{"press_releases":[{"id":57431,"article":"Calgary, Alberta, June 18, 2026 – De Havilland Aircraft of Canada Limited (De Havilland Canada) is pleased to announce the delivery of the first of two Twin Otter Classic 300-G aircraft to Ethiopian Airlines, Africa’s largest airline.\r\n\r\nThe aircraft will support Ethiopian Airlines’ efforts to expand regional connectivity and provide access to remote communities, tourism destinations, and lake regions across Ethiopia and East Africa.\r\n\r\n“We appreciate Ethiopian Airlines’ confidence in De Havilland Canada and the Twin Otter Classic 300-G,” said Ryan DeBrusk, Vice President, Sales and Marketing, De Havilland Canada “The Twin Otter’s proven reliability, versatility, and ability to operate in challenging environments make it well suited to the diverse missions Ethiopian Airlines will undertake across the region. We value the trust Ethiopian Airlines has placed in De Havilland Canada and look forward to supporting their continued growth and commitment to connecting communities throughout East Africa.”\r\n\r\nThe Twin Otter Classic 300-G combines the legendary aircraft’s proven short takeoff and landing (STOL) performance which offers a greater payload capability, with a modern Garmin G1000 integrated flight deck, new Lightweight Cabin Seats, enhanced electrical systems, and upgraded cockpit ergonomics. Building on decades of proven performance, the 300-G delivers greater operational efficiency and mission flexibility while retaining the rugged capabilities that enable operators to serve destinations where other aircraft cannot.\r\n\r\n“The delivery of our first Twin Otter Classic 300-G is an important milestone in our regional growth strategy,” said Mesfin Tasew, Group Chief Executive Officer of Ethiopian Airlines. “This aircraft will enable us to better serve remote areas while supporting tourism, economic development, and essential air services throughout the region.”\r\n\r\nThe first delivery marks the beginning of Ethiopian Airlines’ Twin Otter Classic 300-G fleet expansion, with a second aircraft scheduled for delivery later in 2026.","title":"De Havilland Canada Delivers First Twin Otter Classic 300-G to Ethiopian Airlines","slug":"de-havilland-canada-delivers-first-twin-otter-classic-300-g-to-ethiopian-airlines","date":"2026-06-19T09:25:00.000Z","company":{"image_url":"/uploads/companies/4669/de_havilland_aircraft_of_canada","name":"De Havilland Aircraft of Canada","id":4669},"formatted_date":"19JUN2026","thumb_url":"/uploads/press_release_images/a41bc4d39f67a2d4df397eb470fd862a.jpg"},{"id":57430,"article":"PORT VILA, VANUATU -June 18, 2026 - The Board of Directors of Air Vanuatu (Operations) Ltd today announced the appointment of Mr Philippe \"Phil\" Busson as the new Chief Executive Officer of the national carrier. Mr Busson succeeds Mr Joseph Laloyer, whose long and distinguished service to Air Vanuatu the Board wishes to recognise with its deepest gratitude.\r\n\r\nA Heartfelt Thank You to Joseph Laloyer \r\n\r\nFew people have given as much to Air Vanuatu as Joseph Laloyer. Over a career spanning more than two decades with the airline, Mr Laloyer served as Chief Executive Officer across several periods — first leading the company from 2010, and returning to the helm whenever the airline most needed steady, experienced leadership, including through its most recent and most challenging chapter. \r\n\r\nDuring his tenure, Mr Laloyer guided Air Vanuatu through significant fleet renewal and investment, including the introduction of new ATR aircraft, a Twin Otter and a Boeing 737-800, and oversaw the airline's IOSA safety re-registration and the strengthening of its codeshare partnerships. He steered the carrier through some of the most difficult periods in its history from the aftermath of Cyclone Pam, through the COVID-19 pandemic, and most recently through the airline's restructuring and the rebuilding of its operations. \r\n\r\nTime and again, Mr Laloyer answered the call to serve his country's national airline, often stepping back into leadership during moments of uncertainty. The Board recognises that this commitment came with personal sacrifice, and that the resilience of Air Vanuatu today owes a great deal to his steadiness, his deep institutional knowledge, and his unwavering belief in the airline's importance to the people of Vanuatu. \r\n\r\n\"On behalf of the Board, the management and staff of Air Vanuatu, and the people of Vanuatu, we extend our sincere thanks to Joseph Laloyer,\" said Chairman of the Board, Captain Robin Deamer. \"His dedication to this airline over so many years — and his willingness to serve again and again when he was needed most - reflects a rare and genuine commitment. We wish him every happiness and success in the future, and he will always be regarded as part of the Air Vanuatu family\"\r\n\r\nThe Board is delighted to welcome Mr Philippe Busson as the airline's new Chief Executive Officer. Mr Busson brings 28 years of aviation leadership experience, having held senior roles across aircraft and engine manufacturers, maintenance, repair and overhaul (MRO) organisations, lessors and airlines. His expertise lies in global strategy and operations management.\r\n\r\nHe most recently served as Chief Strategy \u0026 Operating Officer for two New Caledonia-based airlines. Between these roles, he spent more than five years as an aviation consultant at IDEAL Consulting, advising airlines across Asia and the South Pacific on start-up projects, fleet management and organisational optimisation.\r\n\r\nMr Busson also sits on the Executive Board of the Association of South Pacific Airlines, where he supports collaboration and synergy among carriers across the region. He holds a Master's in Engineering from INSA Lyon, completed in partnership with MIT, and is a family man with three children.\r\n\r\n\"We are very pleased to welcome Phil to Air Vanuatu at this important moment in the airline's recovery,\" said Chairman Captain Robin Deamer. \"His depth of regional and international aviation experience, his strategic and operational expertise, and his strong ties to the South Pacific make him exceptionally well suited to lead Air Vanuatu into its next chapter. The Board looks forward to working closely with him as we continue to rebuild a safe, reliable and sustainable national carrier that serves the people of Vanuatu and connects our islands to the world.\"\r\n\r\nMr Busson's appointment follows a recruitment process conducted by the Board in line with its governance obligations. He is expected to arrive in Port Vila and take up the role on 01 August 2026, and will work closely with the Board, the management team and staff to deliver on the airline's strategic priorities of safety, reliability and financial sustainability.","title":"Air Vanuatu Appoints Philippe Busson as Chief Executive Officer","slug":"air-vanuatu-appoints-philippe-busson-as-chief-executive-officer","date":"2026-06-19T08:57:00.000Z","company":{"image_url":"/uploads/companies/1517/air_vanuatu","name":"Air Vanuatu","id":1517},"formatted_date":"19JUN2026","thumb_url":"/uploads/press_release_images/525aa2b09c6da3f5393b3ecd6596a843.jpg"},{"id":57429,"article":"The German airline Condor is expanding its Executive Management Board: Effective August 1, 2026, the Condor Supervisory Board has appointed Dr. Pierre Dominique Prümm as Chief Commercial Officer (CCO). In his new role, Prümm will be responsible for Network \u0026 Partnerships, Revenue Management, Cargo, Sales and E-Commerce. At the same time, Dag Jessel has been appointed Chief Financial Officer (CFO), effective July 6, 2026, succeeding Björn Walther. By expanding its Executive Management Board, Condor is strengthening the company’s commercial and financial leadership and creating the foundation for sustainable long-term growth.\r\n\r\n“As Condor continues to evolve into a network airline through the expansion of its city network, the requirements for commercial management, coordination and strategic development are increasing significantly. For this reason, we decided to create the new position of Chief Commercial Officer. During the largest growth phase in Condor’s history, we are deliberately investing where additional management and decision-making capabilities can make a direct contribution to the success of our transformation,” said Peter Gerber, CEO of Condor.\r\n\r\n“In addition to welcoming our new CCO, we are also pleased to welcome our new Chief Financial Officer,” Gerber continued. “With Dr. Pierre Dominique Prümm and Dag Jessel, two highly experienced executives will join Condor’s Executive Management Board. Both bring extensive leadership experience and a deep understanding of the challenges associated with transformation and growth. They will provide important momentum for our continued development. We would also like to sincerely thank our departing colleague Björn Walther for his outstanding commitment and exceptional dedication as CFO. Björn has played a key role in strengthening Condor financially and paving the way for the company’s independence. We wish him all the very best for his personal and professional future.”\r\n\r\nBjörn Walther has served as Chief Financial Officer (CFO) of Condor since June 2022 and has made a significant contribution to the company’s financial stabilization and successful development during this time. As announced earlier this spring, Walther is leaving the company at his own request.\r\n\r\nDr. Pierre Dominique Prümm brings more than two decades of leadership experience in the aviation industry. Most recently, he served as Executive Board Member for Aviation and Infrastructure at Fraport, where he was responsible for the operational and strategic core business of Frankfurt Airport. Throughout his career, he has held various leadership positions focusing on strategy, business development, growth, customer orientation and infrastructure projects.\r\n\r\n“The transformation into a network airline opens up numerous new opportunities and economic prospects for Condor. I am therefore very much looking forward to contributing to Condor’s strategic development and helping shape the airline’s commercial future in this new role,” said Dr. Pierre Dominique Prümm.\r\n\r\nDag Jessel brings extensive international experience as a CFO and Managing Director. His career has taken him through a variety of industrial and service-sector companies as well as several international growth and transformation programs. He has maintained close ties to the aviation industry for many years: At Lufthansa, he held positions including Director Finance \u0026 HR North Asia and roles in Mergers \u0026 Acquisitions. Further positions within the industry included responsibilities in cost management, process optimization and engineering.\r\n\r\n“Over the past several years, Condor has established the strategic foundations necessary to continue its structural and economic development. Driving this progress forward is a responsibility I am very pleased to take on. In addition, aviation has accompanied me since the beginning of my professional career and remains a great passion of mine to this day,” said Dag Jessel.\r\n\r\nWith the appointments of Dr. Pierre Dominique Prümm and Dag Jessel, Condor’s Executive Management Board will consist of five members. Together with CEO Peter Gerber, Dag Jessel (CFO), Christian Schmitt (COO), Dr. Pierre Dominique Prümm (CCO) and Heiko Holm (CTO) will drive the company’s strategic development and guide the airline through its next phase of growth.","title":"Condor Supervisory Board Appoints New CCO and CFO","slug":"condor-supervisory-board-appoints-new-cco-and-cfo","date":"2026-06-18T18:38:00.000Z","company":{"image_url":"/uploads/companies/1072/condor_airlines.png","name":"Condor Airlines","id":1072},"formatted_date":"18JUN2026","thumb_url":"/uploads/press_release_images/89aec42af67ace2d519f7f0b75fa28a3.png"},{"id":57428,"article":"Aeolus Engine Services (IRL) is pleased to announce that it has successfully obtained a court ruling in its case against Express Air Cargo, Tunisia (AKA Express Airline), concerning the repossession of two CFM56-3 engines previously placed on lease with the airline. The ruling confirms Aeolus Engine Services’ right to recover possession of the engines and represents an important step in protecting the company’s contractual rights, asset ownership interests, and long-term portfolio value.\r\n\r\nCommenting on the ruling, Fergal Whelan-Porter, Chief Executive Officer of Aeolus Engine Services, said: “This decision is an important confirmation of our contractual position and our commitment to disciplined asset management. Aeolus has always sought to work constructively with its customers and partners, but we will take the necessary steps to protect our assets, our stakeholders, and the integrity of our lease portfolio where required.” Aeolus Engine Services will continue to work with its legal, technical, and operational partners to complete the repossession process in accordance with the applicable court order and relevant legal procedures.","title":"Aeolus Engine Services obtains court ruling in its case against Express Air Cargo","slug":"aeolus-engine-services-obtains-court-ruling-in-its-case-against-express-air-cargo","date":"2026-06-18T12:52:00.000Z","company":{"image_url":"/uploads/companies/4739/aeolus_engine_services","name":"Aeolus Engine Services","id":4739},"formatted_date":"18JUN2026","thumb_url":null},{"id":57427,"article":"Qatar Airways Strengthens Leadership for Next Phase of Growth\r\n\r\nGroup restores network to 85% of pre-crisis levels and creates two new executive roles, a Chief Operating Officer and a Chief Customer Officer\r\n\r\nDOHA, Qatar – Qatar Airways Group has restored its network to 85 percent of pre-crisis levels and created two new executive roles to sharpen its operations and deepen its focus on customers.\r\n\r\nThe milestone was reached with the launch of the airline's summer 2026 schedule this week, which sees more than 140 daily departures from Doha to over 160 destinations worldwide. It delivers a target the Group set itself earlier this year, at the height of the regional disruption that grounded much of its network, to rebuild to 85 percent by mid-June.\r\n\r\nThe two new appointments support three priorities that will shape the Group's next phase of growth. The focus is on delivering a world-class passenger experience at every touchpoint, expanding the passenger and cargo network with a modern fleet and the next generation of Qsuite, and investing in its people, in their development, succession, and the skills the years ahead will demand.\r\n\r\nBoth roles report directly to Group Chief Executive Officer, Hamad Al-Khater.\r\n\r\nThe Chief Operating Officer will bring the Group's operational functions under a single leader, with focus on accountability, performance and the highest standards of safety. The role is taken up by Abdulla Ali, a Qatari national, promoted from his current position as Senior Vice President of Ground Services. Mr Ali brings extensive experience across airline, airport and network operations, with a proven record of delivery and of leading high-performing teams.\r\n\r\nThe Chief Customer Officer brings the brand and customer touchpoints under one coordinated focus, ensuring consistency, excellence and warmth throughout the customer journey. The role is taken up by Calum Laming, a dual Irish and British national, who most recently served as Chief Customer Officer at British Airways from 2022 until earlier this year, and has held senior customer-focused positions at major international airlines including Etihad Airways and Air New Zealand.\r\n\r\nHamad Al-Khater, Group Chief Executive Officer, said: \"These appointments are about what comes next. With Abdulla and Calum joining our leadership team, we will move faster, sharpen our focus on excellence, and put the customer at the heart of every decision we make. They are also about our people, expanding our ability to develop talent and support the growth of our incredible teams.”\r\n\r\nMr Ali and Mr Laming take up their new roles on 1 November 2026.","title":"Qatar Airways Strengthens Leadership for Next Phase of Growth","slug":"qatar-airways-strengthens-leadership-for-next-phase-of-growth","date":"2026-06-18T10:26:00.000Z","company":{"image_url":"/uploads/companies/437/qatar_airways","name":"Qatar Airways","id":437},"formatted_date":"18JUN2026","thumb_url":"/uploads/press_release_images/7afe3f6b5e9dc3655db21e5bb91ce69f.jpg"},{"id":57426,"article":"Reinforcing Hong Kong’s status as the world’s leading air cargo hub\r\n\r\nFollowing Cathay Cargo’s recent announcement of a firm order for two additional Airbus A350F freighters last month, the Cathay Group is further reinforcing its freighter fleet with the announcement today that Air Hong Kong has signed a lease agreement for an Airbus A330P2F converted freighter. These aircraft will provide additional cargo capacity for customers and further reinforce Hong Kong’s status as the world’s busiest air cargo hub.\r\n\r\nThis latest A330 freighter will be used by Air Hong Kong primarily to operate freighter services to the Chinese Mainland and other regional destinations for Cathay Cargo. Air Hong Kong is the first all-cargo freighter airline based in Hong Kong and a part of the Cathay Group.\r\n\r\nCathay Director Cargo Dominic Perret said: “The Cathay Group is strengthening our freighter fleet to support Cathay Cargo’s capacity growth plans, strengthen our network, and reinforce Hong Kong’s status as the world’s leading air cargo hub. The additional capacity offered by Air Hong Kong’s latest A330 freighter will complement Cathay Cargo’s future A350F freighters, providing us with greater agility to build our regional cargo network and making more options available for our freight forwarder partners.”