Esas Holding (Türkiye) has completed the transaction of selling 19.2 million shares in Pegasus Airlines to international investors. The shares represent a 3.85% stake in the carrier, reducing Esas Holding’s ownership to 52.8%.
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United Airlines, a leading U.S. carrier, has enhanced its fleet with the delivery of two Airbus A321neos, identified by serial numbers 11814. These aircraft are equipped with PW1133G-JM engines, recognized for their efficiency and environmental benefits.
GOL, Brazil’s largest domestic airline, has expanded its fleet with the delivery of two new Boeing 737-8 aircraft. The aircraft, identified by serials 44032 and 44033, are powered by LEAP-1B engines, known for their advanced fuel efficiency and environmental performance.
The Pakistani government is set to hold the final auction for Pakistan International Airlines (PIA) on October 30, 2024, marking a significant step in its broader economic reform agenda. This privatization move, supported by the International Monetary Fund (IMF), aims to alleviate the national carrier’s financial struggles while addressing broader economic challenges through structural reforms….
Akasa Air, one of India’s newest airlines, has clarified its stance on fleet expansion, emphasizing that it has no plans to lease aircraft from the secondary market despite delivery delays from Boeing. The airline’s fleet expansion timeline has now been pushed to April 2025, with the delivery of five aircraft anticipated in the first quarter of the 2025-26…
The State Transport Leasing Company (STLC) of Russia reported a sharp decline in net profit for the first nine months of 2024, despite significant revenue growth. According to the company’s latest financial statement, net profit dropped by 2,750%, amounting to just $4.5 million, a steep fall from previous periods. However, revenue increased by an impressive…
Nok Air, a budget carrier based in Thailand, has amended its business rehabilitation plan, implementing critical changes to ensure financial recovery. The updated plan includes revised loan facilities, adjusted repayment terms to lessors, and an extension of the implementation timeline by one year, now running until September 2027.
