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.
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Italian airline ITA Airways is set to resume flights between Libya and Italy, an important development following years of suspended services due to security concerns.
Transavia, the Dutch low-cost carrier, has taken delivery of three Airbus A320 aircraft. These planes, bearing serial numbers 3968, 3741, and 3771, are on wet lease from Avion Express, based in Lithuania, a common practice for airlines seeking to rapidly expand capacity without the immediate financial burden of direct purchases.
AFI KLM E&M and CFM International (US) have signed an agreement to purchase up to 10 spare LEAP-1A and LEAP-1B engines. These engines will bolster AFI KLM E&M’s portfolio of LEAP Premier MRO services, enabling the company to provide comprehensive maintenance, repair, and overhaul solutions to airline customers globally.
Air Canada has announced an ambitious expansion of its U.S. route network for summer 2025, introducing new services from Vancouver to Tampa, Raleigh, and Nashville. These additions are part of the airline’s strategy to strengthen its connectivity across North America.
Riyadh Air, the emerging Saudi Arabian airline wholly owned by the Public Investment Fund (PIF), has successfully secured its inaugural Islamic Revolving Credit Facility totaling SAR 5 billion. This financial arrangement comprises a SAR 3 billion revolving credit facility, complemented by a committed accordion option for an additional SAR 2 billion. The one-year, unsecured financing…
Abra Group (UK) continues to express interest in SKY Airline (Chile), with the option to convert an existing loan into shares. This arrangement provides the Group with a potential future stake in the Chilean low-cost carrier, reinforcing its presence in the South American market.