\r\n\r\nAir Hong Kong Chief Operating Officer Agatha Lee said: “We look forward to welcoming this newest addition to our fleet, which will enable Air Hong Kong to leverage the opportunities presented by the Three-Runway System at Hong Kong International Airport to expand our presence in the region. This marks an exciting chapter for Air Hong Kong as we expand our business to support the ongoing development of the Hong Kong international aviation hub.”\r\n\r\nThe A330 freighter will join Air Hong Kong's fleet in the fourth quarter of 2026 under a long-term lease agreement with Air Transport Services Group, Inc. (ATSG) for an aircraft owned by its leasing subsidiary, Cargo Aircraft Management (CAM), a global leader in aviation leasing. Air Hong Kong currently operates an all-A330 freighter fleet of 14 aircraft providing express cargo services for DHL Express.\r\n\r\nCathay Cargo operates its own fleet of 20 Boeing 747 freighters, in addition to utilising belly capacity on the Cathay Group’s passenger network serving more than 100 destinations worldwide.\r\n\r\nThe Cathay Group has committed well over HK$100 billion in investments into its fleet, cabin and lounge products, and digital innovation. This includes orders for more than 100 state-of-the-art narrowbody, regional widebody, long-haul widebody and large freighter aircraft as part of its all-encompassing fleet renewal and expansion plan.","title":"Cathay Cargo adds an Airbus A330 freighter from Air Hong Kong to support further growth","slug":"cathay-cargo-adds-an-airbus-a330-freighter-from-air-hong-kong-to-support-further-growth","date":"2026-06-18T10:25:00.000Z","company":{"image_url":"/uploads/companies/111/cathay_pacific_airways","name":"Cathay Pacific Airways","id":111},"formatted_date":"18JUN2026","thumb_url":"/uploads/press_release_images/2cbb409eb2585725c0bce8629f67de50.jpeg"},{"id":57425,"article":"Setna iO has completed the purchase of one (1) A319-100 airframe, previously operated by easyJet, as part of its ongoing effort to further expand its teardown pipeline. The aircraft is one of three ex-easyJet A319-100 airframes acquired in the transaction.\r\n\r\nThe aircraft will be disassem­bled at ecube in St. Athan, Wales. Components will be routed through SETNA’s repair network, including Setnix, SETNA Parts Lab, Landing Gear Technolo­gies (LGT), and Zulu Global, for piece-part repair and recertification.\r\n\r\n“This A319 airframe acquisition is an exciting addition to our portfolio,” said Vinnie Beltrano, Partner \u0026 Chief Operating Officer. ​“The high-demand parts will help generate valuable feedstock of metal, which underpins our long-term piece-part repairs and sales strategy. SETNA is uniquely positioned to repair a large portion of these components via our in-house MRO network, while leveraging our global sales team at Setna iO to deliver parts to airlines, lessors, and MROs on time. This vertical integration strength­ens our control over the supply chain, shortens turnaround times, improves material availabil­ity, and allows us to price as competitively as possible.”\r\n\r\nFor additional information, please reach out to Setna iO Sales at sales@​setnaio.​com.","title":"Setna iO Has Completed Purchase of One (1) A319-100 Airframe","slug":"setna-io-has-completed-purchase-of-one-1-a319-100-airframe","date":"2026-06-18T08:58:00.000Z","company":{"image_url":"/uploads/companies/5019/setna.png","name":"Setna","id":5019},"formatted_date":"18JUN2026","thumb_url":"/uploads/press_release_images/41f2b27b74db2294b7cc2cd3450c6bf5.avif"},{"id":57424,"article":"Air France-KLM announces that it has signed a new multi-purpose credit facility for €1 billion with a syndicate of 12 international banks\r\n\r\nAir France-KLM has signed a new multi-purpose credit facility for an amount of €1 billion with a syndicate of 12 international banks. The facility, which can be drawn and redeemed at the issuer’s full discretion, has an initial maturity in June 2028 and includes a one-year extension option at the lenders’ discretion, potentially extending the maturity to June 2029.\r\n\r\nThe purpose of the facility is to refinance existing financial instruments including instruments associated with the group’s M\u0026A activity (subject to applicable closing conditions), which may arise from the second half of 2026.\r\n\r\nThis transaction further strengthens Air France-KLM’s financial flexibility and complements the Group’s existing liquidity resources and diversified funding structure.\r\n\r\nThe Group will pursue its financing strategy through bond issuances to meet its annual debt and hybrid redemptions, aiming to redeem hybrid instruments and simplify its balance sheet. By combining this facility with bond issues, the Group can diversify its sources of funding, whilst optimizing the timing and pricing of different financings based on most favorable market windows.\r\n\r\nThe facility benefits from attractive conditions reflecting the confidence of the Group’s banking partners in Air France-KLM’s current credit profile and financial trajectory. This new credit facility will not impact the Group’s Gross Debt and Net Debt / Current EBITDA ratio, which stood at 1.5x at the end of March, in line with the Group’s ambition of maintaining a leverage between 1.5x to 2.0x.\r\n\r\nNatixis and Société Générale acted as Global Coordinators, with Natixis also serving as Documentation Agent. ABN AMRO Bank N.V, Banco Santander S.A, BNP Paribas, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, HSBC Continental Europe, Industrial and Commercial Bank of China Europe S.A Paris Branch, ING Bank N.V, La Banque Postale, Natixis and Société Générale acted as MLA and Bookrunners for the facility.","title":"Air France-KLM announces that it has signed a new multi-purpose credit facility for €1 billion with a syndicate of 12 international banks","slug":"air-france-klm-announces-that-it-has-signed-a-new-multi-purpose-credit-facility-for-1-billion-with-a-syndicate-of-12-international-banks","date":"2026-06-17T18:45:00.000Z","company":{"image_url":"/uploads/companies/795/air_france_klm.png","name":"Air France KLM","id":795},"formatted_date":"17JUN2026","thumb_url":null},{"id":57423,"article":"K2 Aviation announces the closing of its next purchase from Dubai Aerospace Enterprise Ltd (“DAE”) of one Boeing 737-800 on lease to SunExpress in Turkey.      \r\n \r\nMichael Howard, CFO of K2 Aviation commented:  \"Closing another transaction alongside our trusted partners at DAE is a milestone that reflects both our execution capability and the deepening of our relationship. We're pleased to welcome SunExpress as a new customer and to establish Turkey as our newest operating jurisdiction.  I'd also like to acknowledge our legal counsel and advisors, who were instrumental in bringing this closing across the finish line.\"","title":"K2 Aviation closes a Boeing 737-800 with DAE and is proud to welcome a new airline customer: SunExpress","slug":"k2-aviation-closes-a-boeing-737-800-with-dae-and-is-proud-to-welcome-a-new-airline-customer-sunexpress","date":"2026-06-17T18:25:00.000Z","company":{"image_url":"/uploads/companies/1650/k2_aviation.png","name":"K2 Aviation","id":1650},"formatted_date":"17JUN2026","thumb_url":null},{"id":57422,"article":"Summary\r\n- With more than 25 years at Alaska across finance, strategy, commercial and labor relations, Tackett brings deep operating knowledge and financial discipline to an expanded leadership role across the company’s operations and brands\r\n- The promotion strengthens Alaska’s leadership team as the airline advances its Alaska Accelerate plan and grows as a global carrier\r\n\r\nAlaska Airlines today announced the election of Shane Tackett to President and Chief Financial Officer of Alaska Airlines, expanding his leadership role as the company continues to execute its long-term strategy for profitable growth and deliver on the combined airline’s vision of connecting guests to the world through a remarkable travel experience rooted in safety, care and performance.\r\n\r\nIn this role, Tackett will continue leading the organization’s finance, fleet management, investor relations, supply chain, internal audit and information technology functions, while also adding the commercial organization, led by Chief Commercial Officer Andrew Harrison, to his portfolio of responsibilities.\r\n\r\nHis promotion builds on a career spanning more than 25 years at Alaska, where he has held leadership roles across financial planning, labor relations, revenue management, e-commerce and strategy, and reflects CEO Ben Minicucci’s continued efforts to lead and develop a world-class management team highly capable of building on the success of Alaska Air Group, while deftly managing historic headwinds for our industry.\r\n\r\n\"Shane’s promotion to president of Alaska Airlines marks an important step as we continue investing in leadership capacity to execute our global ambitions and integrate Hawaiian Airlines. I’m proud of the leadership team we’ve built, and I’m energized by the work ahead.\r\n\r\nShane’s deep history with our company, industry expertise and financial leadership have helped Alaska navigate complexity, invest for growth and stay focused on long-term value creation. Bringing commercial and finance leadership together under Shane will strengthen alignment and accelerate our priorities as we continue advancing our strategy and creating long-term value for our stakeholders.”\r\n\r\nBen Minicucci\r\nCEO and President of Alaska Air Group\r\nCEO of Alaska Airlines\r\n\r\nSince becoming Chief Financial Officer in 2020, Tackett has helped guide Alaska through a period of significant change for the industry while strengthening the company’s balance sheet and helping shape major strategic decisions, including the acquisition and integration of Hawaiian Airlines. He also has been a key leader behind Alaska Accelerate, the company’s plan to drive value across cycles and position Alaska for sustained earnings growth.\r\n\r\n\"I started at Alaska more than 25 years ago, and over that time we’ve built a stronger, more resilient airline with a clear strategy for the future. As President and Chief Financial Officer, I’m excited to help lead even more of this organization as we continue executing Alaska Accelerate, growing our global relevance and delivering for our guests, employees and owners.”\r\n\r\nShane Tackett\r\nIncoming President and Chief Financial Officer\r\nAlaska Airlines\r\n\r\nTackett’s new role is effective June 29, 2026. He will report to Minicucci and continue to serve on the company’s Executive Committee. Shane’s election to President of Alaska Airlines follows the leadership announcements made last September of Diana Birkett Rakow as CEO of Hawaiian Airlines, Andy Schneider as CEO and President of Horizon Air and Jason Berry as Chief Operating Officer. Other recent announcements include the promotion of Kyle Levine to EVP, Corporate \u0026 Public Affairs, Chief Legal Officer and Corporate Secretary as well as the appointment of Lindsay-Rae McIntrye as Chief People Officer.","title":"Alaska Airlines promotes CFO Shane Tackett to President","slug":"alaska-airlines-promotes-cfo-shane-tackett-to-president","date":"2026-06-17T13:43:00.000Z","company":{"image_url":"/uploads/companies/473/alaska_airlines","name":"Alaska Airlines","id":473},"formatted_date":"17JUN2026","thumb_url":"/uploads/press_release_images/0b1d4c9d12a5615c84648e20dc7f7ddb.webp"},{"id":57421,"article":"Qantas will launch its world-first non-stop services between Sydney and London from October 2027, the first time the Kangaroo Route has ever been flown without stops from Australia's east coast.\r\n\r\nToday’s announcement comes as the national carrier unveiled its first Airbus A350-1000ULR in Qantas livery at Airbus’ manufacturing facility in Toulouse, the result of years of development to conquer the final frontier of long-haul aviation as part of Project Sunrise.\r\n\r\nQantas has been flying between Sydney and London since 1947, when the original Kangaroo Route took four days with seven stops in Darwin, Singapore, Calcutta, Karachi, Cairo, Castel Benito and Rome, on its way to the UK.\r\n\r\nThe new non-stop flights will cut up to four hours off the travel time compared to current one-stop services. These historic ultra long-haul services will operate alongside Qantas’ existing Perth-London and Sydney-Singapore-London services. The first Project Sunrise Sydney to London services will go on sale in February 2027.\r\n\r\nThe A350-1000ULR has been specifically manufactured by Airbus for Project Sunrise, fitted with an additional 20,000-litre fuel tank that enables the aircraft to fly more than 16,000 kilometres, for up to 22 hours non-stop. Qantas will take delivery of 12 aircraft in total, each configured with 238 seats across four cabins.\r\n\r\nA second aircraft is moving through its eight-week testing and certification program, having taken flight for the first time earlier this month.\r\n\r\nQantas Group CEO Vanessa Hudson said confirmation of the launch route marks a new dawn of travel for customers around the world.\r\n\r\n“Qantas was built on the belief that Australia's distance from the rest of the world should never stand in the way. The pioneering spirit of generations of our people has forged that path ever since, and today is the most significant step in that mission in our 105-year history.\r\n\r\n“Since we first flew the Kangaroo Route in 1947, where we stopped seven times on the way to London, every generation of aircraft has taken a stop out of the journey. Today, we're taking out the last one.\r\n\r\n“We made a commitment in 2017 that Qantas would conquer the final frontier of long-haul aviation and connect Australia's east coast directly to London, something that has never before been possible. From October 2027, that promise becomes reality.”\r\n\r\nAustralian Minister for Trade and Tourism Senator Don Farrell said:\r\n\r\n“Every year millions of people travel between Australia and the United Kingdom to visit family, for holidays or for business, and from 2027 the journey will become more comfortable, quicker and easier.\r\n\r\n“This is a significant milestone for aviation and tourism in both Australia and the UK and a demonstration of the strong friendship between our two nations.\r\n\r\n“Australia is a world class tourism destination and the new direct route launched by Qantas will help bring more people to our shores to experience the best we have to offer.”\r\n\r\nUK Tourism Minister Stephanie Peacock said:\r\n\r\n“This is a historic moment, not just for British aviation and tourism, but for the millions of passengers who will experience flying from Sydney to London non-stop for the first time.\r\n\r\n“Qantas' decision to make London the first destination for Project Sunrise is a powerful vote of confidence in the UK as a hub for global tourism, and a reflection of the deep ties between our two countries.\r\n\r\n“Today marks a new phase of this role, opening up new opportunities for businesses, tourism, and the people who make both possible across Australia and the UK.”\r\n\r\nNew research[1] shows that Australians' appetite for non-stop, ultra long-haul flying has continued to grow, with intent to book rising from 58 to 70 per cent since February this year. Among premium travellers, that figure reaches 80 per cent, up 12 percentage points over the same period.\r\n\r\nSince 2018, more than 1.7 million passengers have flown on Qantas' non-stop long-haul services from Perth to London, Rome and Paris, and its Melbourne to Dallas and Auckland to New York services, with these routes recording the highest customer satisfaction scores on the airline’s international network. Daily non-stop services between Sydney and London from late 2027 will significantly expand travel options for customers across Australia travelling to the UK and Europe.\r\n\r\nMs Hudson said the Project Sunrise experience represents a fundamentally different approach to long-haul travel.\r\n\r\n“Eliminating the stopover saves customers up to four hours of travel time. This aircraft has been designed from the ground up for ultra long-haul travel, with a cabin built around science and combatting jetlag, with an onboard experience purpose-built for the length of the journey.”\r\n\r\nIn preparation for the aircraft’s arrival next year, Qantas pilots have commenced training on Australia’s first A350 simulator in Sydney and with British Airways in the UK. Over the coming months, some of its pilots will also fly with Cathay Pacific in Hong Kong.\r\n\r\nQantas’ current A330 pilots are making up the initial intake of Project Sunrise pilots, with 40 already in the process of training for the A350 alongside their existing A330 flying.\r\n\r\nIn total, more than 360 Qantas pilots and 1,200 cabin crew will be trained to operate Qantas’ fleet of Project Sunrise aircraft by the time the 12th A350ULR arrives.\r\n\r\nOn the ground, Qantas engineers have also started classroom training in Sydney and cabin crew will do the same shortly.\r\n\r\nProject Sunrise will eventually connect Australia’s east coast with other international destinations, with Sydney-New York confirmed as the next service to follow Sydney-London. Launch timing for these services will be announced next year.","title":"Australia To The World, Non-Stop: Qantas To Launch History-Making Flights To London","slug":"australia-to-the-world-non-stop-qantas-to-launch-history-making-flights-to-london","date":"2026-06-17T12:20:00.000Z","company":{"image_url":"/uploads/companies/470/qantas","name":"Qantas","id":470},"formatted_date":"17JUN2026","thumb_url":"/uploads/press_release_images/2e49c01bc3ed7d48df1c27f01dbeaec7.jpg"},{"id":57420,"article":"New commitment expands long-standing strategic partnership and builds on the success of two prior aircraft leasing portfolios\r\n\r\nNEW YORK \u0026 SEATTLE--KKR, a leading global investment firm, and Altavair, a leader in commercial aviation leasing and financing, today announced that KKR is making a $1.4 billion equity commitment to continue expanding its global portfolio of leased commercial aircraft in partnership with Altavair. The latest commitment builds on two prior aircraft leasing portfolios created in partnership with Altavair. The investment will primarily come from KKR’s Infrastructure and Asset-Based Finance strategies.