Rex (Australia) has completed the sale of Air Partner’s (UK) 50% shareholding in National Jet Express (NJE) to entities controlled by the remaining shareholders of NJE. The proceeds from this transaction will be utilized by Rex to repay secured debt, contributing to its financial stabilization.
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Fitch Ratings has downgraded the long-term credit rating of Spirit Airlines from ‘CCC’ to ‘CC’, signaling heightened financial distress and the likelihood of a near-term default. This latest downgrade places Spirit Airlines below other low-cost carriers (LCCs) in North America, reflecting concerns about the airline’s financial stability.
Avion Express, a Lithuania-based ACMI (Aircraft, Crew, Maintenance, and Insurance) and charter provider, has bolstered its fleet with the recent addition of an Airbus A321, serial number 2653, LY-NVH, leased and powered by V2533-A5 engines. This acquisition aligns with Avion Express’s commitment to expanding its service offerings across Europe and meeting the rising demand for…
Ethiopian Airlines has expanded its long-haul fleet with the delivery of a new Airbus A350-1000, serial 702, powered by advanced Trent XWB-97 engines. This addition underscores the airline’s commitment to modernizing its fleet with fuel-efficient, next-generation aircraft.
IndiGo (India) has taken delivery of a new Airbus A321neo, identified by serial number 12091. The aircraft is powered by LEAP-1A32 engines, reinforcing IndiGo’s position as one of the leading operators in the region with a modern and efficient fleet.
Dan Air, a Romanian carrier, has entered into a wet lease agreement for a Boeing 737-700, identified by serial number 29346, from Smartwings, a Czech airline. The aircraft will be used for short-term operations, supporting Dan Air’s network requirements.
Lufthansa CEO Carsten Spohr has stated that supply chain disruptions in the aviation industry are likely to persist until the end of the decade. Speaking about the ongoing challenges, Spohr highlighted that aircraft delivery delays remain a significant concern for airlines globally, affecting fleet expansion and modernization plans.
