Eve Air Mobility, a pioneering company in the advanced air mobility sector, has been selected by FINEP (Brazilian Funding Authority for Studies and Projects) to receive a grant of up to $15.8 million. This substantial support will back the company’s ongoing development initiatives, with the total project investment estimated at $33.8 million. Please SUBSCRIBE to view the full content.
First month of membership is free!
Kenya Airways, the flag carrier of Kenya, is currently in the process of seeking a strategic investor to aid in its financial recovery and future growth plans. This search is part of a broader strategy that includes completing a significant capital restructuring and enhancing liquidity to ensure sustainable operations.
Cargojet, a leading Canadian air cargo carrier, has announced that the Toronto Stock Exchange (TSX) has accepted its notice to renew the company’s normal course issuer bid, allowing Cargojet to repurchase a portion of its common and variable voting shares. This renewal enables Cargojet to buy back up to 1,500,000 shares, with the program set…
Silver Airways, a U.S.-based regional carrier, has received a $5.78 million stalking horse bid from KIA II, a financial firm that had previously provided debtor-in-possession (DIP) financing to the airline. This development positions Silver Airways to move forward in its efforts to exit bankruptcy proceedings and reestablish operational normalcy.
American Airlines Group, one of the largest carriers in the United States, has reported robust financial performance for 2024, with total revenue reaching $54.2 billion and a net income of $846 million. The company ended the year with $10.3 billion in total available liquidity, highlighting its strong financial position.
Azul (Brazil) has taken a strategic step in its fleet renewal program by returning one Airbus A330-200, identified by serial 494, to its lessor. This move is part of Azul’s efforts to modernize its long-haul operations and enhance operational efficiency.
United Airlines has reported its third-quarter financial results for 2024, showing a total operating revenue increase of 2.5% to $14.8 billion compared to the previous year.
