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AAR Acquires HAECO Americas To Expand Heavy Maintenance Operations

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AAR CORP. (NYSE: AIR), a leading aviation services provider for commercial and government operators, has announced the acquisition of HAECO Americas from HAECO Group for $78 million in an all-cash transaction, subject to customary adjustments. This acquisition immediately strengthens AAR’s heavy maintenance footprint and advances its strategic goal of expanding the Repair & Engineering segment, one of the company’s four operating divisions.

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Turkish Airlines Reports 12.8% Passenger Growth In August 2025

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Turkish Airlines has released its August 2025 traffic results, highlighting strong growth across both passenger and cargo operations. The airline carried over 9 million passengers during the month, representing a 12.8% year-on-year increase, while the passenger load factor rose to 86.2%, up from 85.2% in August 2024.

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Air Canada And ITA Airways Launch Codeshare Agreement

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Air Canada and ITA Airways, Italy’s national carrier, have officially launched a codeshare agreement designed to significantly expand travel options between North America and Europe. The partnership enables passengers of both airlines to access over 30 new one-stop itineraries, enhancing connectivity between Canadian cities and various Italian and European destinations.

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LATAM And Delta Expand JV To Include Argentina

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LATAM Airlines Group and Delta Air Lines have officially announced the expansion of their trans-American joint venture (JV) to include Argentina. This integration marks a significant milestone in the partnership, aiming to further consolidate the connectivity between North and South America through coordinated operations, schedules, and commercial efforts.

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My Freighter and Icelandair Cargo Sign Interline Deal

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My Freighter and Icelandair Cargo have signed an interline agreement that aims to establish a new cargo gateway through Iceland, offering expanded connectivity for global freight services. This agreement marks a strategic milestone for both airlines as they seek to enhance their international cargo operations and strengthen their positions in a competitive market.

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GlobalX Projects Growth in Passenger ACMI Services and Shifts Towards Fleet Ownership

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GlobalX expects passenger ACMI to remain a core driver of its business, with further expansion anticipated in 2025. Growth will be supported by additional aircraft deliveries in the second half of the year, alongside strengthened partnerships across North America and Europe. The airline is focused on scaling its ACMI operations, ensuring flexibility and capacity for airlines requiring short-term and seasonal capacity solutions.

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Turkish Airlines to Launch Flights to Minneapolis and Auckland

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Turkish Airlines, Turkey’s national flag carrier, has announced plans to expand its global network with new routes to Minneapolis and Auckland. The airline intends to commence flights to Minneapolis in April or May 2025, while the Auckland route will be introduced via Singapore, further enhancing Turkish Airlines’ connectivity across continents.

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Avolon Forecasts Asia-Pacific to Drive $1 Trillion Airline Revenue in 2025

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Avolon (Ireland) has released a forecast predicting that growth in the Asia-Pacific region will be the primary driver behind global airline revenues surpassing $1 trillion for the first time in 2025. The report highlights the region’s rapidly expanding air travel market and its pivotal role in shaping the future of global aviation.

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Fitch Downgrades Spirit Airlines’ Credit Rating to ‘CC’

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Fitch Ratings has downgraded the long-term credit rating of Spirit Airlines from ‘CCC’ to ‘CC’, signaling heightened financial distress and the likelihood of a near-term default. This latest downgrade places Spirit Airlines below other low-cost carriers (LCCs) in North America, reflecting concerns about the airline’s financial stability.