ARIF HABIB CORP-led consortium submitted highest bid of US$482m to acquire PAKISTAN INTERNATIONAL AIRLINES from Pakistan Government; consortium includes Fatima Fertilizer, City Schools, Lake City Holdings and AKD Group Holding.
AVORA AVIATION, Dubai completed debt-financed acquisition of A320-200 (5228; leased to FLY2SKY) with V2500s from an entity serviced by Merx Aviation; acquisition financing was provided by PK AirFinance.
CORSAIR received European Commission approval for €167.8m French restructuring aid, consisting of an €80m write-off on loans that were approved by the Commission in December 2020 and €87.8m of additional financing.
WHEELS UP announced sale/leaseback deal for three Challenger 300s and seven Phenom 300s to generate capital to repay $65m in outstanding debt and provide additional $40m of cash to balance sheet to fund acquisition of additional aircraft. It also placed into service its first Phenom 300 equipped with GOGO Galileo HDX satellite Wi-Fi system.
ANA HOLDINGS launched strategic reorganization of its group-wide cargo business to accelerate decision-making, optimize cost structures and maximize profitability following the integration of NIPPON CARGO AIRLINES.
COLORFUL GUIZHOU AIRLINES, China took delivery of new LEAP-powered A320neo (12951) on lease from CDB Aviation, completing deal for three (SPNWS; July 5, 2024). It now has 21 aircraft, comprising 12 A320s and nine E190s.
AZUL received Board approval to launch a primary public offering of newly issued common shares and preferred shares in Brazil as part of its restructuring plan to implement mandatory capitalization of certain debt via issuance of equity.
