Sun Country Airlines (US) has secured a US$75 million senior secured revolving credit facility from Mitsubishi UFJ Financial Group (Japan). The new agreement replaces a previous $25 million revolving credit facility (RCF), representing a major boost to the airline’s liquidity as it continues to expand operations and reinforce its financial flexibility.
Please SUBSCRIBE to view the full content.
First month of membership is free!
Cargojet (Canada), a leading provider of time-sensitive cargo services, has taken delivery of a 2000-vintage production Boeing 767-300F. The aircraft, bearing serial number 30780, is leased from Jetran (US) and will strengthen Cargojet’s existing fleet to meet rising demand for air freight.
SolitAir, a UAE-based cargo airline, has expanded its freighter fleet with the addition of a Boeing 737-800BCF, identified by serial number 30879. The aircraft is operated by ASL Airlines Ireland and is powered by CFM56-7B26 engines, enhancing operational efficiency and reliability in the carrier’s expanding logistics network.
Air Macau has announced the retirement of its A330-300 aircraft, with operations scheduled to end on 31 December 2024. The aircraft, which has been an integral part of the airline’s fleet, is leased from Air China.
Airzena, the flag carrier of Georgia, has expanded its fleet with the delivery of one Boeing 737-900ER, bearing serial number 41534. The aircraft is on lease and is powered by CFM56-7BE engines, further enhancing the airline’s medium-haul capabilities as it continues its post-pandemic recovery and regional growth strategy.
Korean Air has announced the appointment of Song Bo-young, the head of its passenger business division, as the new CEO of Asiana Airlines, marking a significant leadership transition for the subsidiary.
TAP Air Portugal has announced its financial results for 2024, highlighting a net income of $58.0 million. This performance marks a stable year for the airline, with a modest increase in operating revenues of 0.7%, totaling $4.5 billion.