\r\n\r\n“Nearly a decade of strategic partnership with Altavair has deepened our conviction in the attractiveness of aircraft leasing, which we believe is poised to grow even further as demand for air travel continues to rise and airlines seek more liquidity and fleet flexibility,” said Brandon Freiman, Partner and Head of North American Infrastructure at KKR.\r\n\r\nKKR-managed funds have committed more than $8 billion to aircraft leasing and lending transactions since KKR formed a strategic partnership with Altavair in 2018. Over that time, KKR and Altavair have acquired 188 commercial aircraft and engine assets through a variety of transactions, including lessor trades, airline-direct new and used sale leasebacks, passenger-to-freight conversions, and structured transactions, and in the process have leased aircraft and engines to 67 leading airline and cargo operators around the world.\r\n\r\n“We are pleased to deepen our long-standing relationship with Altavair and strengthen our commitment to the aviation sector through our Asset-Based Finance strategy,” said Daniel Pietrzak, Partner and Global Head of Private Credit at KKR. “The success of our strategic partnership is a testament to the power of combining our patient, long-term capital with Altavair’s deep industry expertise and differentiated sourcing capabilities.”\r\n\r\n“Our strategic partnership with KKR has grown stronger over the past eight years, and this latest commitment reflects the trust we have built together,” said Steve Rimmer, CEO of Altavair. “KKR’s expertise, and long-term capital have helped build Altavair into the platform it is today. As airlines face significant fleet funding needs in the coming years, this expanded commitment positions us to be an even stronger partner and supporter across the aviation ecosystem.”\r\n\r\nKKR has invested more than $12 billion of capital in the aviation sector since 2015. Investments include Altavair, AV AirFinance, Atlantic Aviation, KKR DVB Aviation Capital, K2 Aviation, and others.","title":"KKR Commits $1.4 Billion to Aircraft Leasing with Altavair","slug":"kkr-commits-1-4-billion-to-aircraft-leasing-with-altavair","date":"2026-06-17T11:21:00.000Z","company":{"image_url":"/uploads/companies/4424/altavair_airfinance","name":"Altavair AirFinance","id":4424},"formatted_date":"17JUN2026","thumb_url":"/uploads/press_release_images/604c1120ead8d597027fdfc732470cf3.png"},{"id":57419,"article":"(Hong Kong, 17 June 2026) - China Aircraft Leasing Group Holdings Limited (\"CALC\" or the \"Company\", together with its subsidiaries, the \"Group\"; SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce the successful completion of a three-year Unsecured PDP Syndicated Loan Facility totaling US$480 million. The facility attracted strong participation from 14 domestic and international banks and was two times oversubscribed, demonstrating financial institutions’ strong confidence in CALC’s solid operating performance, high-quality asset portfolio, and long-term growth prospects.\r\n \r\nThe facility is agented by China CITIC Bank International Limited, while China CITIC Bank International Limited, Shanghai Pudong Development Bank, Bank of China New York Branch, and OCBC Bank acted as Mandated Lead Arrangers and Bookrunners. The proceeds will be used to finance Pre-Delivery Payments (PDP) for aircraft acquisitions, providing strong funding support for the Group’s future fleet development plans.\r\n \r\nMr. Conrad Li, Executive Director, Chief Financial Officer and Chief Strategy Officer of CALC, said: “The strong market response to this syndicated facility reflects our banking partners’ recognition of CALC’s operating strength, asset quality, and long-term growth prospects. As an unsecured financing transaction, the facility further strengthens the Group’s financing profile and market standing, while demonstrating financial institutions’ confidence in our credit quality and business model. Looking ahead, we will continue to broaden and optimize our funding channels, leverage the strengths of our full value-chain aviation platform, and provide more flexible and efficient fleet solutions and asset management services to meet airlines’ growing demand for new aircraft and fleet management. We remain committed to creating sustainable long-term value for our shareholders and business partners.”","title":"CALC Successfully Completes US$480 Million Unsecured PDP Syndicated Loan Facility","slug":"calc-successfully-completes-us480-million-unsecured-pdp-syndicated-loan-facility","date":"2026-06-17T10:13:00.000Z","company":{"image_url":"/uploads/companies/1319/calc_china_aircraft_leasing_company","name":"CALC China Aircraft Leasing Company","id":1319},"formatted_date":"17JUN2026","thumb_url":"/uploads/press_release_images/b3a0983be764a0428d82828691c41eed.png"},{"id":57418,"article":"The Netherlands, June 17, 2026: APOC Aviation is proactively growing its internal management capabilities in line with the Company’s growth plan as business volume ramps up.\r\n\r\n“The organisation has been through a fast-paced change programme over the past ten months,” states Gavin Simmonds, CEO. “APOC is committed to investing in its staff, infrastructure and development as much as it is committed to investing in assets and inventory. The new senior management team will be taking APOC forward at great pace, I’m extremely proud that APOC’s underlying ethos of promoting and growing its people from within has manifested itself in the new leadership team appointments.”\r\n\r\nWith immediate effect, the following senior management changes come into force.\r\n\r\nNew C-Suite: Gavin Simmonds continues in his role as Chief Executive Officer (CEO), providing strategic leadership and vision for the Group.\r\n\r\nRobert Van Oeveren is promoted to the position of Financial Director (FD), joining the leadership team to ensure that APOC’s infrastructure, systems and resources are ready ahead of the planned growth. He will take ownership of APOC's financing strategy, ensuring it keeps pace with the growing scale and complexity of the portfolio. As an integral part of the senior management team, Van Oeveren will help further shape the short- and long-term strategic direction of APOC.\r\n\r\nCraig Skilton assumes the position of Chief Commercial Officer (CCO), stepping up from his previous role as VP Components. With full accountability for the organisation's commercial profit centres, Skilton will oversee both the business development function and the group's marketing activities, while working with the leadership team in setting the short and longer term strategic direction for all commercial operations at APOC.\r\n\r\nKarolis Jurkevičius joins the senior management team as SVP Landing Gear \u0026 Major Assets, becoming APOC’s primary controller of large asset transactions, sourcing, negotiating and justifying business cases. Building on his career within APOC, Jurkevičius moves to a role of greater strategic value using his experience to influence and identify market opportunities for the senior management team. He will continue to head up the ever-expanding APOC Landing Gear division and regional office in Vilnius, Lithuania.\r\n\r\nFurther Senior Management Appointments:\r\n\r\nAlongside the leadership changes, APOC is pleased to announce the appointment of Paul Shanley, marking a significant milestone for the company with the establishment of its first presence in Dublin, Ireland.\r\n\r\nBased in Dublin, Shanley brings extensive senior-level experience from within the aircraft and engine leasing, teardown and sales sector, having operated across a range of funds and Private Equity-backed environments. His primary focus at APOC will be the efficient deployment of capital in relation to new asset acquisition and the optimisation of the Company's corporate structure.\r\n\r\nShanley's appointment represents a strategic expansion for APOC, reinforcing its commitment to growth and its increasing footprint across key aviation finance markets. Shanley will work closely with Van Oeveren, providing support across the financial remit of the business.\r\n\r\nTim Zurawski steps into an expanded remit as VP Strategy, Data \u0026 Technology, taking ownership of the Company’s IT infrastructure, data capabilities, and digital transformation agenda. He will lead the build-out of robust IT systems and software, drive the expanded utilisation of predictive tools including AI, and work closely with the business intelligence team to further optimise existing datasets, as well as the creation of new datasets to unlock even sharper business insights.\r\n\r\nIan Foster, VP MRO \u0026 Technical, will take a more active role in managing warehouse, logistics, MRO, quality and technical departments. Working closely with the senior management team, Foster’s primary objective will be to sustain rigorous protocols and nurture APOC’s reputation for uncompromising quality and accuracy.\r\n\r\n“The changes outlined represent the largest step forwards in APOC’s recent history. They empower and enable a greater amount of authority and accountability for the considered direction and running of the business. This transition will enable us to develop, deploy, and secure strategic opportunities ensuring we continue to surpass the competition and grow the Company. We can only succeed with every member of the team sharing and contributing towards the journey” adds Simmonds.","title":"APOC invests to grow with new leadership team","slug":"apoc-invests-to-grow-with-new-leadership-team","date":"2026-06-17T09:36:00.000Z","company":{"image_url":"/uploads/companies/4311/apoc_aviation","name":"APOC Aviation","id":4311},"formatted_date":"17JUN2026","thumb_url":"/uploads/press_release_images/0cddb383637664c06c77856fec984b34.png"},{"id":57417,"article":"Supported by largest ever State incentive package for any startup, JetZero will create 14,500 jobs over the next decade\r\n\r\nJetZero's Z4 will be up to 50% more fuel efficient, and offer an elevated passenger experience\r\n\r\nDigital design tools from Siemens and Deloitte to build a smart factory that can easily adapt as the company grows\r\n\r\nGREENSBORO, N.C., June 15, 2026 -- JetZero today broke ground on its first manufacturing and final assembly campus, an 8 million square foot factory on more than 600 acres in Greensboro, North Carolina. The project, supported by the largest ever State-level incentive package for any startup of any industry, will be home to production of JetZero's next-generation aircraft and will create 14,500 jobs over the next 10 years.\r\n\r\nJetZero will make the Z4 in Greensboro. Designed for the unserved commercial middle market, with 250 passenger capacity on a range of up to 5,000 nautical miles, the Z4 will be up to 50 percent more fuel efficient with an elevated passenger experience and will readily fit into today's airport infrastructure.\r\n\r\n\"Today, a great new chapter in North Carolina's storied history of flight is taking off,\" said Governor Josh Stein. \"JetZero's decision to build here is a vote of confidence in North Carolina's workforce, our universities and community colleges, and our long aerospace tradition. These 14,500 jobs and $4.7 billion in investment will transform the triad region for generations. North Carolina is not only First in Flight, we are the future of flight, too.\"\r\n\r\n\"It should come as no surprise that JetZero is breaking ground here in North Carolina – the first in flight state,\" said Tom O'Leary, CEO and co-founder of JetZero. \"North Carolina has a vision for its future as a global aerospace hub, and JetZero shares that vision. We believe the time has come for an all-wing airplane, to support the industry's need for more efficient airplanes that also deliver an incredible experience. We intend to reshape aviation, from right here in North Carolina.\"\r\n\r\nJetZero is also designing military variants of the Z4, including an aerial refueler and transport aircraft. As a refueler, the all-wing design allows for twice the range or twice the payload to support U.S. air power.\r\n\r\nWith America's 250th birthday just three weeks away, the timing of today's groundbreaking carries special meaning. As the nation celebrates a quarter millennium of innovation and independence, JetZero's commitment to reinventing how aircraft are designed and built stands as a testament to that same pioneering spirit, carrying American aviation boldly into the next century.\r\n\r\nJetZero's Greensboro plant will be designed using advanced digital and AI native platforms developed in collaboration with Siemens and Deloitte. These platforms and tools allow engineers to build a complete digital twin of the factory before any concrete is poured — testing how machines, people, and materials will move through the building, and making changes on a screen rather than on a job site. That flexibility is rare in aerospace manufacturing and will make the Greensboro facility the most efficient and adaptable plant of its kind anywhere in the world.\r\n\r\n\"Our partnership with JetZero demonstrates how cutting-edge industrial technology can help reindustrialize America,\" said Ann Fairchild, President and CEO, Siemens USA. \"Our digital twins help bring the next generation of manufacturing facilities to life faster and with greater confidence. We're proud to help JetZero build a world-class aerospace facility that will create thousands of jobs and strengthen North Carolina's position as the next great U.S. aerospace hub.\" \r\n\r\n\"By pairing advanced AI and digital tools with our deep operational and industry experience, we're helping JetZero set a new standard for manufacturing speed, quality, and scale,\" Kelly Herod, chief client officer, Deloitte. \"Our work with JetZero brings automation and AI together with data strategies informed by our experience at The Smart Factory by Deloitte @ Wichita—connecting design, the shop floor, and the workforce.\"\r\n\r\nConstruction in Greensboro begins immediately, with hiring expected to ramp in phases over the next decade as the facility comes online.","title":"JetZero Breaks Ground on First Aircraft Factory in Greensboro, North Carolina","slug":"jetzero-breaks-ground-on-first-aircraft-factory-in-greensboro-north-carolina","date":"2026-06-16T11:04:00.000Z","company":{"image_url":"/uploads/companies/5234/jetzero.png","name":"JetZero","id":5234},"formatted_date":"16JUN2026","thumb_url":"/uploads/press_release_images/69ad27e7666bf8005070a89f1f3384d0.jpg"},{"id":57416,"article":"The HAECO Group today agreed to form a joint venture with Sun Group, Toyota Tsusho and Japan Airlines to establish a new maintenance facility at Van Don International Airport in Vietnam. The US$360 million project forms part of HAECO’s long-term growth strategy in Asia and will expand local maintenance capacity in Vietnam by bringing international standards, proven systems and operational best practice to support domestic and global airline customers.\r\n \r\nSubject to government and regulatory approvals, the new maintenance facility will cover approximately 170,000 square metres and will be one of the largest hangars in Vietnam. It will be centred on a four-bay widebody hangar, with additional flexibility for narrowbody maintenance in the mid-bays. The facility is also planned with a multi-level administration and support building at the rear, together with annex buildings, engineering spare and material storerooms, a power station, canteen and training rooms, creating an integrated base maintenance hub designed for efficient operations and future expansion.\r\n  \r\nSustainability principles will be built into the facility design from the outset, reflecting HAECO’s focus on more efficient and responsible operations across its network. Planned features include smart building systems for power monitoring and control, LED lighting, electrification of ground equipment and wastewater management measures. The facility will also be established to meet the relevant regulatory approval requirements, including approval from the Civil Aviation Authority of Vietnam, subject to final certification arrangements. Operations at the new facility are targeted to commence in late 2028.\r\n \r\nThe project is expected to create over 1,000 high-skilled jobs and support the development of a sustainable local talent pipeline through structured training and capability building programmes. HAECO has already begun this process, with Vietnamese recruits hired and currently training at HAECO’s facilities in Xiamen in preparation for future roles at the new facility.\r\n \r\nAs the new initiative is developed, HAECO plans to incorporate advanced digital tools, technology enabled processes and AI-enabled applications into its operations, creating opportunities for local talent to build skills in modern aviation support and related technologies.\r\n  \r\nMr. Richard Sell, Chief Executive Officer of HAECO Group, said: “This joint venture marks an important milestone in HAECO’s growth strategy in Asia and for the development of aviation maintenance capability in Vietnam. HAECO is grateful for the strong support of the local government and authorities in Vietnam for enabling this investment, and for the partnership, trust and shared commitment of Sun Group, Toyota Tsusho and Japan Airlines. By combining HAECO’s global MRO expertise with the complementary strengths of our partners, we are creating a high-quality, independent maintenance facility that will support airline customers in Vietnam and internationally, while contributing to skills development, capability building and the long-term growth of the country’s aviation ecosystem.”