Jambojet, a regional low-cost airline based in Kenya, has obtained a $13.4 million loan from NCBA Group for the financial year ending December 2024. The funding is part of a strategic move to restructure aircraft leases and cover engine maintenance costs, reflecting the airline’s ongoing focus on operational stability and fleet reliability.
Air Mauritius has unveiled a renewed business strategy under the leadership of Chairman Kremchand Beegoo, outlining its target to return to profitability by 2026. The national carrier of Mauritius is aiming for a complete operational and financial recovery by 2027, following significant challenges in recent years, including the pandemic’s prolonged impact on tourism and international air travel.
Abelo, the Irish aircraft leasing company, has undergone a change in ownership as an affiliate of Cerberus Capital Management has acquired the business from funds managed by Oaktree Capital Management. The transaction signifies a strategic realignment in Abelo’s financial backing, potentially signaling new directions or growth plans under Cerberus’s stewardship.
Bangkok Airways has announced a significant share repurchase initiative as part of its strategy to optimize capital allocation and reward its investors. The airline plans to repurchase 64 million shares valued at approximately $31 million, aiming to return excess liquidity to shareholders amid a stabilizing operating environment.
TAP, the national airline of Portugal, reported a net loss of $122.6 million for the first quarter of 2025, underlining persistent financial challenges despite an improving global aviation environment. The carrier’s operating revenue fell 4.5% year-over-year, totaling $933.6 million, suggesting a drop in travel demand or yield compression on its primary routes.
Azul, one of Brazil’s largest airlines, is reportedly in advanced negotiations with creditors to secure approximately $600 million in emergency financing. This strategic move is aimed at sustaining operations through a potential bankruptcy process, which could be initiated as early as next week. The airline, like many others in Latin America, has faced significant financial turbulence over recent…
SMBC Aviation Capital, headquartered in Ireland, has released its fiscal year 2024 results for the period ending 31 March 2025, posting a 22% year-on-year increase in pre-tax profit to $563 million, excluding exceptional items. The lessor also confirmed $2 billion in core lease rental income and $1.41 billion in total recoveries related to Russian insurance settlements.
StandardAero, a major US-based MRO and aerospace services provider, has announced the pricing of an underwritten public offering of 30 million shares of its common stock. The shares, priced at $28.00 each, are being offered by two of the company’s current stockholders and not by StandardAero itself.
SEBC Aviation Leasing, headquartered in Denmark, has revealed it is owed approximately $10.6 million by Runway Leasing, also based in Denmark. The outstanding payment relates to the sale of three Embraer E195 aircraft that were previously operated by Great Dane Airlines.
easyJet, the UK-based low-cost carrier, has reported a headline loss before tax of $528.9 million for the first half of its fiscal year ending 31 March 2025. Despite the loss, group revenue rose 8% year-on-year to $4.7 billion, indicating ongoing recovery in passenger demand and network expansion.
