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Gevo Secures $1.46 Billion Loan Guarantee from US DOE for Net-Zero 1 SAF Project

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Gevo, a leading sustainable aviation fuel (SAF) producer in the United States, has secured a conditional loan guarantee of $1.46 billion from the US Department of Energy (DOE) Loan Programs Office. This funding commitment is aimed at supporting Gevo’s Net-Zero 1 SAF project in South Dakota, a key initiative in the company’s efforts to produce sustainable fuels and reduce carbon emissions in the aviation sector.

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Italy Suspends ITA Airways Stake Sale to Lufthansa Over Price Dispute

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Italy’s Treasury has temporarily suspended the sale of a 41% stake in ITA Airways to Lufthansa due to a price disagreement between the two parties. The deal, originally announced in May 2023, stipulated that Lufthansa would acquire the stake for €325 million, marking a strategic move to strengthen its position in Southern Europe. However, Lufthansa…

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Aviation Capital Group Reports 9M 2024 Revenues of $923 Million

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Aviation Capital Group (ACG), a leading US-based aircraft leasing company, has reported its 9M 2024 financial results with total revenues reaching $923 million and net income of $113.8 million. The company’s cash and cash equivalents stand at $241.9 million, underscoring ACG’s strong liquidity position and financial resilience in the aviation leasing market. This performance highlights ACG’s consistent revenue growth and profitability amid the recovery of the aviation…

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Air Mauritius Posts Strong First Quarter Profit

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Air Mauritius has announced a net profit of MUR 252.7 million (EUR 4.9 million) for the first quarter of the 2025/2026 financial year, marking the airline’s best first quarter results in nine years. The figures were approved during the board meeting held on 14 August 2025 and reflect a strong performance achieved in spite of significant operational headwinds.

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Sun Country Secures $75M Credit Facility From Mitsubishi UFJ

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Sun Country Airlines (US) has secured a US$75 million senior secured revolving credit facility from Mitsubishi UFJ Financial Group (Japan). The new agreement replaces a previous $25 million revolving credit facility (RCF), representing a major boost to the airline’s liquidity as it continues to expand operations and reinforce its financial flexibility.

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Latvia Temporarily Closes Eastern Airspace For Defense Exercise

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Latvia has announced a temporary closure of its eastern airspace along the borders with Russia and Belarus, citing national defense priorities and heightened regional security concerns. The restriction will begin on September 11, 2025, at 18:00 local time and remain in effect for at least one week.

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ATR Appoints Marion Smeyers as SVP of Operations and Procurement

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ATR, the Franco-Italian regional aircraft manufacturer, has announced the appointment of Marion Smeyers as its new Senior Vice President of Operations and Procurement, effective 01 May 2025. She will succeed Eric Segura and report directly to Nathalie Tarnaud Laude, CEO of ATR.