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Mitsubishi UFJ Upsizes $52.3M Financing To Support Viva’s A321 Growth

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Mitsubishi UFJ Financial Group, Japan’s largest financial institution, has announced the successful closing of a $52.3 million upsize in financing for Viva, a prominent low-cost carrier based in Mexico. The expanded credit line is intended to fund the acquisition of two additional Airbus A321 aircraft, further enhancing Viva’s fleet modernization and growth strategy.

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Air France Takes Delivery Of A220-300, Serial 55346

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EgyptAir Orders Six More A350-900s, Total Now 16

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EgyptAir, the national flag carrier of Egypt, has confirmed a firm order for an additional six Airbus A350-900 aircraft as part of its ongoing long-haul fleet modernization and expansion strategy. This new commitment brings EgyptAir’s total order for the A350-900 to 16 aircraft, positioning the airline for improved operational efficiency and enhanced passenger experience on international routes.

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Hainan Airlines Launches Xi’an to Vladivostok Route in December

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Hainan Airlines is expanding its network to Russia with a new direct route from Xi’an, China, to Vladivostok, beginning December 3, 2024. The service will operate four times weekly, utilizing a Boeing 737-800 aircraft, and is expected to cater to both business and leisure travelers. The flights are scheduled to depart from Xi’an at 07:40,…

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VietJet to Finalize $200M Aircraft Deal, Eyes 20 B787s

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VietJet, Vietnam’s low-cost carrier, is preparing to sign a US$200 million aircraft financing agreement with AV Air Finance (US) next week, signaling continued momentum in its ambitious fleet expansion plans. The deal is expected to support upcoming deliveries and fortify VietJet’s financial position as it accelerates growth across its regional and long-haul networks.

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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.