Morningstar DBRS, one of the leading credit rating agencies, has announced the assignment of provisional credit ratings to notes issued by AASET 2024-2, a securitization transaction.
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China Airlines, based in Taiwan, has reported a net profit of $118 million for the third quarter of 2024, supported by a 9.1% increase in revenue to $1.6 billion. This growth highlights China Airlines’ resilience in an evolving aviation market and reflects strong demand across its network. The airline’s solid performance in Q3 demonstrates its effective cost management and strategic focus on…
United Airlines has announced its financial results for the second quarter of 2025, revealing a net income of US$1.0 billion and total operating revenue of US$15.2 billion, marking a 1.7% year-on-year increase. These results signal steady financial performance as the carrier continues navigating a complex global aviation environment.
Mesa Air Group, a U.S.-based regional airline operator, announced a net loss of $58.6 million for the second quarter of fiscal 2025, alongside a 28.0% decrease in total operating revenues, which fell to $94.7 million. The sharp decline reflects ongoing challenges in regional aviation markets and reduced block hours with major partners.
Surf Air Mobility, a U.S.-based regional air mobility company, has entered into definitive agreements for the purchase and sale of 10.8 million shares of its common stock, valued at approximately $27 million, through a registered direct offering. This fundraising strategy provides immediate capital infusion and reflects the company’s ongoing expansion and capital market engagement plans.
Kenya Airways, the flag carrier of Kenya, is currently in the process of seeking a strategic investor to aid in its financial recovery and future growth plans. This search is part of a broader strategy that includes completing a significant capital restructuring and enhancing liquidity to ensure sustainable operations.
Phoenix Aviation Capital (Ireland) and AIP Capital (US) have announced the closing of a Pre-Delivery Payment (PDP) financing facility to support Phoenix’s order of 30 Boeing 737-8 aircraft. The facility will provide up to US$300 million in total commitments and will be used to fund required down payments prior to aircraft delivery.
