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HNA Holdings to Settle Debts with Affiliates Using Assets

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HNA Holdings (China) has announced plans to settle outstanding debts with several of its affiliated entities, including Tianjin Airlines, Capital Airlines, Suparna Airlines, West Air, Deer Jet, Tianjin Cargo, and Grand China Air. The settlement will involve the use of assets from these affiliates to address their financial obligations.

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ORIX Promotes James Meyler and Appoints John O’Donoghue

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ORIX Corporation (Japan) has announced significant leadership changes within its aviation group, highlighting its focus on strengthening its global executive team. James Meyler, currently serving as CEO of ORIX Aviation (Ireland) Group, has been promoted to the role of Group Executive, ORIX, Japan, while retaining his CEO position. This strategic move underscores the corporation’s confidence in Meyler’s leadership and…

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GOL and Abra Group Reach Plan for Chapter 11 Restructuring

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GOL, the Brazilian airline, has entered into a Plan Support Agreement with the Abra Group (UK), its affiliates, and unsecured creditors to facilitate the airline’s financial restructuring under Chapter 11. This agreement will reduce GOL’s prepetition debt and obligations by approximately $2.5 billion, a substantial move aimed at stabilizing its finances and preparing for a sustainable future.

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Stonepeak to Acquire Air Transport Services Group in $3.1 Billion Deal

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Air Transport Services Group (ATSG), a prominent provider of air cargo and aircraft leasing services in the U.S., is set to be acquired by Stonepeak, a leading investment firm, in a transaction valued at approximately $3.1 billion, including debt. This acquisition marks a significant expansion of Stonepeak’s presence in the aviation sector, particularly in cargo…

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FTAI Aviation Reports Strong Q3 2024 Results and Declares Dividend

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FTAI Aviation Ltd. has reported a strong financial performance for the third quarter of 2024, highlighting significant revenue growth and operational achievements. The company declared a quarterly dividend of $0.30 per common share, underscoring its commitment to delivering shareholder value.

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Airbus Sees 5% Revenue Growth in 9M 2024, Despite Lower Net Income

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Airbus has released its financial results for the first nine months of 2024, reporting consolidated revenues of $48.1 billion, a 5% year-on-year increase driven by strong commercial aircraft demand. This growth reflects continued recovery in the global aviation market, where Airbus recorded gross commercial orders totaling 667 aircraft, underscoring sustained demand from airlines looking to…

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AAR Signs Multi-Year Agreement to Supply Chromalloy PMA Parts for CF6-80C2 Engine

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AAR, a US-based aviation services provider, has signed a multi-year agreement with Chromalloy to distribute Parts Manufacturer Approval (PMA) parts for the CF6-80C2 engine. This partnership covers the high pressure turbine Stage 1 and Stage 2 turbine blades, components critical to engine efficiency and durability. The agreement aligns with AAR’s strategy to expand its parts distribution network, providing airlines and maintenance providers with…