S&P Downgrades Azul’s Credit Rating to CC Amid Debt Restructuring

ByAdmin 31/10/202403/11/2024

S&P Global has downgraded the credit rating of Brazilian airline Azul from CCC+ to CC, with a negative outlook, following the airline’s recent financing agreement with bondholders. This move reflects S&P’s view that the restructuring deal, aimed at providing Azul with additional liquidity, qualifies as a “distressed” transaction. The downgrade signals ongoing financial strain for Azul, which has been navigating high debt levels and market challenges exacerbated by the slow recovery of global air travel.

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Airlines | Legal | Low Cost Carrier

SpiceJet Resolves $90.8M Dispute with Export Development Canada

ByAdmin 14/11/202418/11/2024

SpiceJet, an Indian low-cost carrier, has fully resolved a $90.8 million dispute with Export Development Canada (EDC) by paying a reduced amount of $22.5 million. This settlement grants SpiceJet full ownership of 13 Q400 aircraft, which were previously financed by EDC. The agreement marks a significant milestone for SpiceJet as it moves toward strengthening its asset base and ensuring greater control…

Airlines | Legal

FlyArystan Initiates Audit Following Discovery of Fund Mismanagement

ByAdmin 26/12/202402/01/2025

FlyArystan, Kazakhstan’s first low-cost carrier, has initiated an independent investigation into financial irregularities after its management uncovered evidence of fund theft. The airline has contacted an external audit company to carry out a comprehensive review and provide clarity on the situation.

Airlines

GlobalX Prioritizes Passenger Aircraft, Defers Cargo Delivery to Late 2025

ByAdmin 12/11/202413/11/2024

Global Crossing Airlines (GlobalX), based in the United States, is shifting its focus toward passenger aircraft to meet rising demand, delaying a previously planned cargo aircraft delivery from the fourth quarter of this year to late 2025. This strategic decision allows GlobalX to allocate resources more efficiently toward expanding its passenger services, aligning with current market demand….

Airbus | Airlines | CFM International | Delivery | Fleet

Hainan Airlines Receives New A320neo

ByAdmin 11/12/202412/12/2024

Hainan Airlines (China) has expanded its fleet with the delivery of a new Airbus A320neo, serial 12263, powered by LEAP-1A26 engines. This delivery highlights the airline’s commitment to operating modern, fuel-efficient aircraft to meet growing passenger demand.

Airbus | Airlines | Delivery | Fleet | IAE

AlMasria Universal Airlines Receives One A321

ByAdmin 24/02/202524/02/2025

AlMasria Universal Airlines (Egypt) has received one A321, serial 1004, powered by V2533-A5 engines, reinforcing its fleet for scheduled and charter operations. FULL ARTICLE AlMasria Universal Airlines (Egypt) has taken delivery of one Airbus A321, serial 1004, powered by V2533-A5 engines. This latest addition enhances the airline’s capacity and operational efficiency, supporting its network expansion across domestic and international routes.

Aviation Capital Group Delivers Two B737-8 to Air India Express

ByAdmin 24/02/202524/02/2025

Aviation Capital Group (US) has completed the delivery of two Boeing B737-8 aircraft to Air India Express. The aircraft, equipped with LEAP-1B engines manufactured by CFM International, are part of a sale and leaseback (SLB) agreement supporting the airline’s ongoing fleet expansion.

Airlines | Legal | Low Cost Carrier

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