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Korean Air Completes Acquisition of Asiana Airlines

ByAdmin

Korean Air is set to officially finalize its acquisition of a controlling stake in Asiana Airlines (South Korea) today. This strategic move will see Korean Air invest $1.07 billion to purchase a 63.9% stake in Asiana through a third-party share issuance, marking a significant milestone in the consolidation of South Korea’s aviation industry.

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Wizz Air Takes Delivery Of First A321XLR, Serial 11631

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Wizz Air, the Hungary-based ultra-low-cost carrier, has received its first Airbus A321XLR, bearing serial number 11631. The aircraft is powered by PW1133GR-JM engines, part of the Pratt & Whitney GTF family, and will be operated by Wizz Air UK, the airline’s UK subsidiary.

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Silver Airways Files for Chapter 11 Protection

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Silver Airways (US) has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court, initiating a financial restructuring process aimed at securing additional capital. This decision reflects the airline’s strategy to strengthen its financial position and enhance its ability to navigate a challenging economic environment.

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Air Cairo Takes B737-800 on Wet Lease, Plans Six A320ceo Acquisitions

ByAdmin

Air Cairo, the Egyptian hybrid carrier and subsidiary of EgyptAir, has taken delivery of a Boeing 737-800, serial number 40146, on wet lease from SkyUp Airlines of Ukraine. The aircraft will support the airline’s regional and charter operations during a period of fleet expansion and transition.

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Kuwait Airways Receives First A321neo From Airbus

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Kuwait Airways has taken delivery of its first Airbus A321neo, bearing manufacturer serial number 12345, marking the beginning of a fleet renewal initiative that includes a total of nine A321neo aircraft on order. The delivery is part of the airline’s broader strategy to modernize its narrowbody fleet with fuel-efficient, next-generation aircraft.