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Riyadh Air Explores Code-Share with Cathay Pacific Amid Expansion Plans

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Riyadh Air, Saudi Arabia’s new airline backed by the Public Investment Fund, is considering a strategic code-sharing agreement with Cathay Pacific, enhancing its connections in Asia. This collaboration would allow both airlines to expand their reach across Asia and the Middle East, giving Riyadh Air access to Cathay Pacific’s vast network of over 80 destinations while providing Cathay more entry points into the Middle East. Although discussions are in the early stages, Riyadh Air’s Chief Financial Officer, Adam Boukadida, expressed enthusiasm about the potential benefits of working with an experienced carrier like Cathay Pacific.

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Geosky Acquires Boeing 767-300BCF from NAS Aircraft Leasing

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Geosky, a cargo airline based in Georgia, has expanded its fleet with the addition of a Boeing 767-300BCF. This aircraft, identified by serial number 30564, is leased from NAS Aircraft Leasing, a U.S.-based leasing company. Powered by Pratt & Whitney PW4062 engines, the Boeing 767-300BCF offers Geosky enhanced cargo capacity and operational flexibility, supporting the…

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CAMEX Airlines Adds Boeing 767-300ERBDSF to Fleet

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CAMEX Airlines, a Georgian carrier specializing in cargo operations, has expanded its fleet with the delivery of a Boeing 767-300ERBDSF. The aircraft, bearing serial number 25451, has been leased and is powered by CF6-80C2B6 engines. This addition strengthens CAMEX Airlines’ capabilities in the growing air cargo market.

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Embraer Secures Investment Grade Rating from Moody’s

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Embraer, a global leader in aerospace manufacturing, has achieved a significant milestone with Moody’s (US) awarding the company an Investment Grade rating. Moody’s has upgraded Embraer’s credit rating from Ba1 to Baa3, with a positive outlook, reflecting confidence in the company’s financial stability and growth prospects.

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Boeing Forecasts Global Air Cargo Fleet Growth to 3,900 Planes by 2043

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Boeing has released a forecast indicating that the global air cargo fleet will expand significantly over the next two decades, increasing from 2,340 freighters in 2023 to 3,900 airplanes by 2043. This projected two-thirds growth reflects rising demand for air cargo services, fueled by e-commerce growth, global trade, and the need for expedited logistics solutions. Boeing’s forecast underscores the resilience and expansion potential…

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Cambodia Angkor Air to Add Three ATR72-600s, Rebranding as Air Cambodia

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ATR has confirmed the addition of three ATR72-600 aircraft to the fleet of Cambodia Angkor Air, which will officially rebrand as Air Cambodia on January 1, 2025. These aircraft, financed by HNCA Aviation Financial Leasing Co. (China), are part of a leasing agreement, with deliveries scheduled throughout 2025.