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TAP SGPS Faces Enforcement Action Over $177M Azul Debt

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TAP SGPS, the Portuguese airline group, is facing potential legal enforcement action after failing to repay $177 million owed to Azul Linhas Aéreas Brasileiras (Brazil). The debt relates to bonds issued in 2016 that were subscribed by Azul as part of a strategic investment agreement. TAP’s failure to meet the repayment deadline has now shifted control of the matter to the common representative of the bondholders, who is authorized to initiate enforcement procedures.

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My Freighter and Icelandair Cargo Sign Interline Deal

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Alaska Air Confirms More B787s And B737-10s, Adds Seattle Pilot Base

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Spring Airlines Takes Delivery of A320neo With LEAP Engines

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Spring Airlines, China’s largest low-cost carrier, has taken delivery of a new Airbus A320neo, bearing manufacturer serial number (MSN) 12534. The aircraft is equipped with CFM International LEAP-1A26 engines, known for their superior fuel efficiency and reduced environmental impact.