Wizz Air has significantly reduced its order for Airbus A321XLR aircraft, trimming its original commitment from 47 to just 10–15 units, according to statements made during the carrier’s most recent earnings call. The move, labeled a “conversion” rather than a cancellation, comes as Wizz Air prepares to shut down its Abu Dhabi-based unit in September, marking a major strategic retreat from…
Azul, one of Brazil’s leading airlines, has formally appointed SkyWorks Capital, a U.S.-based financial advisory firm, to serve as its Fleet Restructuring Financial Advisor during the carrier’s ongoing Chapter 11 bankruptcy proceedings. This strategic engagement signals Azul’s intent to restructure its fleet obligations in a way that supports long-term operational sustainability and cost reduction.
Transpordi Varahaldus (TVH), the Estonian government-owned aircraft lessor, has signed an agreement to sell seven Bombardier CRJ900NG aircraft to EIC Aircraft Leasing, a subsidiary of Regional One (US). The transaction, valued at US$37.5 million, represents a significant portfolio reshaping for the state-owned entity.
Oman Air Cargo is undergoing a strategic fleet restructuring, moving from an insourced freighter model to an outsourced one. Under this plan, the airline is slimming its fleet to a single widebody type and has already sold a Boeing 737‑800F, serial 35108.
Jambojet, a regional low-cost airline based in Kenya, has obtained a $13.4 million loan from NCBA Group for the financial year ending December 2024. The funding is part of a strategic move to restructure aircraft leases and cover engine maintenance costs, reflecting the airline’s ongoing focus on operational stability and fleet reliability.
Garuda Indonesia has reported a net loss of $76.4 million for the first quarter of 2025, despite generating $603.6 million in revenue from scheduled flight operations. The results underscore the continuing financial challenges faced by the national carrier amid a complex post-restructuring recovery process.
Silver Airways and its subsidiary Seaborne Virgin Islands have been granted approval to extend the 60-day period under Section 1110 of the U.S. Bankruptcy Code as part of their ongoing Chapter 11 restructuring efforts. This extension allows the carriers to maintain control of their aircraft and essential assets, ensuring operational continuitywhile they restructure financially.
SmartLynx Airlines, a Latvia-based ACMI and charter operator, has announced plans to transition to a single-type fleetby mid-2025. The airline will operate exclusively Airbus A320 and A321 aircraft while scaling down its A321F freighter operations.
AeroUnion (Mexico) is advancing its fleet restructuring process by bringing three Airbus A330 converted freighters into operation. This transition follows the grounding of its entire fleet of A300s and B767s, leaving only one A330F currently flying.
