Vietravel Airlines Doubles Charter Capital to $51.4 Million

ByAdmin 12/11/202413/11/2024

Vietravel Airlines, a prominent airline based in Vietnam, has significantly raised its charter capital by nearly 100%, bringing the total to US$51.4 million. This capital expansion is a strategic move aimed at supporting the airline’s growth initiatives, strengthening its financial foundation, and improving its operational capacity to meet increased demand in the Vietnamese air travel market. Vietravel Group, which is the airline’s major shareholder, now holds an 85.8% stake in Vietravel Airlines following this capital increase. This substantial investment indicates a strong commitment from Vietravel Group to the airline’s long-term success and market competitiveness.

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Airbus | Airlines | CFM International | Delivery | Fleet

Loong Air Expands Fleet with New Airbus A321neo Delivery

ByAdmin 01/11/202404/11/2024

Loong Air, a Chinese carrier, has bolstered its fleet with the recent delivery of an Airbus A321neo, serial number 12210, powered by advanced LEAP-1A32 engines from CFM International. This addition supports Loong Air’s growth strategy, as the airline looks to expand its regional and domestic network with modern, fuel-efficient aircraft.

Airlines | Financial | Loan

Asiana Airlines to Repay Loans Ahead of Schedule

ByAdmin 16/12/202417/12/2024

Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts.

Airlines | Crisis | Management

Thai Airways Faces Opposition Over Amendment to Add Government Officials as Administrators

ByAdmin 06/11/202408/11/2024

Thai Airways International faces strong opposition from its labor union and creditors regarding a proposed amendment to its business rehabilitation plan. The amendment seeks to add two government officials as administrators of the airline’s rehabilitation process, a move that has stirred concerns among stakeholders. Both the labor union and creditors argue that appointing government officials as administrators could influence the airline’s management and…

Airlines | Boeing | Delivery | Fleet | Wet Lease

euroAtlantic Airways to Strengthen Fleet with Two B777s

ByAdmin 25/11/202427/11/2024

euroAtlantic Airways, a leading Portuguese charter and ACMI operator, has announced plans to acquire two Boeing 777 aircraft. This strategic expansion aims to strengthen the airline’s fleet and enhance its operational capabilities, enabling it to meet the growing demands of the global market.

Airlines | Embraer | General Electric | Transactions

American Eagle Adds New Embraer E170 to Fleet

ByAdmin 16/10/202416/10/2024

American Eagle, a regional carrier operating in the US, has added a new Embraer E170 aircraft to its fleet.

Airlines | Boeing | Fleet | Maintenance

El Al Acquires B777 Fuselage for Spare Engine Support

ByAdmin 25/11/202427/11/2024

El Al, Israel’s national carrier, has announced the purchase of a Boeing 777 fuselage to bolster its spare engine availability. The acquisition, valued at $7.3 million, was made from a foreign company as part of the airline’s ongoing efforts to ensure operational reliability and efficiency.

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