Raya Airways, a prominent cargo airline based in Malaysia, has recently bolstered its fleet with the acquisition of a Boeing 767-200BDSF (Bedek Special Freighter). This aircraft, bearing serial number 22218, is leased from Cargo Aircraft Management, a US-based company.
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Aeroflot, Russia’s largest airline, is actively seeking a tour operator partner to establish a long-term agreementspanning from December 2024 to March 2028. This partnership aims to enhance Aeroflot’s tourism offerings by aligning with a dedicated operator to handle travel packages and associated services, positioning the airline to cater to the rising demand for organized tours and vacation travel. With…
GOL Linhas Aéreas Inteligentes (GOL), a major Brazilian airline, reported an improvement in its 3Q 2024 financial results with a net loss reduction of 36.2%, bringing the loss to $144 million. This improvement is accompanied by a 6.3% increase in net revenue, totaling $861 million for the quarter. GOL’s total cash holdings at the end of 3Q 2024 were reported at $329 million, indicating solid liquidity…
S&P Global has downgraded the credit rating of Brazilian airline Azul from CCC+ to CC, with a negative outlook, following the airline’s recent financing agreement with bondholders. This move reflects S&P’s view that the restructuring deal, aimed at providing Azul with additional liquidity, qualifies as a “distressed” transaction. The downgrade signals ongoing financial strain for…
Air Montenegro has revealed its plans to expand its fleet by adding a leased aircraft in the near future. While the carrier confirmed ongoing discussions, it has not disclosed the type of aircraft or the identity of the lessor involved in the negotiations.
Spirit AeroSystems and Boeing are close to finalizing a funding agreement aimed at providing a critical cash lifeline for Spirit, which has been facing significant financial challenges. The funding comes as Spirit AeroSystems anticipates a cash burn of approximately $450-500 million over the last quarter of 2024 and the first half of 2025. The deal reflects Boeing’s ongoing efforts to support its…
Icelandair is advancing its fleet modernization efforts with the planned addition of three Airbus A321LR aircraft, expected to be delivered before the summer of 2025. This initiative is part of the airline’s strategy to enhance operational efficiency and expand its route network.
