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Asman Airlines Secures $55M Financing For First Narrowbody Fleet

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Asman Airlines, a subsidiary of Airports of Kyrgyzstan, has secured $55 million in financing to expand its fleet with its first narrowbody aircraft. The deal, backed by the Eurasian Development Bank, the Russian-Kyrgyz Development Fund, and state-owned OJSC Eldik Bank, will allow the carrier to add either Airbus A320/A321 or Boeing 737NG models to its fleet. The financing agreement is expected to close in September 2025, following…

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Virgin Australia Faces Higher Maintenance Costs Amid Boeing Delays

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Virgin Australia is grappling with rising maintenance expenses as delays in aircraft deliveries from Boeing force the carrier to keep older aircraft in service longer than anticipated. The airline, which has been undergoing a post-pandemic recovery and modernization plan, has extended some of its existing leases to maintain operational capacity. This decision, however, has increased short-term costs, given…

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SMBC Aviation Capital Launches GAEL II Fund With Japanese Investors

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SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, has announced the successful close of its second Japanese-focused investment fund, GAEL II (Global Aviation Equipment Leasing). The fund, finalized on 20 August 2025 in Dublin, raised equity capital from 14 Japanese financial investors to acquire a portfolio of eight aircraft from SMBC Aviation Capital’s portfolio.

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Air Mauritius Posts Strong First Quarter Profit

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Air Mauritius has announced a net profit of MUR 252.7 million (EUR 4.9 million) for the first quarter of the 2025/2026 financial year, marking the airline’s best first quarter results in nine years. The figures were approved during the board meeting held on 14 August 2025 and reflect a strong performance achieved in spite of significant operational headwinds.

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Eve Air Mobility Raises $230M, Dual Lists in US and Brazil

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Eve Air Mobility (NYSE: EVEX, EVEXW) has announced the completion of a $230 million equity capital raisethrough a registered direct offering, accompanied by a dual listing in both the United States and Brazil. The financing round saw participation from BNDESPAR, a subsidiary of the Brazilian Development Bank (BNDES), Embraer, and other institutional investors.

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airBaltic Reports Strong Q2 Profit, Record H1 Revenue

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airBaltic has reported a significant turnaround in Q2 2025, achieving a net profit of EUR 27.6 million compared to a loss of EUR 24.2 million in the same quarter last year. Quarterly revenue rose 4.8% year-on-year to EUR 216.9 million, driven by steady passenger growth and improved operational performance. Adjusted EBITDAR reached EUR 55.2 million, while passenger numbers climbed 8.3% to 2.5 million, and the load factor…

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Air Arabia Reports Q2 2025 Profit Of AED 415 Million

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Air Arabia has reported strong financial and operational results for the second quarter of 2025, reinforcing its market leadership as the Middle East and North Africa’s largest low-cost carrier. The airline recorded a net profit of AED 415 million for Q2, a slight 3% decrease compared to AED 427 million in Q2 2024. Quarterly revenue rose to AED 1.69 billion, a 2% increase year-on-year. Passenger…

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Aeroflot Group Reports July 2025 Operating Results

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Aeroflot Group has released its operating results for July 2025, showing a total of 5.7 million passengers carried across its network. This represents a 7.9% increase compared to June 2025 but a 2.3% decline from the same month in 2024. The group maintained a strong 91.2% passenger load factor, albeit 1.3 percentage points lower than July last year.

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Castlelake Launches Merit AirFinance With $1.8B Lending Capability

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Castlelake, a global alternative investment manager with two decades of experience in asset-based private markets, has announced the creation of Merit AirFinance, a dedicated aviation lending entity aimed at supplying debt capital to airlines and leasing companies for both new and used aviation assets. The move marks a significant strategic development, offering clear separation between Castlelake’s…