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Air Peace Receives Two B737-800s on Damp Lease from AirExplore

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Air Peace, a leading airline based in Nigeria, has expanded its fleet with the addition of two Boeing 737-800 aircraft, identified by serials 38173 and 29636. Both aircraft are on a damp lease from AirExplore, a Slovakian airline, and are equipped with CFM56-7B26 engines, known for their reliability and fuel efficiency. This acquisition supports Air Peace’s commitment to enhancing capacity and operational efficiency across its…

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Air France Adds New A220-300 to Fleet

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Air France has taken delivery of a new Airbus A220-300, identified by serial 55305, as part of its fleet modernization strategy. The aircraft is equipped with PW1500G engines, known for their exceptional fuel efficiency and reduced environmental impact. This latest addition highlights Air France’s ongoing commitment to operating a more sustainable and efficient fleet.

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Air Cairo Takes Delivery of A320neo with LEAP-1A26 Engines

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Air Cairo, the Egyptian low-cost carrier, has expanded its fleet with the delivery of a new Airbus A320neo, identified by serial 12273. The aircraft is powered by advanced LEAP-1A26 engines, known for their fuel efficiency and reduced environmental impact. This addition to Air Cairo’s fleet supports the airline’s growth strategy and commitment to modernizing its operations with next-generation…

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T’way Air Reports Q3 2024 Net Loss Despite 14.5% Sales Growth

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T’way Air, a low-cost carrier based in South Korea, has reported its Q3 2024 financial results, showing a net loss of $2.2 million despite achieving a 14.5% year-over-year increase in sales to $281 million. The results highlight the challenges faced by the airline industry in balancing revenue growth with rising operational costs.

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Surf Air Mobility Secures $50M Senior Term Loan from Comvest Partners

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Surf Air Mobility, a leading US-based regional air mobility company, has announced the successful closing and fundingof a new Senior Secured Term Loan provided by Comvest Partners. The facility includes a fully funded $44.5 million term loan, along with a $5.5 million delayed draw term loan earmarked for interest payments during the first 18 months. This financing is expected to bolster Surf…

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Cebu Air Reports 9M 2024 Revenue Growth Despite Profit Decline

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Cebu Air, the Philippines’ largest airline, has reported its 9M 2024 financial results, highlighting an 11% increase in total revenue to $1.26 billion compared to the same period in the previous year. However, the airline’s net income fell by 33%, settling at $57.8 million. This mixed performance reflects both the recovery in travel demand and ongoing operational cost pressures impacting profitability.

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Cargojet to Redeem 5.75% Hybrid Debentures on December 27, 2024

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Cargojet, a leading Canadian cargo airline, has announced its decision to redeem in full all of its outstanding 5.75% senior unsecured hybrid debentures on December 27, 2024. The debentures, originally scheduled to mature on April 30, 2025, will be repaid earlier than anticipated as part of Cargojet’s strategic financial management plan. This move underscores the company’s focus on maintaining…

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Aegean Reports 9M 2024 Revenue Growth Despite Profit Decline

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Aegean Airlines, Greece’s flagship carrier, has announced its financial results for the first nine months (9M) of 2024, showing mixed performance. The airline reported a 4% increase in consolidated revenue, reaching $1.46 billion, compared to the same period last year. However, its profit after tax fell by 23%, amounting to $139.9 million. Additionally, the company disclosed $807 million in cash, cash equivalents, and other financial…

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Really Cool Airlines to Launch in 1H 2025 with B777-200ER Fleet

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Really Cool Airlines, a new airline based in Thailand, is set to commence operations in the first half of 2025 with two Boeing 777-200ER aircraft leased from Thai Airways International. The airline plans to deploy these aircraft on routes connecting Thailand to Japan, aiming to capture a share of the popular travel market between these regions. The B777-200ER, known for its long-haul…

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Wizz Air to Base Fifth A321neo in Balice, Launching New Routes

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Wizz Air, the Hungarian low-cost carrier, is expanding its operations by basing its fifth A321neo aircraft at Balice Airport. This addition will support the launch of new routes to Basel, Bergen, and Genoa, enhancing connectivity between Poland and key European cities. The deployment of the A321neo, known for its fuel efficiency and passenger capacity, aligns with Wizz Air’s strategy to expand…