02 Apr 2024
Canada Jetlines announces ACMI Lease Agreement with Air Arabia Moroc
AvAir Secures Major Expansion with Enhanced Credit Facility
AvAir announced the successful closure of a new 3-year syndicated senior credit facility led by HSBC Bank USA. This new facility represents a significant leap forward, offering increased availability, more favourable pricing, and improved terms compared to the Company’s previous credit arrangement.
The overwhelming interest from syndicate participants enabled AvAir to increase the facility's size at closing, showcasing a strong vote of confidence in the AvAir growth trajectory. The syndicate, led by HSBC Bank USA as Administrative Agent and Lead Arranger, also includes First Citizens Bank and Western Alliance Bank.
AvAir CEO Mike Bianco, said "Partnering with esteemed aviation lenders such as HSBC, First Citizens, and Western Alliance is a testament to our commitment to excellence and innovation in serving our customers' inventory needs."
Canada Jetlines announces ACMI Lease Agreement with Air Arabia Moroc
Canada Jetlines announced that it will deploy two Airbus A320 aircraft from its fleet in Morocco this summer under a three month Wetlease/ACMI (Aircraft, Crew, Maintenance, and Insurance) lease agreement from mid-June through to mid-September with Air Arabia Moroc.
Canada Jetlines CEO Eddy Doyle stated “Our partnership with Air Arabia Moroc marks a strategic step forward in our business plan of providing Wetlease/ACMI services for reputable partners. By leveraging this agreement, we are not only maximizing the utilization of our aircraft during the busy summer months in Europe but also solidifying our position as a premier provider of tailored aviation solutions. This agreement underscores the sustainable growth plan for Canada Jetlines."
New Pacific Airlines Announces Partnership with Elevate Aviation Group
New Pacific Airlines announced a strategic and exclusive partnership with Elevate Aviation Group, poised to redefine the landscape of private aviation in the luxury travel segment. The collaboration marks a significant milestone for both companies, enhancing their capabilities and services in the aviation industry.
New Pacific Airlines CEO Rob McKinney stated "At New Pacific Airlines, we are dedicated to redefining the standards of aviation services. Our partnership with Elevate Aviation Group is a testament to our commitment to providing unparalleled travel experiences. Together, we will set new benchmarks for excellence in the private aviation sector."
Image Credit: Aviation Capital Group (ACG)
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