Flair Airlines (Canada) has announced plans to raise $150 million in senior debt as part of its ongoing financial restructuring efforts. The airline has enlisted the expertise of Haywood Securities (Canada) to manage the fundraising process, aiming to stabilize its operations and support long-term growth.
Astral Aviation, a leading cargo airline based in Kenya, has expanded its fleet with the addition of a Boeing 737-400F, identified by serial number 27082. The aircraft is leased from Avmax Aircraft Leasing (Canada) and will bolster Astral’s growing cargo operations across Africa and beyond.
WestJet, Canada’s prominent low-cost carrier, has announced the return of its seasonal service between Halifax (YHZ)and Paris (CDG) for summer 2025. This transatlantic route will complement WestJet’s growing European network, which also includes services to Edinburgh, Dublin, and London, all resuming in May 2025.
Sunwing Airlines, a Canadian leisure carrier, has expanded its fleet with the delivery of a Boeing 737-800, serial number 35142, under a wet lease agreement with TUI Airways, a UK-based airline. The aircraft is powered by CFM56-7B26 engines, renowned for their efficiency and reliability.
MHI RJ Aviation Group (Canada) and Maeve Aerospace (Germany) have announced a strategic partnership to cooperate on the development of Maeve’s innovative M80 aircraft. This collaboration will focus on providing engineering and advisory services, leveraging the expertise of both organizations to advance the M80’s design and bring it closer to market readiness.
Cargojet, a leading Canadian cargo airline, has announced its decision to redeem in full all of its outstanding 5.75% senior unsecured hybrid debentures on December 27, 2024. The debentures, originally scheduled to mature on April 30, 2025, will be repaid earlier than anticipated as part of Cargojet’s strategic financial management plan. This move underscores the company’s focus on maintaining…
CAE has announced that its President and CEO, Marc Parent, will be leaving the company at its Annual General Meeting in August 2025. Parent’s departure is part of an ongoing succession plan designed to ensure a smooth leadership transition for the Canadian aerospace and training company. Parent has been a pivotal figure in CAE’s growth and innovation, leading the company through transformative…
Chorus Aviation, based in Canada, reported a 7.4% increase in net income for the third quarter of 2024, reaching $13.2 million. Despite this gain, the company experienced a 9.5% decrease in operating revenue, which fell to $246.4 million. These mixed results reflect ongoing adjustments in the aviation sector and Chorus Aviation’s efforts to maintain profitability.
Australia has secured Open Skies agreements with both Canada and Malaysia, granting airlines from these countries unrestricted rights to operate air passenger services to and from Australia starting in 2026. These agreements mark a significant shift in Australia’s aviation landscape, aiming to enhance connectivity and boost competition on international routes. The Open Skies policy is designed to promote greater accessibility, allowing airlines to operate…
Sunwing Airlines, a Canadian low-cost carrier, has bolstered its fleet with the addition of a Boeing 737-800, serial number 39922, acquired on a wet lease from TUI Airways in the United Kingdom. This aircraft comes equipped with CFM56-7B27E engines, known for their efficiency and reliability, which aligns with Sunwing’s operational goals of providing dependable and cost-effective air travel. The wet…
