The Secretaría de la Defensa Nacional (Sedena), the governmental department overseeing Mexicana, has increased its budget request to US$1.0 billion to finance the purchase of 20 Embraer E2 aircraft currently on order. This significant investment highlights Sedena’s ambition to modernize Mexicana’s fleet and enhance its operational capacity.
LOT Polish Airlines (Poland) has completed the repayment of the second tranche of its pandemic-era loan, transferring a total of US$108.6 million plus interest to the State. This repayment marks another significant step in LOT’s financial recovery following the challenges posed by the global COVID-19 pandemic.
Vietjet (Vietnam) has successfully issued seven bonds in 2024, amounting to a total face value of $433 million. Each bond carries a 60-month term and offers an 11% annual interest rate, reflecting the company’s strategic move to bolster its financial foundation and support future growth initiatives.
Silver Airways (US) has announced that it will utilize cash collateral to cover its operating expenses for an initial two-week period. This move comes as the airline works to secure Debtor-in-Possession (DIP) financing, which is essential for stabilizing its financial position and continuing operations.
SATA (Portugal) has announced an ambitious plan to achieve $67 million in savings through its financial sustainability plan, which will roll out across 2025. This comprehensive plan includes 40 targeted measures aimed at streamlining operations, improving efficiency, and reducing costs.
Delta Air Lines (US) has announced robust financial results for the fourth quarter of 2024 and the full year. In 4Q 2024, the airline achieved an operating revenue of $15.6 billion, a 5.7% increase compared to the same period in the previous year. Delta’s net income for the quarter was $843 million, reflecting its strong operational performance.
Avolon (Ireland) has released a forecast predicting that growth in the Asia-Pacific region will be the primary driver behind global airline revenues surpassing $1 trillion for the first time in 2025. The report highlights the region’s rapidly expanding air travel market and its pivotal role in shaping the future of global aviation.
Aircastle (US) has announced its financial results for the third quarter of 2024, covering the period ended 30 November 2024. The company reported total revenues of $194 million and a net income of $18 million, reflecting stable financial performance in a challenging market environment.
BOC Aviation (Singapore) has released details of its transactions for the fourth quarter of 2023 and its projections for 2024, highlighting strong growth and activity across its operations.
Lufthansa has successfully issued an unsecured euro hybrid bond with a total volume of US$515 million (approximately €475 million). This bond is part of Lufthansa’s financial strategy to maintain liquidity and strengthen its financial position. The bond bears an interest rate of 5.25% per annum and has a term of 30 years, demonstrating Lufthansa’s confidence in its long-term stability and growth.
