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Etihad Achieves $368M Profit in 9M 2024, Plans $1B Cabin Upgrade for B787 and B777

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Etihad Airways, based in the United Arab Emirates, has reported a substantial profit of $368 million for the first nine months of 2024. This achievement came on the back of a 21% increase in revenue, totaling $5 billion. This strong financial performance underscores Etihad’s ongoing efforts to boost profitability and expand its market presence amid a global resurgence in air travel demand.

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Aircraft Engine Lease Finance Completes B737-800 Financing with Nedbank CIB

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Aircraft Engine Lease Finance (AELF), a US-based leasing company, has successfully completed the financing of a Boeing 737-800 in partnership with Nedbank CIB, a prominent South African financial institution. This transaction highlights AELF’s strategic focus on expanding its leasing portfolio while leveraging global partnerships to support aviation operations worldwide.

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Riyadh Air Plans Widebody Aircraft Order for 2025 to Expand Capacity

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Riyadh Air, Saudi Arabia’s new national carrier, has announced plans to place an order for widebody aircraft in 2025, with models capable of seating over 300 passengers. According to CFO Adam Boukadida, this strategic move is part of Riyadh Air’s broader objective to expand its fleet and position itself as a major player in international…

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Capital A Appoints Pattra Boosarawongse as Deputy CEO

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Capital A, the Malaysia-based parent company of AirAsia, has announced the promotion of its Chief Financial Officer, Pattra Boosarawongse, to the position of Deputy CEO, effective 1 November 2024. This appointment reflects Capital A’s recognition of Boosarawongse’s contributions and expertise, particularly in financial strategy and organizational leadership. As Deputy CEO, Boosarawongse is expected to play…

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Norse Atlantic Airways Raises $8.7 Million via Private Placement

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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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Africa Charter Airline Adds Second B737-400F

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Africa Charter Airline (South Africa) has expanded its fleet with the acquisition of its second Boeing B737-400F, serial 24917, demonstrating its long-term commitment to its B737C freighter fleet. This addition marks a significant milestone in the airline’s strategy to strengthen its cargo operations and meet growing demand in the African air freight market.

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NyxAir Offers ATR72-500F for Wet Lease, Charter, and Dry Lease

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NyxAir, an Estonian airline, has announced the availability of an ATR72-500F for various leasing and charter arrangements, including short- and long-term wet leases, full charter services, and dry lease options. This versatile ATR72-500F freighter is well-suited for flexible cargo operations, addressing the growing demand for regional freight solutions across Europe and beyond.