Marabu to Close Munich Base, Focus on Key Hubs

ByAdmin 16/12/202417/12/2024

Marabu, an Estonian-based carrier, has announced plans to close its Munich base in summer 2025 as part of a strategic shift to manage rising operational costs and address challenges related to wet-leased aircraft availability. The airline will also scale back flights from Stuttgart and Cologne while concentrating its operations on Hamburg, Leipzig/Halle, and Nuremberg.

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Airlines | Debt | Financial

Flair Airlines Seeks $150M Senior Debt Amid Overhaul

ByAdmin 23/11/202426/11/2024

Flair Airlines (Canada) has announced plans to raise $150 million in senior debt as part of its ongoing financial restructuring efforts. The airline has enlisted the expertise of Haywood Securities (Canada) to manage the fundraising process, aiming to stabilize its operations and support long-term growth.

Airlines | Legal

Chrono Aviation Secures CCAA Protection to Restructure Debts Amid Legal Dispute

ByAdmin 28/10/202430/10/2024

Chrono Aviation, a Canadian charter airline, has been granted protection under the Companies’ Creditors Arrangement Act (CCAA) by the Superior Court of Quebec, a move that allows the company to restructure its debts and explore options for financial recovery.

Airlines | Financial | Low Cost Carrier

Esas Holding Reduces Stake in Pegasus Airlines

ByAdmin 26/11/202428/11/2024

Esas Holding (Türkiye) has completed the transaction of selling 19.2 million shares in Pegasus Airlines to international investors. The shares represent a 3.85% stake in the carrier, reducing Esas Holding’s ownership to 52.8%.

Airlines | Corporation | Financial

China Southern Airlines Reports $447M Profit in Q3 2024 Amid Market Recovery

ByAdmin 30/10/202401/11/2024

China Southern Airlines has announced a significant financial turnaround with a net profit of $447 million for the third quarter of 2024. This achievement reflects a steady recovery in the aviation market and is supported by robust passenger demand and strategic operational adjustments. The airline’s Q3 results show that China Southern has successfully capitalized on…

Airbus | Airlines | CFM International | Delivery | Fleet

Hainan Airlines Receives New A320neo

ByAdmin 11/12/202412/12/2024

Hainan Airlines (China) has expanded its fleet with the delivery of a new Airbus A320neo, serial 12263, powered by LEAP-1A26 engines. This delivery highlights the airline’s commitment to operating modern, fuel-efficient aircraft to meet growing passenger demand.

Airlines | Boeing | CFM International | Delivery | Fleet

United Airlines Expands Fleet with New Boeing 737-8

ByAdmin 30/10/202401/11/2024

United Airlines recently took delivery of a Boeing 737-8, identified by serial number 67620, equipped with LEAP-1B28 engines from CFM International. This new addition supports United’s fleet modernization strategy, emphasizing fuel efficiency and reduced emissions. The LEAP-1B28 engines offer substantial fuel savings compared to older models, aligning with United’s commitment to sustainability while enhancing operational…

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