\r\n  \r\nThe HAECO Group has launched an ambitious growth strategy for its Airframe Services division, underpinned by more than US$1 billion of investment over four years. This includes construction of a new, LEED-Platinum certified airframe facility in Xiamen, scheduled to open by the end of 2026, with plans for an additional widebody hangar already well advanced.\r\n \r\nWith the extension of its footprint to Vietnam’s Van Don International Airport, HAECO expects to operate 31 widebody hangar bays and 10 narrowbody hangar bays in total, delivering around 10 million base maintenance man-hours annually and creating a further 2,000 jobs in local communities, supported by training led at the company’s world-class training centres.","title":"HAECO to form joint venture with Sun Group, Toyota Tsusho and Japan Airlines for new aircraft maintenance facility at Van Don International Airport","slug":"haeco-to-form-joint-venture-with-sun-group-toyota-tsusho-and-japan-airlines-for-new-aircraft-maintenance-facility-at-van-don-international-airport","date":"2026-06-16T08:44:00.000Z","company":{"image_url":"/uploads/companies/1793/haeco","name":"HAECO","id":1793},"formatted_date":"16JUN2026","thumb_url":"/uploads/press_release_images/8a5b7a181940b10c42b8d0cf615fb1ea.jpg"},{"id":57415,"article":"Toulouse, France, 15 June 2026 – Airbus has inaugurated its second modernised A320 Family final assembly line (FAL) at the Jean-Luc Lagardère facility in Toulouse. The official opening ceremony was hosted by Guillaume Faury, Airbus CEO, Lars Wagner, CEO Commercial Aircraft at Airbus and was attended by French Transport Minister Philippe Tabarot, alongside Airbus executives and hundreds of employees.\r\n\r\n\"Bringing this new A320 Family production line to life right here in Toulouse is a proud moment for all of us and a great achievement by our Commercial Aircraft teams,\" said Airbus CEO Guillaume Faury. \"This facility provides the necessary flexibility and capacity to meet strong market demand, especially for the A321neo, and supports our production ramp-up trajectory towards 75 A320 Family aircraft a month. Operating in coordination with our assembly sites in Hamburg, Mobile and Tianjin, this advanced line is part of our commitment to deliver aircraft of the highest quality standards to our customers globally.\"\r\n\r\nTo support the A320 Family production ramp-up trajectory, and following the recent expansions in Mobile and Tianjin, the opening of this second Toulouse line marks the achievement of Airbus’ strategic plan to have ten final assembly lines covering the entire A320 Family and operational globally in 2026. This worldwide industrial network is split across four global sites, including four lines in Hamburg (Germany), two in Mobile (United States), two in Tianjin (China), and two in Toulouse (France).\r\n\r\nLocated alongside the initial line inaugurated in July 2023 within the former A380 Jean-Luc Lagardère building, this facility maximises the existing footprint while integrating digital controls, automated logistics, and robotics to optimise workflows and workstation ergonomics. \r\n\r\nWhile the first line already employs around 700 workers, this second line will progressively ramp up to full capacity, eventually bringing the total workforce across both final assembly lines at the Jean-Luc Lagardère site to nearly 1,500 people.","title":"Airbus inaugurates new A320 Family final assembly line in Toulouse","slug":"airbus-inaugurates-new-a320-family-final-assembly-line-in-toulouse","date":"2026-06-16T08:43:00.000Z","company":{"image_url":"/uploads/companies/484/airbus","name":"Airbus","id":484},"formatted_date":"16JUN2026","thumb_url":"/uploads/press_release_images/a7518878dd0d6e949cda25b71934323d.jpg"},{"id":57414,"article":"Norwegian has entered into an agreement to acquire Nordic Leisure Travel Group (NLTG), the leading hotel and leisure travel experiences company in the Nordics. The transaction brings together household names and award-winning brands such as Ving, Spies, Tjäreborg, Globetrotter, and Sunclass Airlines with Norwegian and Widerøe, creating a stronger and unique end-to-end Nordic travel player. The acquisition combines NLTG’s expertise in packaged travel and hotels with Norwegian and Widerøe’s existing network with 27 million passengers. Together, the combined company will create a leading Nordic provider of leisure and business travel. For travellers, this means a wider selection of destinations, simpler bookings, and seamless travel.\r\n\r\nThe agreement will unite Norwegian, Widerøe, and NLTG under a single ownership structure, creating a vertically integrated travel group in the leisure and business segments. The addition of a new hotel and leisure experience business with its own brands will enable Norwegian, Widerøe and NLTG to develop distinct value drivers, while benefiting from strong group coordination to unlock synergies, optimise performance and deliver enhanced customer value. The group will be able to offer everything from individual flights across Norwegian’s and Widerøe’s extensive route networks to complete holiday packages with Ving from Norway and Sweden, Spies from Denmark, Tjäreborg from Finland as well as Globetrotter. This leading, integrated Nordic travel group will encompass close to 160 aircraft, extensive tour and hotel operations, serving a total of approximately 30 million customers every year. Included in the acquisition are NLTG’s profitable own concept hotels in Spain, Greece, Cyprus, Thailand and Türkiye, which now will benefit from a steady stream of customers from an expanded group network. The transaction is expected to increase annual group operating revenue by close to 50 percent.\r\n\r\n\"This is a milestone in Nordic travel history. Norwegian and Widerøe will still be dedicated to offering competitive air travel for our customers. By adding NLTG’s leading position in leisure travel to the Norwegian Group’s comprehensive route network, we are building a better and more flexible customer offering. We see a significant opportunity to grow hotel and holiday sales across our existing customer base, turning every flight into a potential gateway to a full holiday experience and unlocking meaningful additional revenue per passenger. In addition, we create a stronger platform for growth across the Nordics, in particular in Sweden and Denmark and through multiple travel concepts we can drive load and booking visibility earlier in the booking windows. This transaction will secure Nordic ownership of NLTG and deliver a more comprehensive product for all current and new customers of Norwegian, Widerøe and NLTG,\" said Geir Karlsen, CEO of Norwegian.\r\n\r\nSunclass Airlines, NLTG’s subsidiary airline, operates a fleet of 12 medium- and long-haul Airbus aircraft. The Sunclass, Norwegian and Widerøe networks have limited overlap. Norwegian’s close to 390 routes are concentrated on scheduled traffic to key destinations in the Nordics, Europe and closely adjacent countries, while Sunclass operates to approximately 25 destinations focused on leisure charter, enabling improved utilisation and increased coverage when routes are coordinated within the combined group. NLTG also operates its own travel retail platform, Airshoppen, whose strategy for further growth and development will be strengthened in the enlarged group.\r\n\r\nJoint growth and synergies\r\n\r\nNorwegian sees a clear path to grow NLTG’s revenue and profitability over the coming years. NLTG plans to achieve this by optimising flight programs, potentially doubling the number of successful own concept hotels, improving volume at the existing hotel portfolio, recent and future deliveries of new and fuel-efficient Airbus A321neo and A330neo aircraft, and implementing a range of profit enhancing measures with effects already from 2027. Beyond this, Norwegian also expects to create significant value by leveraging its broader network to reach new leisure destinations, such as mainland Spain, and by connecting its flights with Widerøe’s to offer a seamless travel experience for holiday guests. Further value will be created by offering package holidays to Norwegian’s extensive customer base. The shared loyalty points, Spenn, already used by Norwegian and Strawberry, are planned to be extended to NLTG’s brands and concept hotels. The acquisition is expected to unlock substantial synergies and to be earnings accretive for Norwegian shareholders already in 2027, improving further from 2028. On top of continued growth and synergies, the profit enhancing initiatives are expected to increase the underlying operating margin by approximately 2 percent in 2027 relative to the last twelve months to March 2026, with further improvement from 2028 and beyond. \r\n\r\n\"We are confident that this transaction will create substantial, long-term value. The acquisition is a strategic step that prepares our business for the future. The transaction is backed by a unanimous board, reflecting our clear ambition to build the leading integrated travel group in the Nordics, being the best choice for both business and leisure travellers,\" said Dag Mejdell, Chair of the Board of Directors at Norwegian.\r\n\r\nA simpler and better customer offering\r\n\r\nThe new group brings together flight and holiday package offerings in one company. Travellers will benefit from a wider selection of destinations and hotels, and a more seamless travel experience from booking to arrival.\r\n\r\n“I have a great passion for hotels and hotel experiences, and our ambition at NLTG has always been to create unique hotel concepts tailored for Nordic guests. NLTG already has an ambitious pipeline of new concept hotels planned for the coming years, but through this partnership with Norwegian, we are unlocking a unique opportunity to further accelerate that growth by bringing our great concept hotels to many new destinations across Norwegian's extensive route network. The new Norwegian Group will become one of Strawberry's largest strategic investments, and we are committed to being a long-term owner and active partner in its continued development and growth,” said Petter A. Stordalen, founder and owner of Strawberry.\r\n\r\n“This is a fantastic milestone in our 70-year history, and the start of a new era for NLTG. With Norwegian as our owner, we gain access to one of Europe's most extensive flight networks. It gives us a completely new platform to broaden our customer offering and reach more customers, not least when it comes to a broader portfolio of hotels, tailored to the Nordic customer,” said Magnus Wikner, Chief Executive Officer of NLTG.\r\n\r\n\r\nTransaction details and process\r\n\r\nThe consideration for the acquisition is approximately SEK 7.94 billion, comprising a cash component of SEK 3.5 billion and 300 million consideration shares in Norwegian, based on latest 5-day average share price (VWAP) of NOK 14.95 and SEKNOK exchange rate of 1.01. In addition, up to 30 million additional shares payable to be determined during the fourth quarter of 2026. The cash component will be financed through a combination of cash, bond issue and other sources to be arranged prior to closing. Upon completion, the current owners of NLTG – Strawberry, Altor, and TDR – will become significant shareholders in the combined group. The substantial share component signals the selling shareholders' continued alignment with and confidence in the combined group. Strawberry and Altor will each own approximately 8.9 percent and TDR will own approximately 4.4 percent, assuming no additional consideration shares are issued. Strawberry and Altor will be proposed one representative each for representation in the Board of Directors. Strawberry, Altor and TDR have agreed to a customary 180-day lock-up period for their consideration shares after closing, subject to customary exemptions or waiver by the Board of Directors.\r\n\r\nThe cash component will be financed through a combination of cash from Norwegian’s balance sheet and new debt facilities to be arranged prior to closing. The current owners of NLTG have agreed to a 180-day lock-up period for their new shares. Norwegian will also consider a secondary listing in Stockholm following closing, to reflect the enlarged group’s broader Nordic shareholder base and customer footprint.\r\n\r\nCompletion of the transaction is subject to approval by Norwegian’s Extraordinary General Meeting, regulatory approvals, including EU competition clearance, and other customary closing conditions. The EGM is expected to take place on or about 8 July 2026 in order to approve an authorisation of the share issuance to the Board of Directors. Closing is targeted during the second half of 2026.","title":"Norwegian to acquire Nordic Leisure Travel Group","slug":"norwegian-to-acquire-nordic-leisure-travel-group","date":"2026-06-16T06:05:00.000Z","company":{"image_url":"/uploads/companies/815/norwegian_air_shuttle.png","name":"Norwegian Air Shuttle","id":815},"formatted_date":"16JUN2026","thumb_url":"/uploads/press_release_images/9e828a3ad76c476cab9c733ff01618ae.avif"},{"id":57413,"article":" Jazeera Airways, Kuwait's leading low-cost carrier, has announced the appointment of Andrew Littledale as Chief Financial Officer (CFO), effective 1 July 2026.\r\n\r\nWelcoming Andrew on board, Barathan Pasupathi, Chief Executive Officer of Jazeera Airways, said:\r\n\r\n\"We are excited to welcome Andrew Littledale to the leadership team at Jazeera Airways. His extensive aviation finance experience and proven track record in financial strategy, transformation and capital management will be invaluable as we continue to strengthen our business and pursue our growth ambitions. Andrew's expertise will help support our future expansion while ensuring we remain focused on delivering long-term value for our shareholders, customers and employees.\"\r\n\r\nA Fellow of the Chartered Institute of Management Accountants (FCMA), Littledale brings more than 25 years of international finance leadership experience, including senior executive roles within the aviation industry. He has extensive expertise in financial strategy, capital management, business transformation, investor relations, fleet financing, and corporate restructuring, having worked with leading airline groups including AirAsia, AirAsia X and Air Arabia across Asia, the Middle East and Europe.\r\n\r\nHis experience in supporting airline growth, enhancing financial performance, and navigating complex operating environments will further strengthen Jazeera Airways' leadership team as the airline continues to expand its network and operations.\r\n\r\nAs Jazeera Airways continues to strengthen its position as a leading carrier in the region, Littledale's appointment further enhances the airline's executive leadership team, supporting its ambitions for sustained growth, financial discipline, and future expansion.\r\n","title":"Jazeera Airways Appoints Andrew Littledale as New CFO to Drive Financial Strategy and Support Growth","slug":"jazeera-airways-appoints-andrew-littledale-as-new-cfo-to-drive-financial-strategy-and-support-growth","date":"2026-06-15T10:56:00.000Z","company":{"image_url":"/uploads/companies/924/jazeera_airways","name":"Jazeera Airways","id":924},"formatted_date":"15JUN2026","thumb_url":"/uploads/press_release_images/7c4ca1c486cf02035930803659a5a7c4.jpeg"},{"id":57412,"article":"K2 Aviation announces the closing of its purchase from Aircastle of two Boeing 737-800 Boeing Converted Freighters (BCF) on lease to ASL Airlines operating in Belgium and France.  \r\n \r\nKarl Ryan, Managing Partner of K2 Aviation commented:  \"We are pleased to purchase our first two aircraft from Aircastle and look forward to building a long-term partnership with their team. We welcome both ASL Airlines Belgium and ASL Airlines France as new customers, and with this acquisition we have successfully expanded our portfolio into the freighter aircraft segment. I also want to extend my sincere thanks to our legal partner and advisors for making this closing happen smoothly and efficiently.\"","title":"K2 Aviation closes two Boeing 737-800 BCF’s with Aircastle and is proud to welcome new airline customer: ASL Airlines ","slug":"k2-aviation-closes-two-boeing-737-800-bcfs-with-aircastle-and-is-proud-to-welcome-new-airline-customer-asl-airlines-","date":"2026-06-13T06:12:00.000Z","company":{"image_url":"/uploads/companies/1650/k2_aviation.png","name":"K2 Aviation","id":1650},"formatted_date":"13JUN2026","thumb_url":"/uploads/press_release_images/0d5f7cc09a7c8ac74a1445e373db32a3.jpg"},{"id":57411,"article":"“This is an important next step in our fleet renewal program as we continue building a younger, quieter and more fuel-efficient fleet.\"\r\n\r\nA Virgin Australia staff member in a red uniform smiles while assisting a guest in a purple blazer at a self-service check-in area, holding a mobile device. Behind them are airport kiosks and a screen displaying “Priority Bag drop.”\r\n\r\nSaturday, 13 June 2026: Virgin Australia has today confirmed it expects to take delivery of its first Boeing 737-10 in late 2027, marking the next phase of the airline’s fleet renewal program and the arrival of what will become the largest aircraft in its fleet.\r\n\r\nThe airline has 10 firm orders for the 737-10, with the first aircraft expected to arrive next year based on manufacturer Boeing’s positive progress with US regulatory approvals.\r\n\r\nThe larger 737-10 will provide additional capacity and flexibility across Virgin Australia’s domestic and short-haul international network, supporting the airline’s strategy to operate an efficient, streamlined fleet.