VIETJET and NOVUS AVIATION CAPITAL signed MOUs to explore establishment of an aircraft financing and leasing vehicle as well as collaborating on the supply of Sustainable Aviation Fuel (SAF) in Vietnam alongside SAF ONE.
ALASKA AIRLINES agreed to acquire HAWAIIAN AIRLINES for $18 per share in cash in $1.9b deal expected to close in 12-18 months; combined airline will be based in Seattle and operate 365 narrow/widebody aircraft to 138 destinations.
CATHAY GROUP bought back 50% (HK$9.75b) of the HK$19.5b in preference shares issued to the Hong Kong SAR Government as part of its recapitalization financing in 2020; it plans to buy back the remainder by end of July 2024.
Our Air Transport editors have selected the best quotes they’ve heard from industry leaders over the past week, including Alaska Airlines CEO Ben Minicucci.
flynas has celebrated the inauguration of its first direct flight between Jeddah and Brussels, becoming the first Saudi carrier to connect Saudi and Belgium.