Dubai Aerospace Enterprise (DAE) has reported its full-year 2024 financial results, showing solid revenue growth and increased profitability. The company posted total revenue of $1.42 billion, while profit before tax reached $532.3 million, demonstrating strong financial resilience. As of December 31, 2024, DAE’s available liquidity stood at $3.78 billion, reinforcing its financial stability and investment capacity.
Chorus Aviation has announced that its Class A Variable Voting Shareholders and Class B Voting Shareholders have approved a special resolution authorizing a share consolidation plan. The company’s Board of Directors is now authorized to proceed with the implementation of the consolidation.
Azul has announced a significant capital increase following approval by its Board of Directors. The airline plans to raise between $260 million and $1 billion through a private subscription of new preferred shares, reinforcing its financial position amid ongoing strategic growth efforts.
Allegiant Travel Company has released its fourth-quarter and full-year 2024 financial results, showing modest revenue growth but continued net losses. In Q4 2024, the company reported total operating revenue of $627.7 million, reflecting a 2.7% increase compared to the previous year. However, the airline posted a net loss of $216.2 million for the quarter.
Qatar Airways is nearing the completion of its acquisition of a 49% stake in RwandAir and a 60% stake in the new Bugesera International Airport, following prolonged negotiations with the Rwandan government. The update was confirmed by Rwanda’s President Paul Kagame, who indicated that discussions are now in their final stages.
Sun Country Airlines has strengthened its financial position by raising $60 million through a new C-tranche appended to its 2019-1 Enhanced Equipment Trust Certificate (EETC). The airline used the full amount to pay down a significant portion of its term loan, which was financing five Boeing 737-900ER aircraft. This move reflects the airline’s strategy of optimizing its capital structure, reducing long-term debt obligations,…
Global Crossing Airlines has released its preliminary financial projections for the fourth quarter and fiscal year ending December 31, 2024. The company anticipates Q4 2024 revenue to be between $55 million and $61 million, with an EBITDA ranging from $2 million to $5 million.
Fitch Ratings has assigned the following expected ratings to the notes issued by Castlelake Aircraft Structured Trust 2025-1: These notes are secured by lease payments and disposition proceeds from a pool of 36 passenger aircraft operated by various third-party lessees. The assigned ratings reflect Fitch’s assessment of the credit quality of the underlying lessees, the diversification and age of…
Chorus Aviation, a Canadian aviation company, has announced the successful completion of its previously announced offers to purchase all outstanding 6.00% Convertible Senior Unsecured Debentures due June 30, 2026, and 5.75% Senior Unsecured Debentures due December 31, 2024. The total repurchase amounts to approximately US$55.9 million.
ANA Holdings, Japan’s largest airline group, has announced its financial results for the nine-month period ending December 31, 2023. The company reported a 10% increase in revenue, reaching $10.9 billion, while net income experienced a slight decline, totaling $863 million.
