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IAG CEO Awaits Decision on Air Europa Capital Increase

ByAdmin

IAG CEO Luis Gallego has not yet confirmed whether the group will take part in Globalia’s proposed capital increase for Air Europa, aimed at strengthening the Spanish airline’s financial stability. This potential investment would enhance Air Europa’s fiscal resilience, particularly valuable as the airline seeks to recover from recent economic challenges and compete effectively within Europe.

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flynas to Launch Nonstop Riyadh–Entebbe Service in January 2025

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flynas, a Saudi Arabian low-cost airline, has announced the launch of a new nonstop service connecting Riyadh to Entebbe, Uganda. Scheduled to commence on 12 January 2025, the route will be operated with the fuel-efficient Airbus A320neo. This new service marks an important step for flynas as it expands its international footprint in East Africa,…

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Garuda Indonesia Adds Two A330-300s On Wet Lease

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Garuda Indonesia has expanded its widebody fleet with the wet lease of two Airbus A330-300 aircraft, manufacturer serial numbers (MSNs) 1619 and 692, from Thai AirAsia X. Both aircraft are powered by Rolls-Royce Trent 772B-60 engines and are expected to support medium- to long-haul operations across the airline’s international network.

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7 Air Gains Preliminary Approval for US Cargo Operations

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7 Air, a US-based carrier, has received preliminary approval from the US Department of Transportation (DOT) to commence its cargo operations. The airline will begin with two Boeing 737-800 P2F (Passenger-to-Freighter) aircraft, identified by serial numbers 34799 and 33471.

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Aircastle Secures $600M Loan From Japanese Banks

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Aircastle has entered into a significant financial agreement with a consortium of Japanese banks, securing a five-year unsecured term loan totaling $600 million. This strategic funding initiative provides the company with an opportunity to increase the total loan amount to $700 million during the first year of the agreement, offering considerable flexibility to support its leasing and investment operations.