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Nepal Airlines Repays $545M in Aircraft Loans from Employee Fund

Nepal Airlines has continued to reduce its outstanding aircraft debt with the repayment of an additional $3.9 million, bringing its total loan repayments to $545 million. These repayments relate to loans obtained from the airline’s employee fund for the acquisition of four aircraft.

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Electra.aero Secures $115M to Advance EL9 Aircraft Program

Electra.aero, a US-based aerospace innovator focused on sustainable flight solutions, has secured $115 million in Series B funding to propel its EL9 program into pre-production and certification stages. The EL9 is an ultra-short takeoff and landing (ultra-STOL) electric hybrid aircraft designed for point-to-point mobility in urban and remote regions.

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GOL May Postpone U.S. Bankruptcy Exit Without Full Funding

GOL Linhas Aéreas Inteligentes, the Brazilian low-cost airline, has indicated that it may delay its planned exit from Chapter 11 bankruptcy proceedings in the United States unless it is able to secure the full $1.9 billion in required funding by May 15, 2025. To date, the airline has successfully secured $1.25 billion in investor commitments, leaving a funding gap…

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Malaysia Aviation Group Reports 93% Profit Drop For 2024

Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has reported a 93% decline in its 2024 net profit, citing the dual impact of lower average airfares and capacity constraints driven by global supply chain and maintenance issues. The carrier posted a net profit of $12 million, down sharply from the prior year.

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Falko Series A Loans Upgraded By KBRA

Falko, a UK-based regional aircraft leasing company, has announced that Kroll Bond Rating Agency (KBRA) has upgraded the rating of its Series A Loans issued under the Regional 2021-1 transaction, raising them from A- to A. The upgrade underscores Falko’s strong portfolio performance and effective asset management in a volatile leasing environment.

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China Southern Eyes Cargo Arm IPO In Hong Kong

China Southern Airlines is reportedly planning an initial public offering (IPO) of its cargo subsidiary, China Southern Air Logistics, with the listing expected to take place in Hong Kong. The move is aimed at raising substantial capital to support the division’s growth, amid strong demand in the global air freight sector.