GOL Linhas Aéreas Inteligentes S.A. has announced the signing of an exit financing commitment letter with select investors as part of its ongoing Chapter 11 restructuring process in the United States. The agreement, subject to conditions including court approval, enables the investors to purchase up to US$1.25 billion of the planned US$1.9 billion debt instruments
The African Development Bank (AfDB) and Ethiopian Airlines Group have signed a letter of intent (LoI) to collaborate on the development of Ethiopia’s ambitious Abusera International Airport project. Valued at US$7.8 billion, the project aims to boost passenger and cargo capacity, strengthen Ethiopia’s role as a leading aviation hub in Africa, and support regional economic
Jet Parts Engineering (JPE), a specialist in PMA parts, DER repairs and MRO services for commercial aircraft, has acquired Percival Aviation, a UK-based company renowned for its design, production and maintenance of aircraft interiors and associated equipment. This strategic acquisition strengthens JPE’s service offering, enabling the company to provide more comprehensive solutions to meet the
The Fraport Group (Fraport) closed the 2024 fiscal year with significant growth in revenue, profit and passenger numbers, driven by increased traffic volumes and pricing at Frankfurt Airport and its international airports. The global airport operator recorded a 16.6% rise in net profit, reaching €501.9 million. According to Fraport CEO Dr. Stefan Schulte, the Group
Vista, the private aviation group, has announced a definitive agreement for a US$600 million equity investment from a consortium of investors led by RRJ Capital, a prominent Asian investment firm. This investment marks a major milestone in Vista’s continued growth and reflects strong confidence in the group’s strategic vision and business model. The new capital
Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, has successfully completed its financial restructuring, reducing approximately US$795 million in funded debt and securing greater financial flexibility for long-term growth. The airline now emerges in a stronger position, better equipped to enhance its services and improve profitability. As part of this restructuring, Spirit has received
Blueberry Aviation has announced a significant milestone, securing asset acquisitions totalling US$113.65 million in 2024 alone. This achievement reinforces the company’s position as a leader in the helicopter trading sector and reflects the strong global demand for its comprehensive fleet offerings and tailored customer solutions. The acquired assets will address the ongoing needs of clients
Willis Lease Finance Corporation (WLFC) has announced total annual revenues of US$569.2 million and pre-tax income of US$152.6 million for the year ended December 31, 2024. Aggregate core lease rent and maintenance reserve revenues reached an all-time high of US$452.1 million, marking a 30.4% increase from US$346.8 million in 2023. This growth was primarily driven
International Airlines Group (IAG) will invest up to €200 million over the next five years through IAGi Ventures, its new corporate venturing arm. This investment is set to be one of the largest of its kind globally and the largest by a European airline group. It underscores IAG’s commitment to harnessing innovation to transform its
Sumitomo Mitsui Finance and Leasing Co., (SMFL) and LCI Investment (LCI) have announced that their joint venture helicopter leasing company, SMFL LCI Helicopters (SMFLH), has entered into an agreement to acquire Macquarie Rotorcraft Limited (MRL), the helicopter leasing business of Macquarie Asset Management. The financial details of the transaction remain commercially confidential. Founded in 2013,
