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Turkish Airlines Increases AJet Capital to Support Growth

Turkish Airlines has announced a significant capital injection of $434 million into its subsidiary AJet, marking a strategic move to support AJet’s expansion and operational growth. The investment underscores Turkish Airlines’ commitment to enhancing the capabilities and market presence of its subsidiary.

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Avation Secures $85 Million Portfolio Financing Facility

Avation, a Singapore-based aircraft leasing company, has entered into a term sheet agreement with a major international bank for a $85 million portfolio financing facility. This facility will be utilized primarily for the refinancing of existing aircraft within Avation’s fleet and for the acquisition of additional aircraft, subject to specific conditions.

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Sunwing Airlines Adds Boeing 737-800 on Wet Lease from TUI Airways

Sunwing Airlines, a Canadian leisure carrier, has expanded its fleet with the delivery of a Boeing 737-800, serial number 35142, under a wet lease agreement with TUI Airways, a UK-based airline. The aircraft is powered by CFM56-7B26 engines, renowned for their efficiency and reliability.