Bahamasair, the national airline of The Bahamas, is actively exploring options for modernizing its fleet, with the Boeing 737 MAX emerging as a primary contender. The airline’s current fleet includes Boeing 737-500 and 737-700 models, which are becoming less efficient compared to newer aircraft.
Aergo Capital Limited, a Dublin-based aircraft leasing company, has announced the acquisition of an Airbus A320-200 aircraft, bearing manufacturer serial number 5692. The aircraft, managed by SMBC Aviation Capital, is currently on lease to Iberia, Spain’s flagship carrier.
Air Canada has released its financial results for the third quarter of 2024, reporting operating revenues of $6.1 billion, a 4% decrease compared to the same period in 2023. The airline achieved an operating income of $1.04 billion and an adjusted EBITDA of $1.523 billion, reflecting year-over-year declines of $375 million and $307 million, respectively.
Air Vanuatu, the national airline of Vanuatu, has entered negotiations to sell a 49% minority stake to potential investors, with a focus on revitalizing its financial health and operational reach. The Vanuatu government plans to retain a controlling 51% majority, ensuring national oversight while allowing for strategic investment and expertise from private stakeholders. This move…
El Al, Israel’s flagship airline, has officially withdrawn its bid to acquire a 45% stake in Isracard, the country’s largest credit card company, citing challenges in meeting the regulatory and acquisition requirements before the October 31, 2024, deadline. This retraction marks a strategic shift for El Al, which had initially sought the acquisition to diversify…