\r\n\r\nThe announcement comes as Virgin Australia team members and their families gather on Saturday at the airline’s Brisbane maintenance hangar for an opportunity to step on board Lake Centenary, one of its newest Boeing 737-8s, and see the names of more than 8,000 team members printed on the overhead lockers.\r\n\r\nLake Centenary carries a special red livery and marks Virgin Australia’s 150th Boeing 737 delivery and the 100th 737 aircraft in its current fleet.\r\n\r\nVirgin Australia Chief Executive Officer, Dave Emerson said the expected arrival of the 737-10 was a significant next step for the airline.\r\n\r\n“The 737-10 will be the largest aircraft in Virgin Australia’s fleet and will give us more capacity and more flexibility across our network,” Mr Emerson said.\r\n\r\n“This is an important next step in our fleet renewal program as we continue building a younger, quieter and more fuel-efficient fleet.\r\n\r\n“Fleet renewal is the single biggest lever we have to reduce emissions in the near term, and the 737-10 will build on the benefits we are already seeing from the 737-8.”\r\n\r\nVirgin Australia celebrates three years of Boeing 737 MAX operations in June 2026, with 19 Boeing 737-8 aircraft now in the fleet.\r\n\r\nAcross that period, Virgin Australia’s 737 MAX operations are estimated to have saved approximately 30 million litres of fuel and cut more than 77,000 tonnes of CO2 emissions when compared to the previous generation 737-800.\r\n\r\nThe airline will take delivery of an additional seven 737-8s before the end of the calendar year, bringing its total 737-8 fleet to 26.\r\n\r\nMr Emerson said Lake Centenary was also a symbol of the role Virgin Australia’s people are playing in the airline’s future.\r\n\r\n“For many of our team members, today is the first chance to bring their families on board, see the aircraft up close and point out their own name inside the cabin,” he said.\r\n\r\n“That is a proud moment. It recognises the people behind our transformation and the energy, care and flair they bring to Virgin Australia every day.”\r\n\r\nBoeing Vice President Commercial Sales and Marketing, Southeast Asia and Oceania, Erika Pearson said the manufacturer was pleased to partner with Virgin Australia as its fleet modernisation continued, with the 737 MAX family as the backbone.\r\n\r\n“In addition to offering more seats, introducing the 737-10 will preserve commonality across the fleet, enhance flexibility, and improve environmental performance on both domestic and international routes,” Ms Pearson said.\r\n\r\n“We remain committed to supporting Virgin Australia as they embark on this new chapter.”\r\n\r\nThe 737-10 will join Virgin Australia’s growing fleet of new-generation aircraft, alongside the 737-8 and Embraer E190-E2s, supporting the airline’s focus on efficiency and customer experience.\r\n","title":"Virgin Australia advances next phase of fleet renewal with first Boeing 737-10 expected in late 2027","slug":"virgin-australia-advances-next-phase-of-fleet-renewal-with-first-boeing-737-10-expected-in-late-2027","date":"2026-06-13T06:06:00.000Z","company":{"image_url":"/uploads/companies/1974/virgin_australia_airlines","name":"Virgin Australia Airlines","id":1974},"formatted_date":"13JUN2026","thumb_url":"/uploads/press_release_images/d325030af01eeb3e7263a809f50d17c3.avif"},{"id":57410,"article":"- Inspection, certification and proof of professionals will be restarted immediately; dismissal of contractors has already been reversed\r\n\r\nThe National Civil Aviation Agency (Anac) resumes, from this Friday, June 12, the activities that had been suspended at the beginning of the month, due to the budget blockade determined by the Federal Government. The return of the shares was guaranteed by a transfer of R$ 25 million to the Agency's cash, made by the ministries of Ports and Airports (MPor) and Planning and Budget (MPO).\r\n\r\nThe resources will allow the immediate restoration of 100% of aircraft certification and regulated inspection activities, including airlines, air clubs, mechanical workshops, parts manufacturers, among others. During the contingency, Anac prioritized the resources available to maintain the essential activities of civil aviation. The safety of commercial flights, operated by airlines, was not affected during this period.\r\n\r\nTests for pilot certification, maintenance mechanics, flight dispatchers, AVSEC stewards and instructors will also be resumed immediately. Guidelines for candidates will be available in a specific statement. With supplementation, it was also possible to reverse the termination of contractors.\r\n\r\nUnderstand the budget blockade\r\n\r\nOn June 1º, Anac had to interrupt part of its activities due to the blocking of R$ 24 million in its budget, determined by Decree 12,990, of May 29, 2026. The immediate impact was the 40% cut of all regulated inspection actions, suspension of pilot, mechanic and stewards certification tests, and interruption of aircraft certification processes.\r\n\r\nWithout the budget supplementation authorized by the MPO with the support of MPor, the Agency would also need to turn off part of the outsourced employees, stop investments in information technology and cancel events aimed at the operational safety of civil aviation.","title":"Anac resumes suspended actions after budget recomposition","slug":"anac-resumes-suspended-actions-after-budget-recomposition","date":"2026-06-12T17:45:00.000Z","company":{"image_url":"/uploads/companies/1875/anac__brazil_","name":"ANAC (Brazil)","id":1875},"formatted_date":"12JUN2026","thumb_url":"/uploads/press_release_images/512a1ea42e9821fecae0ad7d5b3983f9.png"},{"id":57409,"article":"Wizz Air is positioning itself for a stronger growth phase after two years of disruption caused by Pratt \u0026 Whitney GTF engine inspections, with management expressing confidence that the airline is emerging from one of the most challenging periods in its history. \r\n\r\nSpeaking during the airline’s FY2026 earnings call, CEO József Váradi said Wizz Air carried 70 million passengers during the year, up 10% year-on-year, while EBITDA increased 16%. The airline ended the fiscal year with more than €2 billion in cash and improved leverage metrics, despite continuing operational challenges linked to grounded aircraft. \r\n\r\nThe carrier has gradually reduced the number of aircraft grounded by engine inspections from 42 to 30 over the past year and expects the situation to be fully resolved by the end of 2027. Management indicated that no aircraft should remain grounded after that point, although additional spare engines will still be required to support operations. \r\n\r\nWizz Air expects capacity growth to accelerate over the coming months as aircraft return to service and previously suspended routes are reallocated. Rather than focusing on long-haul expansion, the airline has concentrated growth in its core Central and Eastern European markets, increasing frequencies and network density on shorter routes. This strategy is designed to improve aircraft utilization, attract more business travelers, and generate growth at lower operating costs. \r\n\r\nThe airline has also completed a major strategic review of several underperforming operations. Following the closure of its Abu Dhabi venture and the shutdown of its Vienna base, management signaled that additional network adjustments could follow as Wizz Air focuses on profitability and avoids high-cost airport environments. The company confirmed it has ended plans to develop a dedicated Airbus A321XLR network and will instead deploy the aircraft within its broader A321neo operation. \r\n\r\nChief Financial Officer Veronika Spanarova highlighted strong cash generation during FY2026, with nearly €1 billion of free cash flow produced during the year. Fuel costs declined significantly as newer Airbus neo-family aircraft now represent 77% of the fleet, delivering lower fuel consumption and improved efficiency. Net debt-to-EBITDA improved to 3.7x from 4.4x a year earlier. \r\n\r\nLooking ahead, Wizz Air believes the European airline industry could face significant pressure from rising fuel costs and geopolitical uncertainty. However, management sees potential opportunities emerging from market disruption, arguing that financially weaker carriers may be forced to cut capacity, creating openings for well-capitalized low-cost airlines. The company expects to continue growing while maintaining a strong cash position and remains committed to achieving double-digit net profit margins over the medium term. \r\n","title":"Wizz Air Sees Recovery Momentum as Grounded Fleet Returns and Growth Accelerates","slug":"wizz-air-sees-recovery-momentum-as-grounded-fleet-returns-and-growth-accelerates","date":"2026-06-12T12:16:00.000Z","company":{"image_url":"/uploads/companies/1210/wizz_air","name":"Wizz Air","id":1210},"formatted_date":"12JUN2026","thumb_url":null},{"id":57408,"article":"Spanish regional carrier Air Nostrum is reviewing the future of its fleet as it takes on a growing role within the Iberia network. The airline is weighing whether to extend the life of its 31 Bombardier CRJ1000 regional jets through major maintenance programs or begin a transition to a new generation of aircraft.\r\n\r\nNo final decision has been made, but the review comes as Iberia continues shifting lower-volume domestic routes to its regional partners. Aircraft manufacturers' delivery backlogs mean any fleet replacement would be a long-term project.\r\n\r\nThe discussion coincides with broader strategic changes following the appointment of former Iberia executive Guillermo González Vallina as CEO of Air Investment, Air Nostrum's parent company, earlier this year.\r\n\r\nAir Nostrum has steadily expanded its presence on Iberia-branded domestic services as the IAG group focuses Iberia on medium- and long-haul operations. The most recent example was the Madrid–Asturias route, which transitioned entirely to Air Nostrum-operated regional aircraft in March 2026.\r\n\r\nThe airline currently operates 38 aircraft, including 31 CRJ1000s and seven ATR 72-600 turboprops, with an average fleet age of 11.5 years. Potential replacement options include Embraer's E2 family and the Airbus A220.\r\n\r\nFounded in Valencia in 1994, Air Nostrum carries more than 5.5 million passengers annually and operates approximately 80,000 flights per year.\r\n","title":"Air Nostrum Evaluates Fleet Renewal as Role Expands Within Iberia Network","slug":"air-nostrum-evaluates-fleet-renewal-as-role-expands-within-iberia-network","date":"2026-06-12T09:57:00.000Z","company":{"image_url":"/uploads/companies/710/air_nostrum","name":"Air Nostrum","id":710},"formatted_date":"12JUN2026","thumb_url":"/uploads/press_release_images/0f9d1d4a3871e2db00c4989bd74f7d18.png"},{"id":57407,"article":"South Korean appliance manufacturer Winix is reportedly seeking a new strategic investor for Parata Airlines, potentially paving the way for a change in ownership through a third-party share issuance.\r\n\r\nAccording to industry sources, the company is reviewing options to strengthen the airline's financial position while attracting an investor capable of supporting future growth. The proposed transaction would involve issuing new shares to an external party, allowing fresh capital to be injected into the carrier while diluting existing ownership stakes.\r\n\r\nParata Airlines has recently attracted attention after posting strong international load factors and expanding its network, but the carrier continues to operate in a challenging environment marked by rising fuel costs, currency volatility and increasing competition among Korean airlines.\r\n\r\nThe move could provide Parata Airlines with additional financial resources to support fleet expansion, network development and operational improvements as South Korea's aviation market undergoes significant restructuring ahead of the Korean Air–Asiana integration.\r\n\r\nNeither the identity of a potential investor nor the timing of any transaction has been disclosed. Discussions remain at an early stage, and no final agreement has been announced.","title":"Winix Explores Sale of Parata Airlines Through Capital Raise","slug":"winix-explores-sale-of-parata-airlines-through-capital-raise","date":"2026-06-12T08:42:00.000Z","company":{"image_url":"/uploads/companies/4657/paratha_air.png","name":"Parata Air","id":4657},"formatted_date":"12JUN2026","thumb_url":"/uploads/press_release_images/36ba30493a0c766535a044cca3747c8c.png"},{"id":57406,"article":"MIAMI, Fla., June 11, 2026 – The Xtreme Group (“TXG” or the “Company”), a Miami-based aviation maintenance, repair and overhaul (“MRO”) provider, today announced a growth investment from Heartwood Partners, a Connecticut-based private equity firm, to expand its capabilities, capacity, and geographic footprint. The Company’s existing management team, led by Chief Executive Officer Carlos Cock, will continue to lead TXG and execute the Company’s growth strategy.\r\n\r\nFounded in 2013, TXG has built a leading independent, full-service aviation MRO platform with capabilities spanning airframe heavy maintenance, engine MRO, line maintenance, aircraft on ground (AOG) services, and component distribution, serving a wide range of cargo, commercial, and charter operators. The Company serves a marquee customer base from its headquarters in Miami, Florida, with line maintenance stations across major U.S. airports.\r\n\r\n“Since founding Xtreme Aviation in 2013, our singular focus has been on delivering the highest-quality MRO services to our customers — on time, on budget, and to the safety standards they demand,” said Carlos Cock, Chief Executive Officer of The Xtreme Group. “This investment gives us the resources to do more of that: more capacity, more service lines, and a stronger platform to support our customers’ growing fleets. Our commitment to quality and our customer relationships remain at the center of everything we do, and we look forward to bringing that same standard of service to a broader set of operators.”","title":"The Xtreme Group Secures Growth Investment From Heartwood Partners To Accelerate MRO Expansion","slug":"the-xtreme-group-secures-growth-investment-from-heartwood-partners-to-accelerate-mro-expansion","date":"2026-06-11T18:44:00.000Z","company":{"image_url":"/uploads/companies/5293/the_xtreme_group.png","name":"The Xtreme Group","id":5293},"formatted_date":"11JUN2026","thumb_url":null},{"id":57405,"article":"Azorra has delivered the first of two ATR 72-600 aircraft to Loganair, the UK’s largest regional airline, marking a new customer relationship and further strengthening Azorra’s footprint across the UK and Europe.\r\n\r\nThe twin-engine turboprop aircraft will support Loganair’s diverse network, improving connectivity for underserved communities throughout the UK.\r\n\r\nJohn Evans, Chief Executive Officer, Azorra, says: “Loganair is a highly respected regional airline and an excellent addition to our growing portfolio of partners. The ATR 72-600 is a proven platform, delivering the efficiency and flexibility required to support Loganair’s operations. This delivery marks another important milestone in Azorra’s global expansion, and we look forward to building a long-term partnership with the Loganair team while supporting its evolving fleet requirements.”\r\n\r\nLuke Farajallah, Chief Executive Officer, Loganair, says: “These ATR 72-600 aircraft provide valuable flexibility as we evolve our network and meet demand across our markets. We are pleased to partner with Azorra and appreciate the team’s collaborative approach throughout the transaction.”","title":"Azorra Delivers First ATR 72-600 To Loganair","slug":"azorra-delivers-first-atr-72-600-to-loganair","date":"2026-06-11T10:50:00.000Z","company":{"image_url":"/uploads/companies/4627/azorra_aviation","name":"Azorra Aviation","id":4627},"formatted_date":"11JUN2026","thumb_url":null},{"id":57404,"article":"Lebanon is poised to gain its first new domestically registered airline in more than five decades, as start-up carrier Mada Airways prepares to launch scheduled passenger operations from northern Lebanon.\r\n\r\nThe airline, a sister company of private jet operator IBEX Air Charter, plans to operate from Rene Moawad Airport in Qleiaat, once it receives its AOC and the airport's rehabilitation works are completed. The planned fleet consists of one E170 and one E190.\r\n\r\nMada Airways’ entry follows the expiration earlier this year of a long-standing exclusivity agreement that granted Middle East Airlines (MEA) a monopoly over Lebanon’s commercial aviation market since 1969. The arrangement prevented other airlines from registering as Lebanese commercial carriers, although foreign airlines remained free to serve the country.\r\n\r\nThe changing market landscape is also prompting MEA to adapt. The flag carrier plans to launch a low-cost subsidiary, Fly Beirut, in 2027 with an initial Airbus A320 fleet, aiming to strengthen its position as competition emerges for the first time in decades.","title":"Mada Airways looks to launch operations from northern Lebanon","slug":"mada-airways-looks-to-launch-operations-from-northern-lebanon","date":"2026-06-11T08:17:00.000Z","company":{"image_url":"/uploads/companies/98/aviator.png","name":"AVIATOR","id":98},"formatted_date":"11JUN2026","thumb_url":"/uploads/press_release_images/99484ad1d5a56168b6b6f751a16828e8.png"},{"id":57403,"article":"Capital A Berhad has disclosed that its wholly owned subsidiary, Move Digital Sdn Bhd, has received a notice of seizure or attachment from the Sheriff of the Supreme Court of Singapore as part of ongoing enforcement proceedings related to a shareholder dispute involving fintech company BigPay.\r\n\r\nThe notice, dated June 9, 2026, stems from a Singapore International Arbitration Centre (SIAC) case brought by Christopher Davison and Navin Rajagopalan against Move Digital, AirAsia Berhad, and BigPay. The dispute concerns shareholder matters involving BigPay.