Turkish Airlines and Thai Airways International have formalized a joint business agreement to share revenues on flights operating between Istanbul and Bangkok. This partnership underscores the airlines’ commitment to enhancing their competitive positioning on the critical Asia-Europe corridor.
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LATAM Brasil has announced a significant $40 million investment in the construction of a new maintenance hangar at its LATAM MRO facility located in São Carlos, São Paulo. This new hangar is specifically designed to support the maintenance needs of Boeing 787 aircraft, a model integral to LATAM’s long-haul fleet. The investment underscores LATAM Brasil’s commitment to enhancing its in-house MRO (maintenance, repair, and overhaul)…
Air Peace, Nigeria’s largest private airline, is preparing to expand its fleet with the addition of a dry-leased Embraer E195, carrying serial number 19000029. The aircraft is owned by Regional One, a U.S.-based lessor, and is expected to enter service soon as the carrier navigates ongoing fleet reliability and capacity constraints.
S&P Global has downgraded the credit rating of Brazilian airline Azul from CCC+ to CC, with a negative outlook, following the airline’s recent financing agreement with bondholders. This move reflects S&P’s view that the restructuring deal, aimed at providing Azul with additional liquidity, qualifies as a “distressed” transaction. The downgrade signals ongoing financial strain for…
Transat AT, a Canadian leisure airline and tour operator, has entered into an agreement in principle with the Canada Enterprise Emergency Funding Corporation (CEEFC) to restructure the significant debt it incurred during the COVID-19 pandemic. The debt was provided under the Large Enterprise Emergency Funding Facility (LEEFF)program, which was launched to assist major Canadian companies affected by the crisis.
Malaysia Airlines has expanded its fleet with the delivery of one Boeing B737-8, bearing serial number 66375. The new aircraft, leased, is powered by LEAP-1B27 engines and is expected to enhance the airline’s operational efficiency.
HAECO, the Hong Kong-based global aircraft engineering and maintenance provider, and Satair, a Denmark-headquartered subsidiary of Airbus specializing in aviation aftermarket solutions, have announced the signing of a new strategic supply agreement. This partnership aims to strengthen the long-term component support and material availability for both companies’ global customer bases.
