BNDES (Brazilian Development Bank) has approved $182 million in financing for the export of eight Embraer E2 jets to Azorra, a US-based leasing company. Deliveries are scheduled to take place between December 2024 and 2025, showcasing the ongoing collaboration between Brazilian manufacturers and global operators.
Air Europa Holdings, a leading Spanish carrier, anticipates closing 2024 with a turnover of nearly $3 billion, reflecting a 6.3% year-on-year increase. The growth comes as the airline focuses on reducing its leverage while continuing to expand and modernize its fleet. As part of its fleet expansion strategy, Air Europa plans to add three Boeing 787 Dreamliners and its first Boeing 737…
Azul (Brazil) has unveiled additional details regarding its financial transactions, highlighting agreements to raise up to $500 million through the issuance of superpriority notes. This funding initiative is part of Azul’s strategy to strengthen its financial position and support its ongoing operations.
Loong Air (China) is set to launch a new service connecting Wenzhou and Singapore on 24 December 2024. The route will be operated using an Airbus A320, marking a significant addition to the airline’s international network.
Copa Airlines (Panama) remains on track to expand its fleet, expecting the delivery of two B737 MAX 8 aircraft by the end of 2024, despite some delays. This addition will bring the airline’s total fleet to 112 aircraft by year-end. Looking ahead to 2025, Copa plans to receive 11 more MAX 8s, culminating in a fleet of 123 aircraft by the close of the year.
Ethiopian Airlines Group, Africa’s largest airline, has reported a minimal financial impact from the more than 50% depreciation of the Ethiopian birr in 2024. The airline attributes this resilience to its robust income from international operations, which has effectively offset the currency’s sharp decline.
AJet, a Turkish airline, has entered into a lease agreement for nine Boeing 737-800 aircraft from SunExpress, also based in Türkiye. The leased aircraft are set to enter service on November 18, 2024, to support AJet’s operations during the upcoming winter season. This strategic move reflects AJet’s efforts to bolster its fleet capacity to meet the increased demand for seasonal…
Air Arabia, the UAE-based low-cost carrier, has announced plans to resume its Sharjah – Yanbu route starting November 28, 2024. The route will be serviced by the airline’s Airbus A320 fleet, which is well-suited for the relatively short journey between the UAE and Saudi Arabia. This resumption comes in response to rising demand for travel between the two cities, particularly…
Lufthansa, the German flag carrier, has outlined specific plans to cut approximately 400 jobs in its administrativesectors as part of a broader effort to streamline operations and reduce costs. The airline aims to save on purchasing expenses and attract more business travelers, focusing on increasing efficiency amid ongoing financial pressures and industry competition. These job cuts reflect Lufthansa’s strategy to adjust…
FedEx Express, a major US-based cargo airline, has officially joined the Latin American and Caribbean Air Transport Association (ALTA) as an associate member. This new membership enables FedEx to engage closely with ALTA’s extensive network, which includes airlines and aviation-related companies throughout Latin America and the Caribbean. The move reflects FedEx’s commitment to strengthening its partnerships within the Latin…