\r\n\r\nUnder the enforcement action, Singapore authorities may seize two assets held by Move Digital: a 11.45% stake in Teleport Everywhere Pte. Ltd., comprising 481,730 shares, and a 99.56% stake in BigPay, comprising 204.8 million shares.\r\n\r\nThe seizure is intended to enforce an earlier arbitration award requiring Move Digital to purchase the claimants' shares in BigPay for US$14.7 million, as well as recover accrued interest of S$541.20 related to certain cost orders in the Singapore proceedings. Capital A noted that the principal amounts of those cost orders have already been paid.\r\n\r\nMove Digital said it believes it has valid grounds to challenge the seizure and sale of the assets and intends to file a formal objection with the Singapore court authorities.\r\n\r\nThe latest development is linked to litigation previously disclosed by Capital A in its annual reports, financial statements, and shareholder communications over the past several years.\r\n","title":"Capital A Subsidiary Faces Asset Seizure in BigPay Shareholder Dispute","slug":"capital-a-subsidiary-faces-asset-seizure-in-bigpay-shareholder-dispute","date":"2026-06-10T19:55:00.000Z","company":{"image_url":"/uploads/companies/4857/capital_a.png","name":"Capital A","id":4857},"formatted_date":"10JUN2026","thumb_url":"/uploads/press_release_images/d5e07fe085eb0b7bd5fa72312dab9504.png"},{"id":57402,"article":"Afriqiyah Airways has rejected reports that it suspended operations, stating that recent disruptions were caused by unscheduled maintenance on one of its aircraft.\r\n\r\nThe airline said the required maintenance was completed in line with safety standards, allowing the aircraft to return to service and resume scheduled flights on Monday.\r\n\r\nAfriqiyah also announced that another aircraft is expected to enter service next week as part of efforts to strengthen its fleet and improve operations.\r\n\r\nThe carrier said it will continue its fleet maintenance and modernization program, with additional aircraft returning to service once technical work and regulatory approvals are completed. It reaffirmed its commitment to providing safe and reliable air links between Libya and regional and international destinations.","title":"Afriqiyah Airways Rejects Suspension Reports, Restores Aircraft to Operations","slug":"afriqiyah-airways-rejects-suspension-reports-restores-aircraft-to-operations","date":"2026-06-10T19:53:00.000Z","company":{"image_url":"/uploads/companies/1528/afriqiyah_airways","name":"Afriqiyah Airways","id":1528},"formatted_date":"10JUN2026","thumb_url":null},{"id":57401,"article":"Azorra is today announcing the successful acquisition of 12 Airbus A220-300 aircraft from EGYPTAIR.\r\n\r\nPurchased in February 2024 to support EGYPTAIR’s fleet transformation program, the twelfth and final aircraft has been delivered to Breeze Airways.\r\n\r\nJohn Evans, Chief Executive Officer at Azorra, says: “This transaction highlights Azorra’s ability to create innovative solutions that deliver value across the aviation ecosystem. Beyond expanding our A220 portfolio, these aircraft are helping address critical spare engine and parts availability challenges while supporting operators around the world.\r\n\r\n“We appreciate the partnership and professionalism demonstrated by EGYPTAIR throughout a complex transaction process, as well as the collaboration and support of Airbus and Pratt \u0026 Whitney. We remain strong believers in the A220 and the tremendous value it creates for airlines through its economics, performance and passenger experience.”\r\n\r\nCapt. Ahmed Adel, Chairman \u0026 CEO of EGYPTAIR Holding Company, says: “We are pleased to have successfully completed this transaction with Azorra, which formed an important part of our fleet transformation strategy. We appreciate the professionalism and collaboration demonstrated throughout the process and are confident the aircraft will continue to deliver strong value.”\r\n\r\nAzorra has 28 A220s in service around the world, following the delivery of the first aircraft from its orderbook in May 2024, with 15 remaining on order.","title":"Azorra Completes Acquisition And Placement Of EgyptAir A220-300 Portfolio","slug":"azorra-completes-acquisition-and-placement-of-egyptair-a220-300-portfolio","date":"2026-06-10T18:35:00.000Z","company":{"image_url":"/uploads/companies/4627/azorra_aviation","name":"Azorra Aviation","id":4627},"formatted_date":"10JUN2026","thumb_url":"/uploads/press_release_images/d72913f83aa355d387e22664041db40a.jpeg"},{"id":57400,"article":"NEWPORT BEACH, Calif., June 10, 2026 -- Aviation Capital Group LLC (\"ACG\") announced today that it has completed the amendment and restatement of its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, and extended the final maturity date of the facility from June 2028 to June 2030.\r\n\r\nThe commitments under this facility are provided by 24 financial institutions. Together with its $1.5 billion line of credit from Tokyo Century and its $500 million revolving credit facility with a syndicate of lenders in Asia, ACG currently has approximately $5.1 billion of total revolving commitments.\r\n\r\n\"We are pleased to successfully complete the extension of our revolving credit facility and are grateful for the continued confidence of our banking partners,\" said Matthew Novell, Vice President of Capital Markets and Assistant Treasurer of ACG. \"Their support reflects the strength of ACG's platform, the depth of our global banking relationships, and our disciplined approach to long-term growth. This extension further enhances our liquidity and financial flexibility, enabling us to continue investing in our fleet, support our airline customers and execute on our growth objectives.\"","title":"Aviation Capital Group Amends and Extends $3.1 Billion Senior Unsecured Revolving Credit Facility","slug":"aviation-capital-group-amends-and-extends-3-1-billion-senior-unsecured-revolving-credit-facility","date":"2026-06-10T11:02:00.000Z","company":{"image_url":"/uploads/companies/1026/aviation_capital_group","name":"Aviation Capital Group","id":1026},"formatted_date":"10JUN2026","thumb_url":"/uploads/press_release_images/54c48d38ad13fe6bcd14e06081ce94a0.jpg"},{"id":57399,"article":"Jeju Air has reduced its firm order for Boeing 737-8 aircraft from 40 to 32 units, reflecting a shift from aggressive growth toward financial discipline and risk management.\r\n\r\nThe airline cited Boeing delivery delays as the primary reason and has extended its fleet renewal timeline from late 2027 to late 2028. Boeing continues to face production constraints following increased regulatory scrutiny after the Alaska Airlines 737 MAX incident.\r\n\r\nIndustry observers, however, see broader factors at play. With the upcoming merger of Korean Air and Asiana Airlines set to create a dominant integrated low-cost carrier, Jeju Air appears focused on profitability and financial stability rather than fleet expansion.\r\n\r\nA weaker Korean won has also increased acquisition costs. Despite reducing the order by eight aircraft, the revised purchase is now valued at approximately KRW 5.46 trillion, significantly higher than initial estimates when the order was placed in 2018.\r\n\r\nAnalysts view the move as part of a wider industry trend, with airlines increasingly prioritizing efficiency, cost control, and balance-sheet strength amid high fuel prices, currency volatility, and a more competitive market.","title":"Jeju Air Scales Back Boeing Order to Strengthen Finances","slug":"jeju-air-scales-back-boeing-order-to-strengthen-finances","date":"2026-06-10T10:31:00.000Z","company":{"image_url":"/uploads/companies/1329/jeju_air","name":"Jeju Air","id":1329},"formatted_date":"10JUN2026","thumb_url":"/uploads/press_release_images/d8e54aa73b5a70e2d7721b33da241412.jpg"},{"id":57398,"article":"Dallas, Texas, USA – 9 June 2026 – BeauTech Power Systems, LLC (“BeauTech”), a leading provider of aircraft engine leasing, asset management and trading solutions, today announced that it has successfully amended and extended its revolving credit facility, increasing total commitments from $0.63 billion to $1.40 billion and extending the maturity to June 2031.\r\n\r\nThe amended facility was almost twice oversubscribed, reflecting strong support from both existing lenders and new banking partners.\r\n\r\nIn addition to more than doubling BeauTech’s available revolving credit capacity, the amended facility provides improved pricing and greater operating flexibility. It also broadens the range of equipment that BeauTech can finance, now including widebody assets alongside the company’s established regional and narrowbody platforms.\r\n\r\nU.S. Bank served as Administrative Agent, Joint Lead Arranger and Joint Bookrunner. Bank of America, Truist Bank and PNC Bank served as Co-Syndication Agents, Joint Lead Arrangers and Joint Bookrunners. Crédit Agricole Corporate and Investment Bank, MUFG Bank, Huntington Bank and BMO Bank served as Joint Lead Arrangers and Joint Bookrunners, while Fifth Third Bank served as Documentation Agent.\r\n\r\n“This transaction marks an important milestone in BeauTech’s growth and reflects the strength of the platform we have built over 15 years,” said Lee Beaumont, Founder and Chief Executive Officer of BeauTech. “The strong support from our banking partners demonstrates confidence in our business and long-term strategy. This expanded facility provides the scale and resources to pursue opportunities across a broader range of assets, including the widebody market, and positions us to double the size of our portfolio over the next five years, while continuing to deliver innovative engine solutions for our customers worldwide.”","title":"BeauTech Expands Revolving Credit Facility to $1.4 Billion","slug":"beautech-expands-revolving-credit-facility-to-1-4-billion","date":"2026-06-10T10:10:00.000Z","company":{"image_url":"/uploads/companies/4350/beautech.png","name":"BeauTech","id":4350},"formatted_date":"10JUN2026","thumb_url":null},{"id":57397,"article":"Arendal, Norway, 9 June – Norse Atlantic Airways today announced the appointment of Frans Leenaars as Chief Commercial Officer (CCO), effective immediately.\r\n\r\nFrans joins Norse with more than two decades of international leadership experience across aviation, travel and customer-focused businesses. Throughout his career, he has held senior commercial positions within Air France-KLM and Disney Parks \u0026 Resorts, as well as a range of executive leadership roles at TUI Group, one of the world's leading travel companies.\r\n\r\nAs CCO, he will be responsible for leading Norse's global commercial strategy and technology developments, including continued network development, partnerships, customer experience, revenue management, sales, marketing and IT.\r\n\r\n\"Frans brings a unique combination of aviation expertise, commercial leadership and customer-centric thinking,\" said Eivind Roald, Chief Executive Officer of Norse Atlantic Airways. \"His extensive experience from both airlines and the broader travel industry will be highly valuable as we continue to evolve our commercial platform, strengthen strategic partnerships and optimize the deployment of our fleet across scheduled, charter and ACMI operations. Frans will play an important role in further enhancing the customer experience while supporting Norse's focus on profitability and value creation as an airline on demand.\"\r\n\r\nCommenting on his appointment, Frans Leenaars said:\r\n\r\n\"Norse has established itself as a modern and innovative airline. I am impressed by what the team has accomplished in a relatively short period of time and look forward to working alongside colleagues across the company to further strengthen our commercial proposition, expand partnerships and deliver value to customers and owners\".\r\n\r\nThe appointment comes as Norse continues to build on its commercial and operational progress, supported by a balanced business model, a growing customer base and a strengthened financial foundation.","title":"Norse Atlantic Airways appoints Frans Leenaars as Chief Commercial Officer","slug":"norse-atlantic-airways-appoints-frans-leenaars-as-chief-commercial-officer","date":"2026-06-09T09:03:00.000Z","company":{"image_url":"/uploads/companies/4773/norse_atlantic_airways","name":"Norse Atlantic Airways","id":4773},"formatted_date":"09JUN2026","thumb_url":"/uploads/press_release_images/e7471bb1cf439b921fc2cc83a42a165a.jpg"},{"id":57396,"article":"Executive Jet Support (EJS) has completed the acquisition of a second Embraer E175 (MSN 125), secured shortly after MSN 132.\r\n\r\nThis latest investment further expands our E-Jet programme and increases the volume of high-demand, serviceable material available to our customers. With a growing number of Embraer airframes acquired, EJS are well positioned to support operators, lessors, and MRO’s with fast access to quality components where and when they are needed.\r\n\r\nOur continued focus on strategic asset acquisition across multiple platforms ensures we remain responsive to market demand while delivering dependable, cost-effective material solutions across the global aviation aftermarket.","title":"Another Embraer E175 Strengthens EJS Inventory","slug":"another-embraer-e175-strengthens-ejs-inventory","date":"2026-06-08T13:20:00.000Z","company":{"image_url":"/uploads/companies/4962/executive_jet_support","name":"EJS - Executive Jet Support","id":4962},"formatted_date":"08JUN2026","thumb_url":"/uploads/press_release_images/ad5601c010fead6ce8a75709ad3dccee.jpeg"},{"id":57395,"article":"8 June 2026 – Dublin, Ireland: IAT Leasing (“IAT”) is pleased to announce the acquisition of two 2009-vintage Boeing 737 aircraft, comprising one 737-800 (MSN 36690) and one 737-700 (MSN 36691), both on lease to WestJet. The aircraft were acquired from Dubai Aerospace Enterprise (\"DAE\") on behalf of funds managed by two existing US investors, on a co-invest basis- the first time this structure has been used for aircraft acquisition in the platform. IAT will provide ongoing lease administration and asset management services for the aircraft.\r\n\r\nThe transaction marks a successful repeat transaction with DAE and WestJet, a leading Canadian carrier, as a returning lessee within the IAT-managed portfolio. The acquisition further deepens IAT’s relationship with its equity partners.\r\n\r\nMartin Browne, Chief Executive Officer of IAT, commented: “We are delighted to complete this transaction with DAE Capital. Welcoming WestJet back to our roster of airline customers is an exciting step for the platform, and reflects our continued focus on acquiring liquid, in-demand narrowbody assets placed with high-quality global airline credits.”\r\n\r\nMagnus Stephensen, Chairman of IAT, commented: “This transaction is consistent with IAT’s strategy of building a portfolio of durable assets supported by strong airline lessees. We are pleased to broaden our trading relationships with our long-standing partners DAE Capital and to continue expanding our partnership with equity partners.”\r\n\r\nPillsbury Winthrop Shaw Pittman LLP acted as acquisition lead counsel to IAT. Holland \u0026 Knight LLP acted as counsel to DAE Capital. Blakes acted as lessee counsel. Matheson LLP acted as Irish legal counsel for the investors. KPMG Ireland advised IAT on tax matters.","title":"IAT Leasing announces the acquisition of two (2) Boeing B737 aircraft on lease to WestJet","slug":"iat-leasing-announces-the-acquisition-of-two-2-boeing-b737-aircraft-on-lease-to-westjet","date":"2026-06-08T13:19:00.000Z","company":{"image_url":"/uploads/companies/5119/iat_leasing.png","name":"IAT Leasing","id":5119},"formatted_date":"08JUN2026","thumb_url":"/uploads/press_release_images/8486cddc320589c8cdf9ec65851026df.jpeg"},{"id":57394,"article":"- The strategic Europe Japan Joint Venture will be expanded by Lufthansa Group and All Nippon Airways to include ITA Airways starting Autumn 2026\r\n- Shorter and more frequent connections between Japan and Europe via ITA Airways’ five-star hub at Rome Fiumicino\r\n\r\nITA Airways takes another step towards becoming part of the Lufthansa Group. The strategic Europe Japan Joint Venture of Lufthansa Group (LHG) and All Nippon Airways (ANA) will be expanded to include ITA Airways by the Lufthansa Group as of autumn of this year. A corresponding agreement was signed the previous day at the IATA Annual General Meeting in Rio de Janeiro.\r\n\r\nThe Italian airline’s entry into the largest Joint Venture between Europe and Japan will enable deeper cooperation in many key areas. It will include the European network of ITA Airways, including Italy domestic and the Maghreb as well as its long-haul route between Rome Fiumicino and Tokyo-Haneda. This complements the existing scope of the Joint Venture in Italy with the current ANA connection from Tokyo-Haneda to Milan-Malpensa.\r\n\r\nThe focus is on ITA Airways’ hub, Rome-Fiumicino Airport. From there, Italy’s flagship carrier offers a daily nonstop flight to Tokyo-Haneda. Both airports have been awarded the highest possible rating of five stars by Skytrax. Starting this autumn, this intercontinental flight can be booked by customers of ANA, Lufthansa, Austrian Airlines, and SWISS and can be flexibly combined with their own flights. Additionally, the provision of a joint offer will roll out sequentially from autumn 2026 onwards. The customers will be informed once this possibility is offered.\r\n\r\nSince the Joint Venture also includes feeder flights operated by ITA Airways to Rome, travelers to or from Japan now have additional connecting options. Especially for destinations in Southern Europe, the Mediterranean region, and North Africa, the flight times to and from Japan via the southern hub in Rome will be shorter. Beyond Tokyo-Haneda, ANA offers ITA Airways passengers numerous onward connections with its domestic network in Japan. All passengers can also use the respective lounges in Rome and Tokyo. Tickets as well as the loyalty programs of both airlines are mutually recognized.