SpiceJet Faces Insolvency Petition Amidst Creditor Settlements

ByAdmin 29/10/202401/11/2024

Indian airline SpiceJet is facing an insolvency petition filed by Eusu Logistics in the National Company Law Tribunal (NCLT) over unpaid dues totaling ₹1.94 crore. This development follows ongoing financial challenges for the airline, which has recently settled multiple creditor disputes, including a significant $4.5 million agreement with Shannon Engine Support. SpiceJet’s financial restructuring efforts are aimed at stabilizing operations, with plans to bring 36 grounded aircraft back into service and grow its fleet to 100 by 2026.

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Airlines | Boeing | Financial | Low Cost Carrier

Ryanair Reports 18% Drop in 1H FY2025 Profit Despite Revenue Growth

ByAdmin 04/11/202406/11/2024

Ryanair Holdings, the prominent low-cost airline group based in Ireland, has reported an 18% decrease in after-tax profit for the first half of its fiscal year 2025, totaling $1.9 billion. This comes alongside a modest 1% increase in total revenue, which reached $9.4 billion. Despite the profit decline, Ryanair remains committed to its financial strategies,…

Airlines | Credit | Financial

Yakutia Airlines Seeks $30.2 Million in State Funding for 2025

ByAdmin 06/12/202409/12/2024

Yakutia Airlines, based in Russia, has announced a need for $30.2 million in state budget support for 2025. The funds are critical for the airline’s operations, ensuring financial stability and the continuation of essential services in a challenging market environment.

Airlines | Crisis | Legal

Regional Express Faces Legal Action Over Fiscal Outlook Claim

ByAdmin 12/12/202413/12/2024

Regional Express (Australia), also known as Rex, is set to face legal action initiated by the Australian Securities and Investments Commission (ASIC) over allegations of making an inaccurate claim regarding its fiscal 2023 financial outlook. The case arises from a public statement by Rex forecasting a positive fiscal outlook for 2023, which ASIC claims was inaccurate or potentially misleading….

Airlines | Fleet

Beond Targets Fleet Expansion to 27 Aircraft by 2028

ByAdmin 18/12/202418/12/2024

Beond, a luxury airline based in the Maldives, has announced plans to expand its fleet to 27 aircraft within the next four years. By 2028, the carrier aims to operate flights to 54 destinations across 39 countries, reflecting its ambitious growth strategy to establish a significant presence in the global aviation market.

Airlines | ATR | Delivery | Fleet | Pratt & Whitney

Toki Air Takes Delivery of First ATR42-600

ByAdmin 04/12/202409/12/2024

Toki Air, a regional airline based in Japan, has taken delivery of its first ATR42-600, bearing serial number 1618. The aircraft is equipped with Pratt & Whitney PW127XT-L engines, which offer enhanced efficiency and performance.

Airbus | Airlines | Delivery | Fleet

LEVEL Expands A330-200 Fleet with Seventh Aircraft

ByAdmin 04/12/202409/12/2024

LEVEL, a Spain-based airline, is set to expand its operations with the addition of its seventh Airbus A330-200 in the coming weeks. This milestone marks another step in the airline’s commitment to bolstering its fleet capacity to meet growing passenger demand.

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