Motu Link Airline Seeks $3.4M to Acquire First ATR72-500F for 2025 Launch

ByAdmin 12/11/202414/11/2024

Motu Link Airline, a new carrier based in French Polynesia, is preparing for its planned early 2025 launch by seeking $3.4 million to fund the purchase of its first aircraft, an ATR72-500F. This funding will be raised through a bond loan, amortizable over a period of 90 months at an 11% interest rate. The ATR72-500F, a reliable model suited for regional operations, will be the foundation of Motu Link’s fleet as it enters the Polynesian aviation market. This financing approach reflects the airline’s strategic choice to leverage debt funding as it sets up its operational capabilities.

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Airlines | Flag Carrier | Network

Bhutan Airlines to Launch Direct Flights to Hong Kong

ByAdmin 17/12/202418/12/2024

Bhutan Airlines is set to expand its international operations with the launch of direct flights between Paro International Airport and Hong Kong. The new route is scheduled to commence on 27 January 2025, marking a significant step in the airline’s strategy to enhance connectivity and cater to increasing demand for travel between Bhutanand East Asia.

Pelita Air Service Acquires A320 with CFM56-5B4/3 Engines on Lease

ByAdmin 09/11/202409/11/2024

Pelita Air Service, an Indonesian airline, has strengthened its fleet by acquiring a leased A320, serial number 4510, equipped with CFM56-5B4/3 engines. This addition supports Pelita’s goal of expanding its operational capabilities, as the A320 model is highly regarded for its fuel efficiency and reliability on short- to medium-haul routes. The leased aircraft provides Pelita with flexibility in meeting…

Airlines | Crisis | Governments | Legal | Low Cost Carrier

Wizz Air Loses Challenge Against EU-Approved Aid for TAROM

ByAdmin 06/11/202408/11/2024

Wizz Air, a low-cost airline based in Hungary, has lost its legal challenge against a $2.1 million capital increaseprovided by the Romanian government to TAROM, Romania’s national airline. This capital injection, aimed at supporting TAROM, was approved by EU competition regulators, and the EU General Court has now dismissed Wizz Air’s objections. Wizz Air argued that the state aid breached…

Airlines | Financial | Investor

Riyadh Air Secures SAR 5 Billion Credit Facility Ahead of 2025 Launch

ByAdmin 01/11/202404/11/2024

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…

Pegasus Takes Delivery of One A321neo

ByAdmin 17/12/202418/12/2024

Pegasus Airlines, based in Turkiye, has taken delivery of a new Airbus A321neo, identified by serial number 12124. The aircraft is powered by LEAP-1A32 engines, manufactured by CFM International, further enhancing the carrier’s commitment to operational efficiency and sustainability.

Airbus | Airlines | Delivery | Fleet | Pratt & Whitney

VietJet Takes Delivery of New A321neo with PW1133G-JM Engines

ByAdmin 27/10/202428/10/2024

VietJet, Vietnam’s leading low-cost carrier, has expanded its fleet with the recent addition of an Airbus A321neo, serial number 12266, equipped with advanced PW1133G-JM engines.

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