GOL, one of Brazil’s leading airlines, has expanded its fleet with the addition of a new Boeing B737-8 aircraft. The aircraft, identified by serial number 44025, is equipped with state-of-the-art LEAP-1B engines, a product of CFM International, renowned for their fuel efficiency and reduced environmental impact.
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TAP Air Portugal announced plans to issue €350 million in five-year bonds, targeting institutional investors as part of a strategy to strengthen its financial position and extend debt maturity. The initiative aims to refinance TAP’s existing liabilities and consolidate its cash flow amidst ongoing financial challenges. The airline expects the proceeds to enhance its financial…
Greater Bay Airlines is set to launch a new scheduled service between Hong Kong and Tunxi on December 4, 2024, utilizing a Boeing 737-800 aircraft. This new route expands Greater Bay Airlines’ network within East Asia, offering travelers a direct connection between Hong Kong and the scenic city of Tunxi, located in China’s Anhui Province. The route is expected to serve tourists and…
Lufthansa (Germany) has issued an urgent appeal to German Chancellor Olaf Scholz and European Commission President Ursula von der Leyen, highlighting critical challenges faced by the European aviation industry. In a formal letter, Lufthansa’s management has demanded enhanced support for the sector to safeguard its competitive position on the global stage.
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.
Fitch Ratings (US) has announced that the Chapter 11 bankruptcy filing of Spirit Airlines (US) will not have a material impact on Aircraft Lease ABS (Asset-Backed Securities). The credit rating agency attributes this stability to the limited exposure of ABS pools to aircraft leased by Spirit Airlines.
SkyWest Airlines, a regional U.S. carrier, has entered a multi-year agreement with United Airlines to bolster its fleet with 40 CRJ550 aircraft. This deal includes SkyWest acquiring 11 used CRJ550s and converting 29 of its existing CRJ700s to the CRJ550 configuration, an industry-first regional jet model tailored to provide a spacious, enhanced passenger experience. Additionally,…
