flynas, a leading low-cost airline based in Saudi Arabia, is gearing up for a significant financial move by planning to float on Riyadh’s stock exchange. The airline has announced its intention to offer a 30% stake in its initial public offering (IPO).
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Thai Airways is facing further delays in its ongoing business rehabilitation process as creditors who sought to revoke the resolution to amend the rehabilitation plan encountered a setback. The Central Bankruptcy Court has postponed their hearing to 21 January 2025, granting creditors additional time to prepare the necessary documentation.
Akasa Air, a fast-growing airline based in India, will receive a capital injection of $130-140 million following a minority stake sale to a consortium of Indian investors, including Premji Invest and Claypond Capital. This strategic move underscores the airline’s commitment to expansion and strengthening its financial position.
JetSMART Argentina, a leading low-cost carrier in South America, is set to bolster its operations with the addition of its 12th aircraft, an Airbus A320neo. Scheduled to join the fleet at the end of January 2025, this delivery marks another milestone in the airline’s ongoing expansion and modernization efforts.
China Southern Airlines recently took delivery of an Airbus A321neo with serial number 12322, further expanding its fleet with modern and efficient aircraft. The aircraft is powered by advanced LEAP-1A32 engines, manufactured by CFM International, known for their fuel efficiency and reduced emissions.
Avolon, a leading aircraft leasing company based in Ireland, has announced its operational and financial highlights for the fourth quarter of 2024, showcasing significant growth and strategic progress. During the quarter, Avolon acquired 12 aircraft and transitioned five aircraft to 10 customers. The company also finalized 17 sale and leaseback agreements, sold 29 aircraft, and signed Letters of Intent (LOIs) for the sale of an…
Air Algérie has announced the lease of six aircraft to be delivered by September 2025 as a temporary solution to compensate for the 12 aircraft grounded due to maintenance and spare parts issues. This move comes as the carrier works to maintain operational capacity and meet passenger demand.
