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EgyptAir Receives Boeing 787-9

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EgyptAir, the national carrier of Egypt, has taken delivery of a Boeing 787-9 Dreamliner, expanding its fleet with a state-of-the-art long-haul aircraft. The aircraft, registered as SU-GFZ, is powered by Trent 1000-J3 engines, renowned for their efficiency and reliability in long-haul operations.

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Jazeera Airways Posts 66% Profit Increase in 3Q 2024

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Jazeera Airways, Kuwait’s leading low-cost airline, reported a strong financial performance for the third quarter of 2024, with a 66.1% increase in net profit, reaching $37.8 million. The airline’s Group operating revenue also grew by 5.7% year-over-year, totaling $211 million. This substantial profit growth underscores Jazeera Airways’ successful strategies in managing operational efficiency and capitalizing…

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CDB Aviation Leases Two Boeing 737 MAX 8s to Ethiopian Airlines

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CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., has announced the signing of lease agreements with Ethiopian Airlines for two Boeing 737 MAX 8 aircraft, further strengthening the African flag carrier’s position as a regional leader in fleet modernization and connectivity.

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Virgin Atlantic Mortgages Heathrow Slots for $330 M, Faces UK Regulatory Probe

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Virgin Atlantic has entered a financing arrangement in which it mortgaged part of its slot portfolio at London Heathrow for $330 million, drawing scrutiny from UK aviation regulators and government authorities. The financing move was reportedly designed to fund shareholder dividends, in particular payments to U.S. partner Delta Air Lines.