Dubai Aerospace Enterprise (UAE) has signed a US$300 million three-year unsecured term loan agreement with Bank of China (Dubai) Branch, Bank of China, London Branch, and Bank of China (Hong Kong). The loan proceeds will be allocated for general corporate purposes, providing Dubai Aerospace Enterprise with increased financial flexibility.
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Air Serbia achieved notable passenger growth in October 2024, carrying a total of 381,386 passengers across its scheduled and charter services. This figure marks a 4% increase compared to October of the previous year, highlighting the airline’s steady recovery and expansion in the regional and international markets.
SMBC Aviation Capital, headquartered in Ireland, has released its fiscal year 2024 results for the period ending 31 March 2025, posting a 22% year-on-year increase in pre-tax profit to $563 million, excluding exceptional items. The lessor also confirmed $2 billion in core lease rental income and $1.41 billion in total recoveries related to Russian insurance settlements.
BOC Aviation, the Singapore-headquartered aircraft lessor, has successfully closed a US$1.5 billion self-arranged term loan with participation from 21 banks globally. The transaction includes two separate facilities, allocated respectively to BOC Aviation Ltd. in Singapore and BOC Aviation (Ireland) Ltd., reinforcing the group’s diversified funding strategy and global financial positioning.
PLAY Airlines, the Iceland-based low-cost carrier, has reported a net loss of US$26.8 million for the first quarter of 2025, as operating revenues declined 8%, totaling US$46.4 million. The carrier ended the quarter with a cash position of US$21.1 million, reflecting tighter financial conditions amidst softer demand.
Etihad Airways, the national carrier of the UAE, has announced an ambitious expansion plan for 2025, adding ten new destinations to its network. Starting next year, Etihad will connect Abu Dhabi with cities across Africa, Asia, and North America. The newly introduced routes are:
ANA Holdings Inc. (ANA HD) has announced its financial results for the six months ending September 30, 2024, reporting a record operating revenue of 1,099.5 billion yen. This milestone reflects a continued recovery in passenger demand, particularly in international markets.
