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Thai Airways Restructures Shareholding via Debt-to-Equity Conversion

Thai Airways International has undergone a significant shareholding restructure as part of a debt-to-equity conversion, altering the composition of its major shareholders. This move is a key element of Thai Airways’ broader restructuring plan aimed at improving its financial stability and positioning the airline for long-term recovery.

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Japan Airlines Takes Delivery of First A350-1000

Japan Airlines (JAL) has expanded its fleet with the delivery of its first Airbus A350-1000, bearing serial number 683. The aircraft is powered by Rolls-Royce Trent XWB-97 engines, known for their fuel efficiency and advanced performance capabilities. This delivery is part of a larger order for 13 A350-1000 aircraft, scheduled to arrive within the current fiscal year.

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Air India COO Klaus Goersch to Be Succeeded by Basil Kwak

Air India has announced a leadership transition as Klaus Goersch, the airline’s Chief Operating Officer (COO), will step down in January 2025. Klaus will assume the role of Executive Vice President (EVP) and COO at Atlas Air Worldwide Holdings (US). His successor will be Basil Kwak, a senior executive from Vistara, marking another significant personnel movement within the Tata Group’s aviation ventures.

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Icelandair Receives Its First A321LR

Icelandair has taken delivery of its first Airbus A321LR, marking a significant step in the airline’s fleet modernization strategy. The aircraft, bearing serial number 12213, is the first of four on lease from SMBC Aviation Capital. It is powered by Pratt & Whitney PW1133G-JM engines, known for their efficiency and lower emissions.