GOL Linhas Aéreas, the Brazilian low-cost carrier, has secured a critical agreement with key creditors that paves the way for its emergence from Chapter 11 bankruptcy protection, likely by June 2025. The agreement includes an additional $125 million in financing, bringing the total raised through the restructuring process to at least $1.37 billion.
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Air Arabia, the UAE-based low-cost carrier, has announced the launch of a new route connecting Ras Al Khaimah and Tashkent, set to commence on 27 December 2024. The airline will expand its operations at Ras Al Khaimah International Airport with the addition of a new aircraft, enabling this service and strengthening its presence in the region.
VietJet Air, a prominent low-cost carrier in Vietnam, has added to its fleet with the delivery of a new Airbus A321neo, bearing serial number 11107. This aircraft is powered by advanced PW1133G-JM engines, known for their efficiency and environmental performance.
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.
Philippine Airlines (PAL) has unveiled its near- and long-term fleet expansion plans, with the introduction of two additional aircraft in 2025, increasing its total fleet from 79 to 81 aircraft. This incremental growth is a prelude to a much larger fleet enhancement initiative that includes nine Airbus A350-1000s and thirteen A321neo aircraft in the coming years.
Boliviana de Aviación (BoA) has outlined its fleet expansion plans for 2025, aiming to bolster its operations and enhance its service capabilities. The national carrier intends to introduce two net new aircraft starting from February 2025, bringing its total fleet size to 23 aircraft by the end of the year.
Asiana Airlines, a major carrier based in South Korea, has expanded its cargo fleet with the addition of a Boeing 747-400F, serial number 30765. This new freighter is equipped with CF6-80C2B1F engines, manufactured by General Electric, known for their reliability and performance in long-haul freight operations. The B747-400F will bolster Asiana’s cargo capacity, supporting the airline’s logistics network across Asia and…
