Riyadh Air Secures SAR 5 Billion Credit Facility Ahead of 2025 Launch

ByAdmin 01/11/202404/11/2024

Riyadh Air, the emerging Saudi Arabian airline wholly owned by the Public Investment Fund (PIF), has successfully secured its inaugural Islamic Revolving Credit Facility totaling SAR 5 billion. This financial arrangement comprises a SAR 3 billion revolving credit facility, complemented by a committed accordion option for an additional SAR 2 billion. The one-year, unsecured financing agreement has been established with eight prominent financial institutions: Arab National Bank (anb), Al Rajhi Bank, Gulf International Bank (GIB), Emirates NBD (ENBD), Riyad Bank, Banque Saudi Fransi (BSF), Saudi Awwal Bank (SAB), and Saudi National Bank (SNB).

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Airbus | Airlines | Fleet | Wet Lease

Level to Wet Lease A330-900 for Barcelona–New York JFK Route

ByAdmin 15/01/202517/01/2025

Level (Spain) is set to enhance its transatlantic operations by wet leasing an A330-900, serial 1963, from Iberojet (Portugal). This aircraft will operate the carrier’s Barcelona–New York JFK route from 01 June to 30 September 2025, coinciding with the peak summer travel season. The A330-900, a member of Airbus’ new-generation A330neo family, is well-regarded for its fuel efficiency, extended range, and improved…

Airlines | Boeing | CFM International | Delivery | Fleet

Southwest Airlines Receives Boeing B737-8

ByAdmin 21/03/202523/03/2025

US-based carrier Southwest Airlines has officially taken delivery of a new Boeing B737-8, serial number 68626, powered by advanced CFM International LEAP-1B28 engines. This aircraft addition further supports Southwest’s ongoing strategy for fleet modernization and operational efficiency.

Avion Express Brasil Takes Delivery of First A320

ByAdmin 22/01/202528/01/2025

Avion Express Brasil, a Brazilian airline, has celebrated a major milestone with the delivery of its first aircraft, an Airbus A320, identified by serial number 3601. The aircraft was acquired on lease from Azorra, a prominent U.S.-based leasing company.

Financial | Legal | Settlement

Triumph Group Delays Q2 FY2025 Results Following Settlement with Boeing

ByAdmin 04/11/202406/11/2024

Triumph Group, a major aerospace supplier based in the United States, has announced a delay in the issuance of its Q2 fiscal 2025 results. The delay follows a recent favorable settlement with Boeing Commercial Airplanes, related specifically to pricing adjustments on its Interiors contracts. This settlement marks a significant outcome for Triumph Group, potentially impacting…

Airlines | Financial | Low Cost Carrier | Quarterly Performance

easyJet Reports 13% Revenue Growth in Fiscal Q1

ByAdmin 22/01/202528/01/2025

easyJet, the UK-based low-cost airline, has reported strong financial results for its fiscal first quarter, highlighting a 13% increase in Group revenue, which reached US$2.5 billion. This growth reflects the airline’s ability to capitalize on rising demand and optimize its operations amidst an improving aviation market.

AAR Secures Multi-Year Nacelle MRO Agreement with Cebu Pacific

ByAdmin 13/03/202516/03/2025

AAR (US) has signed a multi-year nacelle maintenance, repair, and overhaul (MRO) agreement with Cebu Pacific Air (Philippines) to support the airline’s Airbus A320 fleet, powered by CFM56-5B engines. The contract will see AAR performing nacelle MRO services at its Chonburi, Thailand facility, reinforcing its commitment to expanding support for Asia-Pacific carriers.

Airbus | Airlines | Fleet | Wet Lease

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