.8 Billion

ByAdmin 02/12/202404/12/2024

Avolon (Ireland), a leading global aircraft leasing company, has announced a significant enhancement to its unsecured revolving credit facility. The facility, backed by a syndicate of 25 banks, has been upsized by $1 billion, bringing the total to $5.8 billion, and its maturity date has been extended by two and a half years, from April 2026 to October 2028.

Airlines | Financial | Flag Carrier | Traffic

Turkish Airlines Passenger Numbers Rise in November 2024

ByAdmin 12/12/202413/12/2024

Turkish Airlines achieved significant growth in November 2024, recording an 8.3% increase in passengers compared to the same period last year. The airline transported a total of 6.5 million passengers during the month, reflecting its robust operational capacity and demand recovery in the aviation sector.

Airlines | Financial | Flag Carrier | Half Year Performance

Emirates Reports 5% Revenue Growth to $16.9B in 1H 2024

ByAdmin 08/11/202412/11/2024

Emirates, the UAE’s flagship carrier, reported strong financial results for the first half of 2024, with revenue up by 5%to $16.9 billion. The airline achieved a profit after tax of $2.4 billion, underscoring its robust financial health amid a competitive global aviation environment.

Airlines | Embraer | Fleet | Lessor | Wet Lease

Air Serbia Extends Wet Lease of Two E190s from Bulgaria Air

ByAdmin 28/11/202402/12/2024

Air Serbia has announced the extension of its wet lease agreement for two Embraer E190 aircraft from Bulgaria Airinto 2025. This decision ensures continued operational flexibility and capacity to meet passenger demand.

Airbus | Airlines | CFM International | Delivery | Fleet

China Southern Receives New A320neo with LEAP-1A26 Engines

ByAdmin 12/11/202414/11/2024

China Southern Airlines has expanded its fleet with the recent delivery of a new Airbus A320neo, identified by serial number 12294. This latest addition is powered by advanced LEAP-1A26 engines from CFM International, known for their fuel efficiency and reduced emissions. The acquisition aligns with China Southern’s ongoing commitment to fleet modernization and environmental sustainability, providing enhanced performance on regional…

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