ROYAL JORDANIAN completed company restructuring that includes increasing capital to help modernize/raise its fleet to 41 aircraft with 11 new A320neos and E190-E2s; it will then resume modernization plan at beginning of 2026.
SAS selected Castlelake, Air France-KLM, Lind Invest and Danish state as winning bidder consortium in its exit financing solicitation process; structure includes total investment of US$1.2b and SAS is to exit Star Alliance and join SkyTeam.
SEABURY and AIRLINE STRATEGY GROUP (ASG) announced strategic partnership to combine advisory firms; ASG will be rebranded to operate as Seabury Airline Strategy Group (SASG) to develop specialized commercial airline strategies.
IATA reports y-o-y global pax traffic was up 28.4% in August on 24.9% higher capacity; cargo rose 1.5% on 12.2% higher capacity. It says global pax traffic in August was at 95.7% of pre-COVID levels (international 88.5%/domestic 109.2%).
AVOLON reports in 3Q23 it executed 43 lease transactions (vs 54 in 3Q22), delivered seven new/four used aircraft (vs 4/7) and sold 14 aircraft (vs 13). It ended quarter with owned/managed/committed portfolio of 897 aircraft (vs 833).
A U.S. startup promising to revolutionize the air cargo industry by reducing the cost of flight operations by 65% has secured $10 million in seed funding.
This week’s top air transport stories include Boom Supersonic moving another step forward to bring the Mach 1.7 Overture airliner into commercial service.
