VSE Corporation, a leading provider of aftermarket distribution and maintenance services, has signed a definitive agreement to acquire Kellstrom Aerospace Group from AE Industrial Partners for $200 million.
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Iberia, the flag carrier of Spain, has announced an ambitious strategic plan aimed at increasing its operating profit to US$1.6 billion over the coming years. This represents a 40% improvement compared to its 2023 financial performance. The initiative is supported by a planned US$7 billion investment, which will be deployed across fleet, infrastructure, technology, and customer experience enhancements.
Fitch Ratings has downgraded the long-term credit rating of Spirit Airlines from ‘CCC’ to ‘CC’, signaling heightened financial distress and the likelihood of a near-term default. This latest downgrade places Spirit Airlines below other low-cost carriers (LCCs) in North America, reflecting concerns about the airline’s financial stability.
Avianca Group International‘s subsidiary, Avianca Midco 2, has officially announced an offer to exchange any and all of its outstanding 9.000% Tranche A-1 Senior Secured Notes for newly issued 9.000% Senior Secured Notes, both maturing in 2028. This exchange aims to provide enhanced financial flexibility and optimize the company’s capital structure.
Turkish Airlines has released its August 2025 traffic results, highlighting strong growth across both passenger and cargo operations. The airline carried over 9 million passengers during the month, representing a 12.8% year-on-year increase, while the passenger load factor rose to 86.2%, up from 85.2% in August 2024.
Mesa Air Group has announced the successful sale of 23 CF34-8C engines, generating total proceeds of $33.5 million.
China Aircraft Leasing Group Holdings Limited (CALC), based in Hong Kong, has announced the successful upsizing of its inaugural warehouse facility to US$700 million. This significant financial enhancement is supported by the participation of 20 leading banks from around the world.
