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StandardAero Signs MRO Agreement with T’way Air

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StandardAero (US) has entered into a General Terms Agreement (GTA) with T’way Air (South Korea) to provide MRO services for the airline’s CFM56-7B and LEAP-1B engines. This strategic partnership highlights StandardAero’s growing presence in the Asian aviation market and its commitment to delivering reliable maintenance solutions.

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Fly Oya Acquires Boeing 777-200 for International Expansion

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Fly Oya, a Libyan airline focused on regional and international connectivity, has acquired a Boeing 777-200, bearing serial number 32889, to bolster its operations. This acquisition signals Fly Oya’s ambition to expand its scheduled international services, positioning itself as a key player in Libyan aviation as it meets increasing travel demands across various routes.

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Avianca Receives New A320neo with LEAP-1A26 Engines

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Avianca, Colombia’s flagship airline, recently expanded its fleet with the delivery of a new A320neo. The aircraft, bearing serial number 12289 and powered by LEAP-1A26 engines, marks another step in Avianca’s ongoing modernization efforts aimed at improving fuel efficiency and reducing emissions.

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Pelita Air Service Acquires A320 with CFM56-5B4/3 Engines on Lease

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Pelita Air Service, an Indonesian airline, has strengthened its fleet by acquiring a leased A320, serial number 4510, equipped with CFM56-5B4/3 engines. This addition supports Pelita’s goal of expanding its operational capabilities, as the A320 model is highly regarded for its fuel efficiency and reliability on short- to medium-haul routes. The leased aircraft provides Pelita with flexibility in meeting…

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Fitch Revises United Airlines’ Outlook to Positive, Affirms ‘BB-‘ Rating

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Fitch Ratings has revised its outlook on United Airlines, moving it from Stable to Positive, while affirming the airline’s Long-Term Issuer Default Rating (IDR) at ‘BB-’. This change reflects Fitch’s confidence in United Airlines’ improved financial stability and growth prospects, as the airline continues to recover post-pandemic and strengthen its market position in the competitive…

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Alaska Air Group Reports Strong Q3 2024 Financial Results

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Alaska Air Group has reported its financial results for the third quarter ending September 30, 2024, showcasing a strong performance that positions the company at the forefront of the airline industry. The company achieved a GAAP pretax margin of 10.7% and earnings per share (EPS) of $1.84. Excluding special items and mark-to-market fuel hedge accounting…