Smart Aviation, an Egypt-based charter airline, is currently negotiating a $20 million loan with CIAF Leasing to facilitate the acquisition of used long-range passenger aircraft.
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Icelandair Group has taken a decisive step to expand its operational reach in Europe by acquiring a 49% stake in a Maltese AOC holding company for $686,000, setting the stage for future strategic flexibility within the European Union.
FlyKhiva (Uzbekistan) has expanded its fleet with the delivery of a Boeing B757-300, identified by serial 29434. The aircraft is provided on a wet lease from Icelandair and is powered by RB211-535E4B engines.
Bahamasair, the national carrier of The Bahamas, is working to resolve supply chain delays impacting the servicing of its ATR fleet. The airline expects one of its three grounded ATRs to return to service this week, with the remaining two anticipated to be operational by early 2025. These delays are attributed to challenges in securing necessary parts and completing engine work.
Plus Ultra Líneas Aéreas has signed an interline agreement with ITA Airways, enhancing connectivity between Spain and Italy. This agreement allows passengers to book combined itineraries across both airlines, offering seamless ticketing and baggage transfers.
EgyptAir, the national carrier of Egypt, has taken delivery of a Boeing 787-9 Dreamliner, expanding its fleet with a state-of-the-art long-haul aircraft. The aircraft, registered as SU-GFZ, is powered by Trent 1000-J3 engines, renowned for their efficiency and reliability in long-haul operations.
TUI Group (Germany), a global leader in tourism and travel, has reported a strong financial performance for 2024. The company’s revenue grew by 12% to reach $24.4 billion, underscoring its recovery and growth momentum in the post-pandemic travel industry. The group also recorded an Underlying EBIT of $1.3 billion, reflecting its strategic focus on operational efficiency and market expansion.
