Full year demand for air cargo in 2024 increased 11.3% and international operations by 12.2%, compared to 2023, according to the International Air Transport Association (IATA). Full year demand also e...
Royal Jordanian has extended its partnership with air and travel services provider dnata. dnata will continue to oversee the operations of Jordna Flight Catering Company (JFCCO) under a long-term cont...
IAG Group airline Vueling has launched two new routes from London Heathrow to Bilbao and Santiago de Compostela. The airline will operate daily flights for both routes. “These additions not only reinf...
Investec closed its first transaction with regional airline based in the British Overseas Territory of the Turks and Caicos Islands, interCaribbean Airways. The transaction financed the acquisition of...
The UK Government backed Heathrow’s expansion with the Chancellor announcing the government’s support for a third runway on January 29, 2025.The expansion is part of the government’s set of reforms to...
Azul has completed the restructuring of its obligations with nearly all bondholders, lessors, and OEMs, the Brazilian airline said on January 29, 2025. In addition, the company closed its previously a...
Nord/LB's global head of aviation Frank Wulf said his time at the bank “will come to an end” as this month closes after “the successful transition of the aviation lending book to Deutsche Bank”, Wulf ...
Aircastle priced its $500 million 5.250% senior notes due 2030 at an issue price of 99.171% on January 28, 2025. The issuers plan to use the net proceeds of the offering for general corporate purposes...
Carlyle Aviation Partners has issued the first commercial aircraft asset backed securities (ABS) of 2025 with the $518.3 million AASET 2025-1 on January 27, 2025.The issuance is split into two tranche...
Pratt & Whitney’s operating result swung to a profit of $2bn in full year 2024, up from an operating loss of $1.5bn in 2023. For the quarter, operating profit was up 32% to $504 million. Sales were up...
An Air Busan aircraft caught on fire before departing Gimhae International Airport in Busan on January 28, 2025, Yonhap News Agency reported, citing authorities.Early reports from South Korea's Yonhap...
Germany’s Lufthansa airline group is reportedly in talks to take a minority stake in Spain's Air Europa, according to a report from Spanish media outlet el Economista.The Hidalgo family, which owns 80...
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