KLM Royal Dutch Airlines (KL, Amsterdam Schiphol) hopes to maintain its USD1 billion fleet renewal "as much as possible" despite announcing new austerity measures that include deferring new investments. Announced on October 3, the measures aim to enhance the Dutch flag carrier's operational and financial performance, targeting a EUR450 million euro (USD497 million) short-term improvement [...]
Source: ch aviation Read more: Romanian tour operator files TAROM insolvency bid
AZAL Azerbaijan Airlines (J2, Baku Heydar Aliev International) signed a dry-lease contract with AerCap for an additional three A320neo and three A321neo, without specifying the variants, on October 2, 2024. According to the lessor's press release, the CFM International LEAP-powered aircraft will be drawn from AerCap's Airbus order book, with deliveries running from Spring 2026 [...]
Source: ch aviation Read more: Vanuatu's Unity Airlines delays Aero Commander induction
Source: ch aviation Read more: Malaysia's Prima Air to be sold to logistics group Sin-Kung
The managing director of Sharp Airlines (SH, Hamilton, VI) says the scheduled Australian regional carrier is watching what happens with Rex - Regional Express (ZL, Wagga Wagga) and its flights to Bass Strait's King Island. Malcolm Sharp said his airline is in a "strategic hold" and, with its 14-year history of flying to nearby Flinders [...]
Source: ch aviation Read more: Portugal’s TAP pitches lowball debt settlement offer to Azul
Source: ch aviation Read more: French Polynesia's Air Moana maintains ops despite deadline
LATAM Airlines Group has successfully issued USD1.4 billion worth of secured notes, maturing in 2030 at an annual interest rate of 7.875%. By refinancing its debt, LATAM will reduce its cost of debt while generating annual savings of approximately USD83 million in lower interest payments, the company said in a material fact filed to Chile’s [...]
Robert ‘Bob’ Jordan, Gary Kelly, and Rakesh Gangwal, respectively the chief executive officer (CEO), executive chairman, and board director member of Southwest Airlines (WN, Dallas Love Field), have bought over 3.7 million shares in the Texan budget carrier, SEC filings have shown. Rakesh Gangwal, who is also the co-founder and owner of India's IndiGo Airlines [...]