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Spirit Airlines to Sell 23 Airbus A320/A321 Aircraft to GA Telesis

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Spirit Airlines, a prominent U.S.-based low-cost carrier, has announced a significant fleet adjustment with the sale of 23 Airbus A320 and A321 aircraft to GA Telesis. The agreement, valued at approximately $519 million, outlines the planned delivery of these aircraft through February 2025. This transaction is part of Spirit’s fleet optimization strategy, allowing the airline to streamline its assets while GA Telesis, a leading aviation services provider, enhances its aircraft leasing and parts inventory.

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Dubai Aerospace Enterprise to Acquire $500M Narrowbody Aircraft Portfolio, Expands Managed Fleet

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Dubai Aerospace Enterprise (DAE), a leading aviation leasing company based in the UAE, has announced plans to acquire 10 narrowbody, next-generation aircraft, with the total portfolio valued at approximately $500 million.

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LATAM Airlines Group Posts 7.6% Revenue Growth in 3Q 2024

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LATAM Airlines Group, based in Chile, announced a 7.6% increase in total operating revenues for the third quarter of 2024, reaching $3.28 billion. The airline also reported a net income of $301 million and maintained a liquidity position of approximately $3.6 billion, reflecting a stable financial standing in an evolving aviation landscape.

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Eastern Airlines Technic and Thales Extend Partnership for Avionics Maintenance Through 2029

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Eastern Airlines Technic of China and Thales, based in France, have renewed their Partnership Agreement, ensuring avionics maintenance and repair services for the China Eastern fleet through 2029. This extended partnership will see Thales providing comprehensive maintenance for its avionics systems installed across China Eastern’s A320, A330, and B737 fleets. The long-term commitment underlines the close collaboration between Thales and Eastern Airlines Technic, emphasizing the…

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Etihad Airways to Launch Flights to Al Alamein, Egypt

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Etihad Airways has announced a new service from Abu Dhabi to Al Alamein, Egypt, set to commence in July 2025. This twice-weekly service will make Etihad the first UAE airline to offer direct flights to the emerging resort destination on Egypt’s Mediterranean coast, a location known for its pristine beaches and proximity to historical sites….

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Spirit Airlines Warns of Potential Equity Loss in Ongoing Restructuring Deal

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Spirit Airlines, based in the United States, has cautioned that its shareholders could see their equity wiped out as the airline negotiates a restructuring deal with creditors. This announcement underscores the financial difficulties Spirit faces as it seeks to stabilize its operations through a comprehensive restructuring plan, which could impact current shareholder value significantly.