SmartLynx Airlines, a Latvia-based carrier, has received its Foreign Air Operator Certificate (FAOC) from the U.S. Federal Aviation Administration (FAA), enabling the airline to launch operations to, from, and within the United States.
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China Southern Airlines has announced that its controlling shareholder, China Southern Air Holding, along with its affiliated subsidiaries, has committed to a shareholding freeze that will remain in effect for 18 months. This move is designed to strengthen investor confidence and signal long-term commitment to the airline’s strategic direction.
Qatar Airways has signed an agreement with Qatari banks led by QNB Group to secure $1.2 billion in strategic financing. This substantial funding package is structured in both conventional and Islamic tranches and is designed to support the airline’s ongoing growth and maintain financial stability in a volatile market environment.
Stratos has delivered an Airbus A330-300P2F on a long-term operating lease to MNG Airlines, a Turkish cargo airline operating worldwide. The aircraft, MSN 1510, was converted into a freighter by EFW in Dresden, marking the second such conversion completed by Stratos at this facility.
Auric Air, a leading Tanzanian airline specializing in regional flights, has recently taken delivery of a new Cessna 208B Grand Caravan EX, identified by serial number 208B5853. This acquisition underscores the airline’s commitment to enhancing its services and expanding its reach across East Africa.
SMBC Aero Engine Lease (SAEL) has celebrated a major milestone with the delivery of its 100th engine—a PW1133GA-JM— to Cebu Pacific Air. This engine delivery is part of a customized sale and leaseback solution tailored to support Cebu Pacific’s fleet growth and operational needs. Cebu Pacific, one of SAEL’s largest airline customers, benefits from SAEL’s…
Etihad Airways, based in the United Arab Emirates, has reported a substantial profit of $368 million for the first nine months of 2024. This achievement came on the back of a 21% increase in revenue, totaling $5 billion. This strong financial performance underscores Etihad’s ongoing efforts to boost profitability and expand its market presence amid a global resurgence in air…
