Toos Airlines, based in Iran, has expanded its fleet with the delivery of two Embraer aircraft: one ERJ145 and one E-Jet. Both aircraft are currently undergoing final preparations for entry into service, marking a key phase in the carrier’s fleet modernization and network development strategy.
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Embraer, a leading global aerospace company, and PT Dirgantara Indonesia (PTDI), Indonesia’s state-owned aerospace corporation, have signed a Memorandum of Understanding (MoU) to strengthen their partnership in the commercial aviation sector. This agreement focuses on enhancing collaboration in engineering and the supply of aerostructures, key components in aircraft manufacturing.
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of American Airlines Group Inc. at ‘B+’. This rating reflects the company’s ongoing efforts to manage its financial profile amidst a competitive industry landscape.
Jazeera Airways, the Kuwait-based low-cost carrier, has implemented a series of leadership changes as it continues to refine its organizational structure and align with its growth objectives. In a strategic move, Ayman Alshammari has been promoted to Chief Operating Officer (COO), bringing operational continuity and internal experience to the role.
Spirit Airlines, a prominent low-cost carrier in the United States, has received approval from the US Bankruptcy Courtto complete the sale of 23 Airbus aircraft, comprising A320 and A321 models, to GA Telesis (GAT), a leading aviation solutions company. This transaction marks a significant development in Spirit Airlines’ restructuring efforts.
Azorra, a US-based aircraft lessor, has successfully closed a US$190 million financing agreement with Banco Nacional de Desenvolvimento Econômico e Social (BNDES) of Brazil. This significant facility will fund the acquisition of up to eight Embraer E2 jets, further solidifying Azorra’s commitment to fleet expansion and modernization. This financing marks the first-ever collaboration between BNDES and ITASCA MGA, a UK-based financial…
Alaska Airlines flight attendants have ratified a new three-year labor agreement, finalizing negotiations that focused on wage increases, enhanced benefits, and improved working conditions. The agreement ensures long-term stability for the airline’s cabin crew, addressing key concerns related to compensation and scheduling flexibility.
