|

Spirit Airlines Expects Shareholder Wipeout Amid Restructuring

Spirit Airlines, a prominent ultra-low-cost carrier in the United States, has announced that it still expects shareholders will be wiped out as the airline progresses with its restructuring deal. The plan includes transferring control of the airline to its bondholders, marking a significant shift in its ownership structure.

|

Wafra Completes Acquisition of Aquila Air Capital Platform

Aquila Air Capital, a US-based aircraft leasing and financing company, has announced that Wafra, an investment firm headquartered in the US, has completed the acquisition of its platform from private equity firm Warburg Pincus. This transaction marks a significant shift in ownership and highlights continued investor confidence in the aviation finance sector.

| |

Air Lease Secures $966.5 Million Term Loan Facility

Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has successfully closed a $966.5 million unsecured term loan facility. The loan, which matures in December 2027, will provide financial flexibility to address the company’s working capital needs and support general corporate purposes.

| |

United Airlines Cuts Multiple Routes for Summer 2025

United Airlines, a major US carrier, has announced adjustments to its route network, including the discontinuation of its Los Angeles–Tulum route and the suspension of flights from Newark and Chicago during summer 2025. These changes reflect the airline’s efforts to streamline operations and optimize its network amid evolving market conditions.

| | |

Norwegian Air Shuttle Extends Lufthansa Technik Partnership

Norwegian Air Shuttle (US) has announced the extension of its partnership with Lufthansa Technik (Germany) for an additional five years. The renewed agreement, effective 01 August 2025, will cover maintenance services for more than 80 Boeing B737NG and B737MAX aircraft at Lufthansa Technik’s Budapest facility.