\r\n\r\nThe Europe Japan Joint Venture was founded in 2012 by Lufthansa and ANA. In the following years, SWISS and Austrian Airlines also joined. Since then, this joint project has enabled deeper cooperation and coordinated product planning. The necessary antitrust approval (antitrust immunity) was granted by Japanese authorities several weeks ago. As part of this Joint Venture, the participating airlines can, for example, coordinate their flight schedules to better distribute departure times throughout the day. Customers of all five participating airlines will find a coordinated and comparable range of services and products on their flights between Japan and Europe. With the ability to combine all long-haul flights with full flexibility, including regional feeder flights at both Tokyo-Haneda and five Lufthansa Group hubs, passengers have significantly more travel and connection options. Between Europe and Japan alone, this Joint Venture now offers a choice of 160 weekly long-haul flights.\r\n\r\nJuichi Hirasawa, President and CEO of All Nippon Airways, said: “As we approach the 15th anniversary of our Joint Venture next year, our long-standing partnership with Lufthansa Group has allowed us to offer our passengers a seamless and high-quality travel experience between Japan and Europe. With ITA Airways joining us to open up the gateway to Rome, we look forward to offering travelers exceptional service and even more convenient access to Italy, Southern Europe, the Mediterranean and beyond.”\r\n\r\nJoerg Eberhart, Chief Executive Officer and General Manager of ITA Airways, said: “We are very proud to join the Europe Japan Joint Venture together with ANA and Lufthansa Group. This agreement represents a key milestone in the international development of ITA Airways and further strengthens the airline’s connectivity to the Asia-Pacific region, an area of major strategic importance. We thank our partners Lufthansa Group and ANA for this important opportunity, which will allow us to offer our customers more travel options, more efficient connections, and an increasingly integrated travel experience.”","title":"Lufthansa Group and ANA to add ITA Airways to their Europe Japan Joint Venture","slug":"lufthansa-group-and-ana-to-add-ita-airways-to-their-europe-japan-joint-venture","date":"2026-06-08T11:24:00.000Z","company":{"image_url":"/uploads/companies/5362/lufthansa_group.png","name":"Lufthansa Group","id":5362},"formatted_date":"08JUN2026","thumb_url":"/uploads/press_release_images/21989d7da4df89d9cbb25eb34c753e7c.jpg"},{"id":57393,"article":"Avation PLC (LSE: AVAP, Avation or \"the Company\"), the commercial passenger aircraft leasing company, is pleased to announce that it has delivered a new ATR 72-600 aircraft to Cambodia Airways on a twelve‑year lease term, running to 2038. The aircraft is the first ATR aircraft to join the Cambodia Airways fleet. The aircraft was delivered on 5 June 2026, further to the Company's announcement in on 4 September 2025 and is one of fifteen ATR 72-600 aircraft ordered by Avation in April 2024 and March 2026 pursuant to the exercise of purchase rights with ATR. Avation has now taken delivery of more than forty new ATR aircraft since the commencement of its aircraft purchase agreement with ATR. This aircraft is currently unencumbered and as of the date of this announcement the Company owns nine unencumbered aircraft.\r\n\r\nJeff Chatfield, Executive Chairman of Avation PLC, said: \"We are pleased to have successfully expanded our fleet and delivered another aircraft from our ATR orderbook with a new aircraft on long-term lease to Cambodia Airways, a new customer. By adding a new airline customer, we further diversify our customer base and reduce concentration risk. We look forward to a long and successful relationship with Cambodia Airways. The Company now owns nine unencumbered aircraft which puts us in a strong financial position.\"","title":"Avation delivered a new ATR 72-600 aircraft to Cambodia Airways","slug":"avation-delivered-a-new-atr-72-600-aircraft-to-cambodia-airways","date":"2026-06-08T06:04:00.000Z","company":{"image_url":"/uploads/companies/1363/avation_plc","name":"Avation PLC","id":1363},"formatted_date":"08JUN2026","thumb_url":null},{"id":57392,"article":"Establishes pathway to strategic partnership of Air Canada and Abra Group and a joint business agreement\r\nCustomers will benefit from an improved travel experience, expanded loyalty benefits, and enhanced cargo services\r\nEnables revenue sharing and deeper commercial integration, including expanded codeshare\r\n\r\nRIO DE JANEIRO, June 07, 2026 -- Air Canada and Abra Group today announced they have signed a Memorandum of Understanding to develop a broad, long-term strategic partnership. The agreement between Canada’s largest airline and the Latin American air transport company, whose carriers include the Avianca and GOL brands, would enable the partners to expand their global reach, providing customers and shippers greater connectivity across North, Central and South America and beyond. Any final agreement is subject to final documentation and regulatory approval.\r\n\r\n“Air Canada and Abra Group are building the foundations for an enhanced partnership that will further unlock the Americas. With Latin America acting as a fast-growing and strategic component of Air Canada’s global presence, our customers to and from the region have long benefited from existing codeshare partnerships with Abra Group. Building from a highly complementary presence across the Americas, this Memorandum of Understanding between our world-class airlines creates a pathway to further bolster our partnership, improve the customer experience, and enhance global connectivity. We look forward to working alongside Abra Group to deliver meaningful value to our customers and partners,” said Mark Galardo, Executive Vice President and Chief Commercial Officer, and President of Cargo at Air Canada.\r\n\r\nAngus Clarke, Chief Commercial Officer at Abra commented: “This milestone agreement with Air Canada reinforces our ambition to redefine connectivity across the Americas and beyond. At Abra Group, we believe in building seamless, integrated networks that bring people, cultures, and economies closer together. Our complementary strengths with Air Canada expand travel options and create a more connected hemisphere, unlocking new opportunities for our customers, our partners, and the regions we serve. This is a significant step toward shaping a more accessible and dynamic aviation ecosystem.”\r\n\r\nMary-Jane Lorette, Vice President, Revenue Management, Partnerships and International Affairs at Air Canada, added: “The Canada–South America market is accelerating, and we are investing to capture this momentum, expanding into key markets such as Lima, Santiago and Rio de Janeiro, with further growth ahead in Quito while building on our strong foundation with Avianca through Star Alliance and our long-standing collaboration with GOL to shape connectivity across the Americas and unlock greater value for our customers.”\r\n\r\nPartnership highlights\r\n\r\nUnder the proposed strategic partnership, which is subject to the negotiation of final documentation and regulatory approval, Air Canada and Abra would:\r\n\r\nExpand global reach by strengthening connectivity between Canada and key Latin America markets, with broader access to international markets;\r\nDeepen commercial integration through coordinated sales and distribution;\r\nEstablish a Joint Business Agreement on select Canada-Latin America routes, to enable deeper commercial integration;\r\nExpand codeshare cooperation across the Americas and beyond, including for travel between Latin America and other international markets via Canadian gateways;\r\nEnhance the Customer Experience to provide more seamless travel, including coordinated airport services, smoother connections, aligned baggage policies, and improved disruption management;\r\nStrengthen frequent flyer cooperation, delivering increased earning and redemption opportunities and improved recognition across both networks;\r\nExplore greater cargo collaboration, including opportunities to offer more seamless and efficient solutions across key markets in the Americas in support of growing trade flows.","title":"Air Canada and Abra Group Sign Memorandum to Expand Travel and Connectivity between Canada, Latin America and Beyond","slug":"air-canada-and-abra-group-sign-memorandum-to-expand-travel-and-connectivity-between-canada-latin-america-and-beyond","date":"2026-06-07T16:05:00.000Z","company":{"image_url":"/uploads/companies/400/air_canada","name":"Air Canada","id":400},"formatted_date":"07JUN2026","thumb_url":"/uploads/press_release_images/1a0004a4e95f3c7bda3248260e6521fa.jpg"},{"id":57391,"article":"Flag carrier of the Philippines will further strengthen alliance’s presence in Southeast Asia\r\n \r\nRIO DE JANEIRO – 6 June 2026 – Philippine Airlines (PAL), the national flag carrier of the Philippines, will become oneworld’s 16th member airline following the signing of a Memorandum of Understanding (MOU) at a press briefing held at the International Air Transport Association’s 82nd Annual General Meeting in Rio de Janeiro, Brazil. \r\n\r\n“This is a defining and transformative moment for Philippine Airlines,” said PAL Holdings, Inc. President Lucio C. Tan III. “Becoming a member of the oneworld Alliance and strengthening Southeast Asia’s representation within the group significantly brings the Philippines and the region closer to the world like never before. Together with our partners, we will deliver greater choice, consistent journeys, and a world-class travel experience that reflects the warmth of Filipino hospitality.”\r\n\r\nPhilippine Airlines was invited to join oneworld as a member-designate airline by the oneworld Governing Board, comprising the chief executives of all member airlines. \r\n\r\n“Philippine Airlines’ entry into oneworld supports our long‑term strategic growth and strengthens our connectivity across key markets in the Asia Pacific region,” said Robert Isom, American Airlines Chief Executive Officer and chairman of the oneworld Governing Board. “The airline has a proud heritage and will serve a critical role in our Southeast Asia network.” \r\n\r\nPhilippine Airlines will further expand oneworld’s global network, adding 31 unique destinations throughout the Philippines and beyond. The airline’s growing international network will support customer demand across Asia, North America, Europe, the Middle East and Australia, complementing existing services currently offered by oneworld members.\r\n\r\n“Philippine Airlines is a globally respected carrier with a strong commitment to innovation and customer service that aligns with oneworld’s reputation for delivering a premium experience across the travel journey,” said Ole Orvér, oneworld Chief Executive Officer. “This decision is an endorsement of oneworld, and its global customer offering. We look forward to welcoming Philippine Airlines into the alliance.”\r\n\r\nFollowing its entry into oneworld, members of Philippine Airlines’ Mabuhay Miles programme will enjoy reciprocal opportunities to earn and redeem miles and points across all oneworld member airlines. The airline’s eligible top tier customers will enjoy access to oneworld Priority benefits and access to more than 700 premium airport lounges, including oneworld’s branded lounges in Amsterdam’s Schiphol and Seoul’s Incheon airports, as well as First Class lounges and check-in areas, a benefit unique to oneworld fliers.","title":"Philippine Airlines to Join oneworld Alliance","slug":"philippine-airlines-to-join-oneworld-alliance","date":"2026-06-06T20:01:00.000Z","company":{"image_url":"/uploads/companies/629/oneworld","name":"oneworld","id":629},"formatted_date":"06JUN2026","thumb_url":"/uploads/press_release_images/6273e462b643b4b2b28c1ee4f16b84c9.jpeg"},{"id":57390,"article":"Expand Safran Aircraft Engines’ CFM LEAP global maintenance ecosystem\r\nDevelop SIA Engineering Company Limited’s new-generation engine capabilities\r\nSupport the growing global demand for CFM LEAP maintenance from Singapore  \r\n\r\nSGX Mainboard-listed SIA Engineering Company Limited (SIAEC, together with its subsidiaries, the SIAEC Group) and Safran Aircraft Engines have signed a joint venture agreement to establish a full-fledged CFM LEAP engine shop in Singapore to provide engine maintenance, repair and overhaul services for the LEAP-1A and LEAP-1B. The signing of this Joint Venture agreement marks a key milestone in the collaboration between the parties following the letter of intent signed on 25 November 2025 to deepen LEAP engine maintenance support in Singapore.  Under the joint venture agreement, Safran Aircraft Engines will hold a 51% equity stake in the joint venture company, with SIAEC holding the remaining 49%.  \r\n\r\nSIAEC currently performs LEAP engine Quick Turn maintenance for Safran Aircraft Engines at its Aircraft Engine Services facility in Changi North. The Quick Turn operations will be integrated into the joint venture company, forming the foundation for a future state-of-the-art engine MRO facility in Singapore. The new facility will expand the engine shop visit capacity as well as give rise to a broader and deeper scope of service for LEAP-1A and LEAP-1B engines as the global LEAP fleet continues to grow.  \r\n\r\nMr. Wong Yue Jeen of SIAEC, commended the milestone, stating: “Building on our LEAP engine maintenance services agreement with SAE in 2019, the new LEAP MRO JV combines SAE’s OEM expertise and SIAEC’s MRO excellence, strengthening the LEAP maintenance network and enhancing SIAEC’s new-generation engine capability to meet global LEAP engine maintenance demand.”  \r\n\r\n“The creation of this joint company with SIA Engineering Company marks a significant step forward in strengthening our global MRO ecosystem to meet the accelerating demand for LEAP engine maintenance in Asia-Pacific,” said Nicolas Potier, Executive Vice President Support \u0026 Services for SAE. “This new MRO facility brings together the expertise of both companies to provide world-class performance and reliable support, helping our airline customers optimize their operations.\"","title":"SIA Engineering Company and Safran Aircraft Engines to form CFM LEAP engine maintenance, repair and overhaul joint venture in Singapore","slug":"sia-engineering-company-and-safran-aircraft-engines-to-form-cfm-leap-engine-maintenance-repair-and-overhaul-joint-venture-in-singapore","date":"2026-06-05T19:19:00.000Z","company":{"image_url":"/uploads/companies/792/safran","name":"Safran","id":792},"formatted_date":"05JUN2026","thumb_url":null},{"id":57389,"article":"Cessna SkyCourier enters service in the Philippines with first delivery to Leading Edge Air Services Corporation\r\n\r\nWICHITA, Kan. (June 5, 2026) — Designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, the Cessna SkyCourier has entered service in the Philippines with the first delivery to Leading Edge Air Services Corporation (LEASCOR), expanding passenger and cargo connectivity across the country’s island communities through a versatile, mission-ready turboprop. \r\n\r\nThe aircraft delivered to LEASCOR, a wholly owned subsidiary of ACDI Multipurpose Cooperative, is a 19‑passenger variant equipped with the optional passenger‑to‑freighter conversion kit. The configuration allows operators to quickly transition between full passenger and full cargo missions, supporting a wide range of domestic transport, tourism and logistics operations.\r\n\r\n“Being able to shift seamlessly between passenger and cargo missions is critical for operators serving remote and regional markets,” said Juan Escalante, vice president, SkyCourier Sales. “The Cessna SkyCourier provides a dependable, versatile platform that enables operators to respond quickly to changing transportation needs while maintaining efficiency.”\r\n\r\nEngineered for dependable performance in rugged environments, the twin‑engine, high‑wing turboprop combines generous payload capacity with excellent short takeoff and landing performance. Its large cargo door supports efficient loading while fixed landing gear and Pratt \u0026 Whitney Canada PT6A‑65SC engines contribute to durability and operational confidence across a variety of mission profiles. \r\n\r\nLEASCOR was established in 2016 as the air chartering arm of ACDI Multipurpose Cooperative, which serves members of the Armed Forces of the Philippines and other uniformed personnel, including active service members, retirees, reservists and civilian employees.\r\n\r\n“The arrival of our first Cessna SkyCourier marks a defining milestone for Leading Edge Air Services Corporation,” said Maj. Gen. Gilbert S. Llanto, Armed Forces of the Philippines (Ret). “It strengthens our ability to provide reliable air connectivity to communities that depend on consistent passenger and cargo service, particularly in remote areas.” \r\n\r\n\"With the SkyCourier, we are strengthening our capability to open underserved routes, enhance logistics and support regional economies. It allows us to respond faster, serve farther and operate more efficiently, advancing our goal of helping build a resilient, future ready aviation network for the Philippines.\"\r\n- Maj. Gen. Gilbert S. Llanto, Armed Forces of the Philippines (Ret).\r\n\r\n“What makes the SkyCourier invaluable is its purpose-built versatility, supported by twin-engine reliability, high payload capacity and the ability to operate on short and unpaved runways. These capabilities enable seamless passenger and cargo operations, even in remote areas. With the SkyCourier, we are strengthening our capability to open underserved routes, enhance logistics and support regional economies. It allows us to respond faster, serve farther and operate more efficiently, advancing our goal of helping build a resilient, future ready aviation network for the Philippines,” said Maj. Gen. Llanto.