Sun Country Airlines Secures $60 Million EETC C-Tranche to Reduce Debt

ByAdmin 04/02/202506/02/2025

Sun Country Airlines has strengthened its financial position by raising $60 million through a new C-tranche appended to its 2019-1 Enhanced Equipment Trust Certificate (EETC). The airline used the full amount to pay down a significant portion of its term loan, which was financing five Boeing 737-900ER aircraft. This move reflects the airline’s strategy of optimizing its capital structure, reducing long-term debt obligations, and improving financial efficiency.

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Airlines | Cargo | Governments | Management

7 Air Secures FAA Part 121 Certification, Prepares for Cargo Operations

ByAdmin 02/03/202505/03/2025

7 Air, a newly certified U.S. cargo carrier, has achieved a significant milestone by obtaining Part 121 regularly scheduled operator status from the Federal Aviation Administration (FAA). The airline received its Air Operator Certificate (AOC) today, granting it approval to conduct scheduled domestic cargo flights. Revenue operations are expected to commence in early March 2025.

Corporation | Financial

Avolon Holdings Prices $1.5 Billion Senior Unsecured Notes Offering

ByAdmin 04/12/202409/12/2024

Avolon Holdings Limited, a leading global aviation finance company, has announced the pricing of a $1.5 billion private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited. The offering consists of two tranches: $850 million of 4.95% senior unsecured notes due in 2028, and $650 million of 5.15% senior unsecured notes due in 2030.

Airlines | Low Cost Carrier | Network

Scoot to Begin Flights to Padang, Phu Quoc, and Shantou by Early 2025

ByAdmin 12/11/202413/11/2024

Scoot, the low-cost subsidiary of Singapore Airlines, is set to expand its network with new routes from Singapore to Padang (Indonesia), Phu Quoc (Vietnam), and Shantou (China) starting in December 2024 and January 2025. This expansion reflects Scoot’s commitment to meeting the growing demand for travel in the region and offering more direct flight options to popular leisure destinations in Asia. The new routes cater to…

FedEx Feeder Takes Delivery of Cessna 408F SkyCourier

ByAdmin 22/11/202425/11/2024

FedEx Feeder, a regional air cargo service operated on behalf of FedEx Express, has expanded its fleet with the delivery of a new Cessna 408F SkyCourier, identified by serial number 408-0030. The aircraft is powered by PT6A-65SC engines, known for their reliability and efficiency.

Airlines | Flag Carrier | Traffic

Icelandair Sees 12% YoY Passenger Growth in October 2024

ByAdmin 06/11/202408/11/2024

Icelandair has reported significant growth in its October 2024 traffic data, with 409,000 passengers transported, reflecting a 12% increase year-over-year (YoY). The airline also saw an improvement in load factor (LF), which rose by 3.1 points to 84.6%. The rise in passenger numbers highlights Icelandair’s strong recovery and increased demand for its routes, further supported by strategic capacity adjustments to optimize passenger loads and…

Airlines | Codeshare | Flag Carrier

Philippine Airlines and Saudia Sign Codeshare Agreement

ByAdmin 30/01/202531/01/2025

Philippine Airlines (PAL) has announced a codeshare partnership with Saudia, enhancing connectivity for passengers traveling between the Philippines and Saudi Arabia. The agreement covers select routes operated by Saudia, allowing Philippine Airlines customers to book flights on Saudia’s network under PAL’s flight code.

Airlines | Cargo | Governments | Management

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