Fly Play Receives Takeover Offer From BBL 212

ByAdmin 12/06/202513/06/2025

Fly Play, the Icelandic low-cost airline, has received a voluntary takeover proposal from BBL 212, a newly formed Icelandic investment group. This group is spearheaded by Einar Orn Olafsson, currently the CEO of PLAY, and Elias Skili Skulason, the airline’s Vice Chairman. The proposed acquisition would see BBL 212 acquire 100% of Fly Play’s shares, reflecting a significant internal consolidation effort to reposition the airline strategically.

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Airbus | Airlines | Delivery | Fleet | Pratt & Whitney

LATAM Brasil Adds A320neo with PW1127G-JM Engines

ByAdmin 06/01/202509/01/2025

LATAM Airlines Brasil has expanded its fleet with the delivery of a new Airbus A320neo, featuring serial number 12371. The aircraft is equipped with PW1127G-JM engines, manufactured by Pratt & Whitney, renowned for their exceptional fuel efficiency and reduced emissions.

Airlines | Traffic

PLAY Reports November 2024 Passenger Decline, Load Factor Rises

ByAdmin 09/12/202411/12/2024

PLAY (Iceland) reported carrying 99,393 passengers in November 2024, reflecting a 17% decline compared to the same month last year. Despite the drop in passenger numbers, the airline achieved a 7.9-point increase in load factor (LF), which rose to 82.4%.

IndiGo to End B777-300ER Damp Lease with Turkish Airlines

ByAdmin 01/06/202503/06/2025

IndiGo (India) has announced plans to terminate its damp lease of two B777-300ER aircraft operated in collaboration with Turkish Airlines. The decision was confirmed after India’s Directorate General of Civil Aviation (DGCA) granted a three-month extension, setting the final lease end date as 31 August 2025.

Airlines | Financial

Azorra Completes $550 Million Unsecured Notes Offering

ByAdmin 04/07/202507/07/2025

Azorra Aviation Holdings, a U.S.-based aircraft leasing and investment firm, has successfully closed a $550 million senior unsecured notes offering. The issuance reflects strong demand for mid-tier aviation lessors as the industry rebounds from post-pandemic disruptions.

Airlines | Boeing | Network

LOT Polish Airlines Launches Krakow–Paris Orly Route

ByAdmin 17/01/202520/01/2025

LOT Polish Airlines has announced the launch of direct flights from Krakow (Poland) to Paris-Orly (France), with services set to commence on March 31, 2025. The route will be operated using the Boeing 737-8, offering passengers a modern and efficient travel experience.

Airlines | Corporation | Sale

Tire Bank Acquires Control Of Air Premia

ByAdmin 03/05/202503/05/2025

Air Premia, the South Korean hybrid airline, is undergoing a significant ownership change following the announcement that Tire Bank, a South Korean tire distribution and retail group, will assume control of the carrier. Tire Bank, acting through its affiliate AP Holdings, will raise its shareholding in Air Premia to 68% after acquiring an additional 22% stake from existing investors JC Partners and Sono Hospitality.

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