\r\n\r\nAbout the Cessna SkyCourier     \r\n\r\nThe twin-engine, high-wing Cessna SkyCourier turboprop offers a combination of performance and lower operating costs for air freight, commuter and special mission operators around the world. The Cessna SkyCourier is offered in two variants — the freighter and the passenger — along with optional kits that allow the aircraft to be configured from passenger to freighter, or in a Combi configuration that accommodates up to nine passengers while carrying freight. \r\n\r\nThe freighter variant is sized to handle up to three LD3 shipping containers with a payload capacity of 6,000 pounds, while the 19‑passenger variant features large cabin windows for natural light and views. Both versions offer single‑point pressure refueling to enable faster turnarounds and feature two crew doors and a large side door used for cargo loading or passenger boarding, depending on the configuration. \r\n\r\nThe SkyCourier is powered by two wing-mounted Pratt \u0026 Whitney Canada PT6A-65SC turboprop engines and features the McCauley Propeller C779, a heavy-duty and reliable 110-inch aluminum four-blade propeller, which is full feathering with reversible pitch, designed to enhance the performance of the aircraft while hauling tremendous loads. The SkyCourier is operated with Garmin G1000 NXi avionics and has a maximum cruise speed of more than 200 ktas and a 900 nautical-mile maximum range.","title":"Cessna SkyCourier Enters Service In The Philippines With First Delivery To Leading Edge Air Services Corporation","slug":"cessna-skycourier-enters-service-in-the-philippines-with-first-delivery-to-leading-edge-air-services-corporation","date":"2026-06-05T18:51:00.000Z","company":{"image_url":"/uploads/companies/4570/textron_aviation","name":"Textron Aviation","id":4570},"formatted_date":"05JUN2026","thumb_url":"/uploads/press_release_images/fef753ca5fb4eef305da043a669a3582.jpg"},{"id":57388,"article":"The agreement will commence on 1 July and will remain in force for 13 months\r\n\r\nPlus Ultra Líneas Aéreas has signed an agreement with Air Zimbabwe to operate the Harare–London route under an ACMI arrangement. The contract has a duration of 13 months and will come into effect on 1 July.\r\n\r\nThe agreement, brokered by Chapman Freeborn Aviation Services, one of Europe’s leading aviation brokers, covers flights between the capitals of Zimbabwe and the United Kingdom several times a week. The flight time is approximately ten and a half hours.\r\n\r\nUnder the ACMI model, Plus Ultra provides the aircraft, crew, maintenance and insurance, while the service is operated under the contracting airline’s flight code. For this route, the Spanish carrier will deploy its wide-body Airbus A330 aircraft, specifically designed for long-haul operations.\r\n\r\nAccording to Silvia Avelar, Director of ACMI and Charter at Plus Ultra:\r\n\r\n“This operation strengthens our growth strategy and further consolidates the ACMI division as one of the company’s key business areas. It also reflects the confidence the market places in our operational capabilities, safety standards and the commitment of our teams.”\r\n\r\nWithin the ACMI business segment, this agreement is the third long-term contract signed by Plus Ultra with a national flag carrier over the last twelve months, following those reached with Air Algérie and Tunisair. It adds to the numerous shorter-term ACMI agreements the airline signs each year.\r\n\r\nPlus Ultra’s ACMI division was launched in 2015 as part of the company’s business diversification strategy. Since then, its aircraft have operated on behalf of more than one hundred airlines across Europe, the Americas, Asia and Africa.\r\n","title":"Plus Ultra signs a long-term ACMI agreement to operate the Harare–London route","slug":"plus-ultra-signs-a-long-term-acmi-agreement-to-operate-the-harare-london-route","date":"2026-06-05T12:59:00.000Z","company":{"image_url":"/uploads/companies/2971/plus_ultra_lineas_aereas","name":"Plus Ultra Lineas Aereas","id":2971},"formatted_date":"05JUN2026","thumb_url":"/uploads/press_release_images/bddfd35e867a93d2a02b3e9dea34f609.png"},{"id":57387,"article":"Saudi carrier welcomes first airplanes from its order for up to 72 787 Dreamliners\r\nRiyadh Air to launch operations with the 787-9 on regional and long-haul routes, supporting the Kingdom's vision for growth\r\n\r\nRIYADH, Saudi Arabia, June 5, 2026 - Boeing [NYSE: BA] and Riyadh Air announced that the new carrier's first two passenger airplanes, 787 Dreamliners, were delivered and arrived in Riyadh, a milestone for the airline as it prepares to launch commercial service.\r\n\r\n\"To see our very first custom-built 787 Dreamliner airplanes touch down in Riyadh is a historic moment for us, and a momentous day for Saudi aviation,\" said Riyadh Air CEO Tony Douglas. \"I couldn't be more excited or more confident about the future and the legacy we are creating. Not only are we building an airline, we are opening a new gateway to the world from the heart of the Kingdom. We are absolutely ready and excited to welcome the world to Riyadh.\"\r\n\r\nThe deliveries are a step forward for the Kingdom of Saudi Arabia's aviation strategy, which aims to attract 150 million visitors and serve 330 million passengers annually by 2030. Riyadh Air's fleet plan includes up to 72 787 airplanes that will play a central role in connecting the Kingdom to regional and long-haul markets, including Europe, Asia, Africa and North America.\r\n\r\n\"Riyadh Air is bringing to life a vision of modern world-class travel, and we are delighted to support them as they open new possibilities for the Kingdom and the world,\" said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. \"The 787 Dreamliner gives Riyadh Air unmatched efficiency, flexibility across routes and a beautiful interior that will deliver a phenomenal travel experience.\"\r\n\r\nRiyadh Air plans to serve more than 100 destinations by 2030, deploying early 787 flights to cities including London, Cairo and Jeddah.\r\n\r\nA leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.  ","title":"Boeing Delivers Riyadh Air's First Two 787 Dreamliner Jets","slug":"boeing-delivers-riyadh-airs-first-two-787-dreamliner-jets","date":"2026-06-05T12:34:00.000Z","company":{"image_url":"/uploads/companies/112/boeing","name":"Boeing","id":112},"formatted_date":"05JUN2026","thumb_url":"/uploads/press_release_images/100a82946f9a60cabac84ea3266ba98d.jpg"},{"id":57386,"article":"\r\nE2 program surpasses 500 total orders and Azorra surpasses 50 E2 orders\r\nNew agreement also secures purchase rights for another 15 aircraft for Azorra\r\n\r\nSão José dos Campos, Brazil, June 5, 2026 – Embraer and Azorra have signed an additional firm order for 15 E195-E2 aircraft, with purchase rights for 15 additional jets, further strengthening the long-standing partnership between the two companies.\r\n\r\nWith this new agreement, Azorra’s total firm E2 orders increase from 39 to 54 aircraft, reinforcing growing demand and confidence in small narrowbody aircraft. This marks the third increase to Azorra’s original E2 order, first placed in December 2021.\r\n\r\nThe order also marks a milestone for Embraer’s E2 program, taking the total number of E2 orders beyond 500 aircraft. Since entering service, the E2 family has continued to build momentum with more than 200 aircraft in operation and 24 airline customers, allowing them to right-size capacity, improve fuel efficiency, and enhance passenger comfort.\r\n\r\nJohn Evans, Chief Executive Officer of Azorra, said: “Our continued investment in Embraer's E2 family reflects the strong demand we are seeing from airlines around the world for right-sized, fuel-efficient aircraft that deliver operational, economic and network planning advantages to our airline customers. The E2 has proven to be an ideal solution for airlines seeking to open new markets and modernize their fleets while enhancing the passenger experience and strengthening their brands.\r\n\r\nAs an early supporter of the program, Azorra has worked closely with Embraer and Pratt \u0026 Whitney to expand the E2 customer base and bring the aircraft to new operators across multiple regions around the world. We are proud to further strengthen our partnership with Embraer through this order and to play a role in the E2 program surpassing 500 orders. With this transaction, Azorra's firm E2 orderbook also surpasses 50 aircraft—two important milestones that reflect both our confidence in the program and the growing global momentum behind this exceptional aircraft.”\r\n\r\nArjan Meijer, President and CEO of Embraer Commercial Aviation, said: “Azorra has been an important partner in the global success of the E2, and this latest order is another strong endorsement of the aircraft’s outstanding economics, performance and passenger appeal. Surpassing 500 E2 orders is a proud moment for Embraer and reflects the growing momentum behind right-sized, fuel-efficient aircraft.”\r\n\r\nThe E195-E2 is Embraer’s largest commercial aircraft and is recognized for its low fuel burn, reduced emissions, quiet operation, high reliability and outstanding passenger experience. Its two-by-two seating configuration means no middle seats, offering passengers more comfort while giving airlines the flexibility and efficiency needed to serve a wide range of markets.\r\n\r\nThis new order from Azorra will be added to Embraer’s 2026 second-quarter results and backlog.\r\n","title":"Azorra places additional firm order for 15 Embraer E195-E2 ","slug":"azorra-places-additional-firm-order-for-15-embraer-e195-e2-","date":"2026-06-05T11:34:00.000Z","company":{"image_url":"/uploads/companies/435/embraer","name":"Embraer","id":435},"formatted_date":"05JUN2026","thumb_url":"/uploads/press_release_images/5d0acefa22ffeef1592ac880d001d158.jpg"},{"id":57385,"article":"Azorra has delivered the first of two Embraer E190-E1 aircraft to One Airways, a Spanish aviation company.\r\n\r\nThe delivery marks a new airline partnership for Azorra, expanding the lessor’s growing customer base in Europe. It also marks the introduction of Azorra’s Embraer E1 platform into Spain, representing its first E1 aircraft placement in the Spanish market.\r\n\r\nThe aircraft, powered by GE CF34-10E engines, will also be supported under Azorra’s Engine Program, providing One Airways with comprehensive engine maintenance support and asset management solutions. Through the program, Azorra delivers tailored engine support services designed to optimize operational reliability, maintenance planning, and cost predictability throughout the lease term.\r\n\r\nJohn Evans, Chief Executive Officer, Azorra, says: “We are pleased to welcome One Airways as a new customer and further strengthen Azorra’s footprint in Europe. This transaction reflects Azorra’s ability to provide tailored fleet and engine maintenance solutions to support a range of customer profiles, including ACMI and charter operations.\r\n\r\n“The E-Jets continue to demonstrate their versatility, reliability and economic value across a wide range of operating environments, and this transition highlights our confidence in the E1 platform as we continue to broaden its reach among airline customers worldwide. Through Azorra’s comprehensive Engine Program, we can provide customers with integrated engine support solutions that enhance operational efficiency and long-term fleet and cost planning.”\r\n\r\nAleixandre Schudeck, Chief Operating officer, One Airways, says: “The E190’s combination of maturity, efficiency, flexibility, and performance is ideal to support One Airways’ reintroduction as well as our future growth strategy as we expand. We are delighted to partner with Azorra on this important milestone for our company and we look forward to a long partnership.”\r\n\r\nThe delivery reinforces Azorra’s position as a leading lessor of Embraer aircraft. Including this delivery, Azorra manages a portfolio of 126 E-jets, comprising 84 E1 aircraft and 42 E2 aircraft in service, with an additional seven on order.\r\n","title":"Azorra Delivers Embraer E190-E1 To One Airways S.A.","slug":"azorra-delivers-embraer-e190-e1-to-one-airways-s-a-","date":"2026-06-04T16:56:00.000Z","company":{"image_url":"/uploads/companies/4627/azorra_aviation","name":"Azorra Aviation","id":4627},"formatted_date":"04JUN2026","thumb_url":"/uploads/press_release_images/545369447a0fe378278f8037f0c9d82a.jpg"},{"id":57384,"article":"At the end of May, ATR formally delivered the first ATR 42-600 aircraft of a previously undisclosed order of three to PNG Air. Following a purchase agreement initiated late 2024, this first delivery marks the beginning of the airline’s ambitious renewal plan, that places ATR aircraft at the heart of its future network. \r\n\r\nPNG Air plays a vital role in Papua New Guinea, by operating scheduled passenger services across one of the world’s most geographically complex countries. With mountaineous terrain, dense rainforest and very limited road infrastructure, aviation is often the only means of connecting communities to essential services, markets, education and healthcare. Reliable regional aircraft are therefore a cornerstone of the country’s social and economic development. \r\n\r\nSince 2023, PNG Air has launched a major transformation, focusing on operational performance, punctuality, dependable frequencies and a better travel experience for its passengers. Modernising the fleet is a key part of this strategy. Over the next year, PNG Air plans to transition progressively to an all-ATR fleet, expanding from five to 16 aircraft while retiring its older DHC Q100s. \r\n\r\nThis accelerated growth combines new ATR 42-600 and ATR 72-600 deliveries with the acquisition of several pre-owned aircraft from established lessors. By choosing ATR, PNG Air is investing in the most efficient and capable regional aircraft for the country’s unique environment: turboprop aircraft that can serve short routes, challenging gravel runways, and remote communities with outstanding fuel efficiency and cost-effectiveness.  \r\n\r\nAcross Papua New Guinea, this delivery marks a step forward: towards more reliable and more responsible mobility, helping the country stay connected and its communities thrive.","title":"ATR delivers the first ATR 42-600 to PNG Air as the airline accelerates its fleet renewal","slug":"atr-delivers-the-first-atr-42-600-to-png-air-as-the-airline-accelerates-its-fleet-renewal","date":"2026-06-04T16:55:00.000Z","company":{"image_url":"/uploads/companies/640/atr","name":"ATR","id":640},"formatted_date":"04JUN2026","thumb_url":"/uploads/press_release_images/b15e7136b54815b9dece25f5ed374085.jpg"},{"id":57383,"article":"Avation PLC (LSE: AVAP, Avation or \"the Company\"), the commercial passenger aircraft leasing company, is pleased to announce that it has signed an eight-year lease agreement, extending to 2034, at current market lease rates with FlyJaya, an Indonesian airline, for an ATR 72-600 aircraft. The aircraft was delivered on 3 June 2026 under this new lease agreement.\r\n \r\nJeff Chatfield, Executive Chairman of Avation PLC, commented: \"Avation's strategy is to further diversify its airline customer base and we are pleased to have completed a rapid transition of this aircraft to FlyJaya, a new customer in Indonesia. In a period of elevated jet fuel prices, regional air connectivity remains critical to local communities, particularly in countries with extensive airport networks and numerous islands. This eight-year lease term is an attractive duration, underlining the strength of demand for the ATR 72-600 aircraft type and providing long-term revenue visibility for the Company.\"","title":"Avation: Aircraft Transition Lease Agreement","slug":"avation-aircraft-transition-lease-agreement","date":"2026-06-03T08:37:00.000Z","company":{"image_url":"/uploads/companies/1363/avation_plc","name":"Avation PLC","id":1363},"formatted_date":"03JUN2026","thumb_url":null},{"id":57382,"article":"Norwegian can today announce that it has entered into an agreement to purchase one Boeing 737-800 aircraft that is currently on lease to the airline.\r\n\r\nThis transaction represents another step in securing the company’s future fleet, enhancing financial flexibility, and increasing asset ownership to support long-term operational and strategic growth, in addition to reduced overall ownership cost.\r\n\r\nThe transaction is expected to close in the second quarter of 2026 and is subject to customary closing conditions. Norwegian has secured long-term financing for this aircraft purchase.\r\n\r\nOn completion of the transaction, Norwegian expects to record a non-recurring gain of approximately NOK 85 million. This gain reflects the pricing the company has been able to achieve for the aircraft and the corresponding reduction of existing lease liabilities. Additionally, the transaction is expected to generate recurring cost savings net of financing costs of approximately NOK 10 million per year.\r\n\r\nThis transaction follows the company’s earlier purchase of 13 Boeing 737-800 aircraft in 2025. Norwegian has completed the long-term financing for those transactions on attractive financing terms.\r\n","title":"Norwegian Air Shuttle ASA (NAS) - Agreement to purchase one Boeing 737-800 aircraft","slug":"norwegian-air-shuttle-asa-nas-agreement-to-purchase-one-boeing-737-800-aircraft","date":"2026-06-03T08:36:00.000Z","company":{"image_url":"/uploads/companies/815/norwegian_air_shuttle.png","name":"Norwegian Air Shuttle","id":815},"formatted_date":"03JUN2026","thumb_url":null}],"meta":{"total_count":55927,"current_page":1,"total_pages":1119}}