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Phoenix Aviation Capital Secures $240 Million Term Loan

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Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.

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IAT Leasing Acquires A330-300 Leased to Aer Lingus

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IAT Leasing, an Ireland-based leasing company, has announced the acquisition of a 2013 Airbus A330-300, serial number 789, from Castlelake, a U.S. private investment firm. The aircraft is currently leased to Aer Lingus, a leading Irish carrier, and was acquired on behalf of a U.S. investor partner.

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Ryanair Reports 18% Drop in 1H FY2025 Profit Despite Revenue Growth

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Ryanair Holdings, the prominent low-cost airline group based in Ireland, has reported an 18% decrease in after-tax profit for the first half of its fiscal year 2025, totaling $1.9 billion. This comes alongside a modest 1% increase in total revenue, which reached $9.4 billion. Despite the profit decline, Ryanair remains committed to its financial strategies,…

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Aegean Reports 9M 2024 Revenue Growth Despite Profit Decline

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Aegean Airlines, Greece’s flagship carrier, has announced its financial results for the first nine months (9M) of 2024, showing mixed performance. The airline reported a 4% increase in consolidated revenue, reaching $1.46 billion, compared to the same period last year. However, its profit after tax fell by 23%, amounting to $139.9 million. Additionally, the company disclosed $807 million in cash, cash equivalents, and other financial…

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Avia Solutions Group to Launch Global Services Centre in Manila

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Avia Solutions Group (Ireland) has announced the launch of its first Global Services Centre in Manila, marking a significant milestone in its global expansion strategy. The new centre is scheduled to begin operations in January 2025, bringing a wide range of aviation-related services to the Southeast Asian market.

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IAG CEO Awaits Decision on Air Europa Capital Increase

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IAG CEO Luis Gallego has not yet confirmed whether the group will take part in Globalia’s proposed capital increase for Air Europa, aimed at strengthening the Spanish airline’s financial stability. This potential investment would enhance Air Europa’s fiscal resilience, particularly valuable as the airline seeks to recover from recent economic challenges and compete effectively within Europe.