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interCaribbean Acquires Eight E170s With Investec Support

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interCaribbean Airways, based in the Turks & Caicos, has announced the acquisition of eight Embraer E170 aircraft formerly operated by EgyptAir Express. The transaction is backed by financing from Investec, a UK-based specialist bank and asset manager. In addition to funding the acquisition, Investec is also providing refinancing for five ATRscurrently in interCaribbean’s fleet.

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JD Airlines Takes Delivery of B737-800BCF for Expanding Cargo Fleet

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United Airlines Takes Delivery Of B737-8 Serial 68814

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Global Crossing Airlines 3Q 2024 Revenue Rises 23% to $52.4M

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Global Crossing Airlines (USA) achieved a notable 23% increase in revenue for the third quarter of 2024, totaling $52.4 million. Despite this revenue growth, the airline’s net loss remained flat at $4.9 million, and it held $7.8 million in cash and restricted cash, underscoring its commitment to operational expansion and financial stability.

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Vietnam Airlines Considers New Share Issuance Plan

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Vietnam Airlines is seeking to bolster its financial standing through a proposed share issuance plan aimed at raising capital from existing shareholders. Lawmakers in Vietnam are currently evaluating options to facilitate this initiative, which could significantly strengthen the national carrier’s fiscal resilience and operational capabilities.