Rex Group (Australia) has officially commenced a sale and/or recapitalization process, following its recent financial difficulties. EY Australia, the appointed administrator, is overseeing the restructuring, aiming to secure the airline’s future through a potential sale or new capital injection.
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Animawings, a Romanian carrier, has announced the launch of a new seasonal route from Bucharest to Ibiza, set to begin on June 5, 2025. The route will be operated using the Airbus A220-300, a modern and efficient aircraft well-suited for short- and medium-haul flights.
AirAsia Cambodia is set to expand its regional connectivity with the launch of a new route between Phnom Penh International Airport (PNH) and Hanoi Noi Bai International Airport (HAN). The service is scheduled to commence on February 5, 2025, utilizing the Airbus A320 aircraft.
Garuda Indonesia is set to receive a substantial $405 million shareholder loan from Danantara Asset Management, Indonesia’s sovereign wealth fund, in a significant move aimed at bolstering the national carrier’s financial stability and operational recovery. This funding is part of a wider $1 billion support package intended to ensure the airline’s long-term viability.
Spirit Airlines (US) has expressed “substantial doubt” about its ability to sustain operations through 2025, attributing the concern to significant financial losses and difficult market conditions. This announcement underscores the challenges faced by the low-cost carrier amid heightened competition and rising costs.
Air Peace, a leading airline based in Nigeria, has expanded its fleet with the addition of two Boeing 737-800 aircraft, identified by serials 38173 and 29636. Both aircraft are on a damp lease from AirExplore, a Slovakian airline, and are equipped with CFM56-7B26 engines, known for their reliability and fuel efficiency. This acquisition supports Air Peace’s commitment to enhancing capacity and operational efficiency across its…
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.
