Lufthansa Technik (Germany) has announced plans to invest significantly in a new facility near Porto, Portugal, as part of its global expansion strategy. The project, slated for completion by the end of 2027, underscores Lufthansa Technik’s commitment to enhancing its maintenance, repair, and overhaul (MRO) capabilities in Europe.
Air Nostrum (Spain) has announced its inability to meet upcoming debt repayment deadlines, prompting discussions with the Sociedad Estatal de Participaciones Industriales (SEPI) and the Instituto de Crédito Oficial (ICO). The airline faces significant financial obligations, including substantial repayments spread over the coming years.
Allegiant Air, the ultra-low-cost carrier based in the United States, has amended its 2021 agreement with Boeing for the acquisition of 50 new B737 MAX aircraft. Under the revised terms, fewer deliveries will occur in 2024 and 2025, with the adjusted timeline scheduling the completion of all deliveries by the end of 2027.
Boeing has issued a prospectus for an exchange offer of senior notes worth up to $8 billion. This initiative is part of the company’s financial strategy to manage its outstanding debt obligations and optimize its capital structure.
