Spirit Airlines Delays 10-Q Filing Amid Restructuring Talks with Noteholders

ByAdmin 13/11/202414/11/2024

Spirit Airlines, a US-based low-cost carrier, has announced a delay in filing its 10-Q quarterly report due to ongoing restructuring discussions with noteholders. The airline’s decision to postpone the filing reflects its focus on managing debt and financial commitments as it navigates restructuring efforts. These discussions are part of a broader strategy to address Spirit’s financial stability amid challenging market conditions, including increased operational costs and competitive pressures.

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Airlines | Partnership

Air Europa Owners in Talks with Air France-KLM Over Stake

ByAdmin 27/11/202401/12/2024

Air Europa (Spain) is in discussions with Air France-KLM Group regarding a potential acquisition of up to 20% of the Spanish airline’s capital. These negotiations reflect strategic alignment opportunities between the two entities as they explore ways to strengthen their positions in the European aviation market.

Airbus | Airlines | Network

AirAsia Cambodia to Launch Phnom Penh-Hanoi Route in February 2025

ByAdmin 20/11/202422/11/2024

AirAsia Cambodia is set to expand its regional connectivity with the launch of a new route between Phnom Penh International Airport (PNH) and Hanoi Noi Bai International Airport (HAN). The service is scheduled to commence on February 5, 2025, utilizing the Airbus A320 aircraft.

Airbus | Airlines | Embraer | Fleet

Breeze Airways to Phase Out Embraer Fleet by Mid-2026

ByAdmin 14/01/202515/01/2025

Breeze Airways (US) has announced plans to operate its Embraer E190/E195 fleet until mid-2026, after which the carrier will shift its focus to the A220 aircraft. While the Embraer jets will continue serving regular routes for the next few years, they will eventually be retained exclusively for charter operations before being completely phased out.

Airlines | Financial

Fitch Ratings Upgrades United Airlines’ Issuer Default Rating to ‘BB’ with Positive Outlook

ByAdmin 08/03/202511/03/2025

Fitch Ratings has upgraded United Airlines’ Issuer Default Rating (IDR) from ‘BB-‘ to ‘BB’, with a Positive outlook, signaling confidence in the airline’s continued financial recovery and operational strength. The rating upgrade reflects improved financial metrics, as United has successfully reduced debt levels, enhanced liquidity, and strengthened profitability. The airline’s ability to optimize its route network, manage costs efficiently, and sustain strong…

Airlines | CFM International | Engines | Maintenance | MRO

Jordan Airmotive Delivers CFM56-5B Engine to BOC Aviation

ByAdmin 11/03/202513/03/2025

Jordan Airmotive has successfully delivered a CFM56-5B engine to BOC Aviation (Singapore), further solidifying its reputation as a trusted provider of engine maintenance, repair, and overhaul (MRO) services. This delivery highlights Jordan Airmotive’s expertise in servicing high-demand commercial aircraft engines, ensuring reliability and efficiency for its leasing and airline partners.

Airlines | Financial | Flag Carrier

Air Canada Announces 2028 Financial Targets

ByAdmin 18/12/202423/12/2024

Air Canada has unveiled its 2028 financial targets, outlining ambitious goals that include achieving US$21 billion in operating revenues, a minimum adjusted EBITDA margin of 17%, and approximately 5% free cash flow margin. These targets highlight the airline’s focus on long-term profitability and sustained financial growth.

Airlines | Partnership

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