Spirit Airlines Downgraded to ‘D’ by S&P Following Chapter 11 Filing

ByAdmin 20/11/202422/11/2024

Spirit Airlines, a prominent U.S.-based low-cost carrier, has been downgraded by S&P Global from ‘CCC’ to ‘D’following its Chapter 11 bankruptcy filing. The move reflects the airline’s financial struggles and the significant challenges it faces during its restructuring process. Additionally, the ratings on Spirit Airlines’ Enhanced Equipment Trust Certificates (EETCs) have been lowered by one notch.

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Allegiant Adds Boeing 737-8200 to Fleet

ByAdmin 23/11/202426/11/2024

Allegiant (US) has expanded its fleet with the delivery of a Boeing 737-8200, identified by serial number 68005. The aircraft is powered by LEAP-1B27 engines, known for their fuel efficiency and advanced performance capabilities.

Airlines | Boeing | Fleet | Retirement

Windrose Airlines Retires Sole B737-800

ByAdmin 18/12/202418/12/2024

Windrose Airlines, a Ukrainian carrier, has officially retired its only Boeing 737-800, identified by serial 38120. This decision marks a strategic adjustment to the airline’s fleet composition as it focuses on operational priorities.

Airlines | ATR | Delivery | Fleet

Madagascar Airlines Adds Three Aircraft to Operational Fleet

ByAdmin 13/11/202414/11/2024

Madagascar Airlines is enhancing its operational fleet this week with the addition of three aircraft, boosting its capacity to serve domestic and regional routes. The first of these additions is a repaired ATR with serial number 1248, which is now back in service. Joining this aircraft is a Q400 leased from CemAir, a South African airline, which will serve as a…

Airlines | Low Cost Carrier

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…

Airlines | Financial | Flag Carrier

Air Serbia Sees 4% Passenger Growth in October 2024

ByAdmin 04/11/202406/11/2024

Air Serbia achieved notable passenger growth in October 2024, carrying a total of 381,386 passengers across its scheduled and charter services. This figure marks a 4% increase compared to October of the previous year, highlighting the airline’s steady recovery and expansion in the regional and international markets.

Airlines | Financial

BermudAir Secures Additional $2M for Fleet and Route Expansion

ByAdmin 09/11/202409/11/2024

BermudAir has successfully raised an additional $2 million through a tokenized bond issuance, bringing the total funding raised from this initiative to $3 million since May 2024. The Bermuda-based airline initially garnered $1 million earlier this year, and this latest funding round will bolster BermudAir’s ambitions to expand its fleet and add new routes, positioning it for growth in the…

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