Mesa Air Group has announced its financial and operational results for the first quarter of fiscal year 2025 (Q1 FY2025). Total operating revenues for Q1 FY2025 were US$103.2 million, a decline of US$15.5 million or 13.1% compared to US$118.8 million in Q1 2024. Contract revenue dropped to US$80.7 million, down by US$20.4 million or 20.2%
The SIA Group has reported a record group revenue of SG$19,540 million for FY2024/25, an increase of SG$527 million (+2.8%) compared to the previous year. This was driven by sustained demand for both air travel and cargo services. SIA and Scoot together carried a record 39.4 million passengers, marking an 8.1% year-on-year increase. However, the
Maverick Aviation Group (Maverick) has announced its acquisition of Maxcraft Avionics, a Canadian provider of avionics installation, repair and design engineering services based in Pitt Meadows, British Columbia. This strategic move significantly strengthens Maverick’s footprint in Western Canada and establishes the combined entity as one of the most capable independent avionics and instrument service providers
Air France-KLM has successfully priced a €500 million issuance of hybrid bonds, offering a fixed annual coupon of 5.75% (yielding 5.875%) until the first reset date. The undated, deeply subordinated hybrid bonds will be rated BB by Fitch and B+ by S&P, qualifying for 50% equity credit from both agencies. Fitch and S&P have reaffirmed
Mitsubishi UFJ Financial Group (MUFG) has closed a US$52.3 million upsize for Viva Aerobus, one of Mexico’s rapidly expanding low-cost carriers. This marks the second increase to the existing senior secured portfolio term loan, bringing the total financing to US$259.2 million. The loan now covers eight aircraft and four engines in total. MUFG served as
AE Industrial Partners (AE Industrial), a private investment firm focused on National Security, Aerospace and Industrial Services, has announced the successful closing of its second aerospace leasing fund, AE Industrial Partners Aerospace Leasing Fund II, LP (Aerospace Leasing Fund II). The fund was oversubscribed, securing total capital commitments of US$418 million, a testament to robust
Delta Air Lines and Korean Air will deepen their respective partnerships with WestJet by acquiring minority equity stakes in the Canadian airline from Onex Partners, a Canadian investment and alternative asset management firm. Affiliated funds and co-investors of the Onex Group are also expected to participate in the sale alongside Onex Partners. These investments build
Investec, a prominent international financial services provider, has completed a structured financing deal for four end-of-life Airbus A330-300 aircraft, managed by aviation asset specialist EirTrade. The aircraft, previously leased to a global airline, will be dismantled for parts by EirTrade following their return from lease, in a process known as part-out. This deal was executed
Air Canada has reported a net loss of CA$102 million for the first quarter of 2025, as cost pressures and a slight decline in revenue weighed on the airline’s performance. The airline’s operating revenue came in at CA$5.196 billion, a modest decrease of CA$30 million or 1% compared to the same quarter in 2024, largely
HALO AirFinance (HALO), the joint venture between GA Telesis and Tokyo Century Corporation, has successfully closed a senior loan to support the acquisition of a Boeing 737-800 by a special purpose entity managed on behalf of Crestone Air Partners (Crestone). The entity is primarily funded by Blue Owl Capital, and the aircraft is currently leased
