AK Holdings Co., the parent company of Jeju Air, has announced the cancellation of its planned corporate bond issuance. The company has also requested the credit rating agency to withdraw the associated rating for the bond. This decision marks a shift in AK Holdings’ financing strategy as it navigates ongoing challenges in the aviation sector.
AerCap Ireland and AerCap Global Aviation Trust, leading entities in the aircraft leasing sector, have announced the successful pricing of a $1.5 billion senior notes offering. The offering comprises $750 million in 4.875% Senior Notesdue in 2028 and an additional $750 million in 5.375% Senior Notes due in 2031.
Dubai Aerospace Enterprise (DAE), a leading global aircraft leasing company based in the UAE, has announced the signing of a definitive agreement to acquire 100% of Nordic Aviation Capital (NAC), an Ireland-based lessor specializing in regional aircraft. This acquisition marks a significant expansion of DAE’s portfolio and strengthens its position in the global aviation leasing market.
Akasa Air has announced the appointment of Belson Coutinho as its new Chief Operating Officer (COO), effective January 6, 2025. In his role, Coutinho will oversee critical operational functions, including Inflight Services, Airport Services, Maintenance & Engineering, Flight Operations, Integrated Operations Control Center (IOCC), and Operational Excellence. Additionally, he will lead the Akasa Air Learning Academy, focusing on training and development initiatives for the airline’s workforce.
Skyward Aviation Insights proudly introduces its founder and CEO, Aaron Bricker, a seasoned aviation professional with over 25 years of experience across global aviation enterprises. Aaron’s remarkable journey from a senior executive to the cornerstone of Skyward is a testament to his dedication to driving transformative business scaling strategies and operational excellence.
Fly2Sky Airlines has announced the appointment of Lee Jones as its new Chief Executive Officer. With over two decades of experience in the aviation industry, Jones is recognized for his transformative leadership, strategic innovation, and operational excellence. His proven track record in driving growth and implementing visionary strategies positions him as the ideal leader to guide Fly2Sky into a…
Toki Air, a regional airline based in Japan, has announced the extension of its suspension and schedule changes until January 20, 2024, due to ongoing aircraft maintenance. The airline is currently operating with only one aircraft after one of its two ATRs was struck by lightning, rendering it temporarily out of service.
PLAY Airlines, Iceland’s low-cost carrier, has announced the cancellation of several routes in its 2025 schedule. The affected routes include flights from Reykjavik Keflavik to Gothenburg, Hamilton, Palma de Mallorca, and Stockholm Arlanda. This decision reflects the airline’s strategy to optimize its network and focus on routes with higher demand.
GallopAir, a new airline based in Brunei, has successfully launched its first commercial service, operating a flight between Guangzhou, China, and Brunei. The flight was conducted using a C909 aircraft, operated under a partnership with China Southern Airlines, marking a significant milestone for the airline’s entry into the aviation market.
euroAtlantic Airways, a Portuguese charter and ACMI operator, has announced a new partnership with Azul Brazilian Airlines to provide direct flights between Sao Paulo Viracopos Airport and Lisbon. The agreement will commence on December 19, 2024, with one aircraft already in operation and the possibility of adding more in 2025 to meet rising demand.
