Hyundai Glovis to Review Acquisition Rights for Air Incheon Amid Operational Improvements

ByAdmin 04/11/202406/11/2024

Hyundai Glovis, a major shareholder in South Korea’s Air Incheon, is set to evaluate its preemptive acquisition rights for the airline. This decision will be made based on Air Incheon’s advancements in operational improvements, the profitability of Asiana Cargo, and planned aircraft replacements, all of which are key indicators of the airline’s future potential and financial stability.

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Viva Faces Extended Aircraft Groundings Due to Engine Issues but Projects 10% Growth in 2025

ByAdmin 31/10/202403/11/2024

Viva Aerobus, a leading low-cost carrier in Mexico, expects approximately 25 of its aircraft to remain grounded into 2025, with issues anticipated to extend into 2026 due to ongoing challenges with Pratt & Whitney (P&W) engines. These groundings, while impacting operational capacity, have not deterred the airline’s growth outlook for 2025. Viva Aerobus forecasts a…

Financial

Chorus Aviation Completes $7.1M Share Repurchase

ByAdmin 23/05/202526/05/2025

Chorus Aviation, based in Canada, has concluded the final phase of its substantial issuer bid by repurchasing 471,319 shares at a price of US$15.10 per share, resulting in an aggregate purchase value of approximately $7.1 million. The buyback was conducted as part of the company’s capital return strategy to enhance shareholder value.

Corporation | Financial

AerCap Reports Strong 4Q and Full-Year 2024 Transactions

ByAdmin 07/01/202509/01/2025

AerCap Holdings, a leading global aviation leasing company based in Ireland, has announced its 4Q 2024 transactions, showcasing robust performance across its leasing, purchasing, and financing activities. During the fourth quarter, AerCap finalized 92 lease agreements, completed 41 purchases for 27 aircraft, executed 55 sale transactions for 26 aircraft, and secured financing transactions worth approximately $1.8 billion. Additionally, the company…

Airlines | Crisis | Sale

Spirit Airlines Gets Approval to Sell Aircraft to GA Telesis

ByAdmin 29/11/202402/12/2024

Spirit Airlines (US) has received court approval to sell five of the 23 aircraft it has deemed surplus to requirements to GA Telesis (US). The agreement is part of a broader deal that could generate $518.9 million for the airline if all the aircraft are sold.

Airlines | Boeing | CFM International | Delivery | Fleet

China United Airlines Receives B737-800

ByAdmin 10/01/202510/01/2025

China United Airlines has expanded its fleet with the delivery of a B737-800, bearing serial number 37888. The aircraft is on lease and is powered by CFM56-7B26 engines, which are renowned for their efficiency and reliability in short- and medium-haul operations.

Airlines | Financial | Funding

Nepal Airlines Repays $545M in Aircraft Loans from Employee Fund

ByAdmin 23/04/202524/04/2025

Nepal Airlines has continued to reduce its outstanding aircraft debt with the repayment of an additional $3.9 million, bringing its total loan repayments to $545 million. These repayments relate to loans obtained from the airline’s employee fund for the acquisition of four aircraft.

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