Lanexang Airways has secured $15 million in funding from Lao Development Bank to support its expansion strategy, focusing on developing new flight routes starting from the second half of 2025.
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Dubai Aerospace Enterprise (DAE) has released its financial results for the nine months ending September 30, 2024, demonstrating strong leasing performance and resilient revenue growth. The company, a leading global aircraft lessor, saw positive trends across its leasing and management portfolios, which contributed to increased profitability in a dynamic market. DAE has managed to navigate…
Saudia Group has signed a significant aircraft acquisition deal with Airbus, committing to the addition of up to 20 A330neo widebody aircraft to support the group’s long-term fleet expansion plans. Of these, 10 are firm orders allocated to flyadeal, the group’s low-cost subsidiary. Deliveries are scheduled to begin in 2027 and conclude by 2029.
AirAsia Aviation Group, based in Malaysia, is exploring the establishment of a new airline unit in Vietnam as part of its ambitious multi-hub strategy for Southeast Asia. This move highlights AirAsia’s commitment to expanding its footprint in the region and capitalizing on the growing demand for air travel in Vietnam.
Conviasa (Venezuela) has announced the launch of a new route connecting Caracas to Guangzhou, China, with a stopover in Moscow, Russia. The service is scheduled to commence on December 20, 2024, marking a significant expansion in the airline’s international network.
LOT Polish Airlines (Poland) has completed the repayment of the second tranche of its pandemic-era loan, transferring a total of US$108.6 million plus interest to the State. This repayment marks another significant step in LOT’s financial recovery following the challenges posed by the global COVID-19 pandemic.
