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GOL Reaches Deal to Reduce Liabilities to $250 Million

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GOL Linhas Aéreas, Brazil’s largest low-cost airline, has reached a significant agreement to reduce its liabilities to the Brazilian government by $750 million, cutting the total amount owed to $250 million. This development marks a crucial step in the airline’s efforts to secure a stable financial future and emerge successfully from bankruptcy proceedings.

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GOL Signs Sale-Leaseback Deal for Three Boeing 737 MAX 8 Aircraft

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GOL Linhas Aéreas Inteligentes (Brazil) has entered into two sale-leaseback agreements with SKY Aero Management (Ireland) for three Boeing 737 MAX 8 aircraft. This strategic move is part of GOL’s fleet optimization and financing strategy, leveraging sale-leaseback arrangements to maintain operational flexibility and liquidity.

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Xiamen Airlines Signs TrueChoice Agreement with GE Aerospace for GEnx Engine MRO

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GE Aerospace has announced that Xiamen Airlines, a leading carrier in China, has signed a TrueChoice service agreement to cover maintenance, repair, and overhaul (MRO) services for 35 GEnx engines. These engines power Xiamen Airlines’ fleet of Boeing 787 aircraft, which are instrumental in the airline’s long-haul operations. The TrueChoice agreement reflects both companies’ commitment to enhancing engine performance and maximizing operational efficiency for…

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GOL Reports 3Q 2024 Net Loss Improvement and Revenue Growth

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GOL Linhas Aéreas Inteligentes (GOL), a major Brazilian airline, reported an improvement in its 3Q 2024 financial results with a net loss reduction of 36.2%, bringing the loss to $144 million. This improvement is accompanied by a 6.3% increase in net revenue, totaling $861 million for the quarter. GOL’s total cash holdings at the end of 3Q 2024 were reported at $329 million, indicating solid liquidity…

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Air France Adds New A220-300 to Fleet

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Air France has taken delivery of a new Airbus A220-300, identified by serial 55305, as part of its fleet modernization strategy. The aircraft is equipped with PW1500G engines, known for their exceptional fuel efficiency and reduced environmental impact. This latest addition highlights Air France’s ongoing commitment to operating a more sustainable and efficient fleet.

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Dan Air to Wet Lease A320 to Tarom for Bucharest-Madrid Route

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Dan Air, a Romanian carrier, has entered into a wet lease agreement with Tarom, Romania’s national airline, to support operations on the Bucharest-Madrid route. The agreement will see Dan Air providing an Airbus A320, complete with crew, maintenance, and insurance, for flights scheduled between November 22, 2024, and January 13, 2025.