Iran’s Ilaam Air to buy four aircraft - governor

US's Breeze Airways applies for int'l status, eyes Europe

Breeze Airways (MX, Salt Lake City) has applied to the US Federal Aviation Authority (FAA) for a flag carrier status, which would be the first step towards eventually launching international operations, founder and chief executive David Neeleman told Reuters. The airline plans to launch transatlantic services.

The flag carrier designation is necessary for any carrier to secure international traffic rights. Neeleman did not outline any timeline for the process and the spokesperson told ch-aviation it was too early to discuss this. It has been planning its international debut for some time now but has yet to announce any specific routes.

The carrier tentatively targets both the leisure markets in the Caribbean and Central America, and transatlantic services to destinations like Ireland, which are within the range of its A220-300s.

The ch-aviation fleets advanced module shows that the airline operates ten E190s, seven E195s, and eighteen A220-300s (with 62 more on a firm order from the manufacturer). It focuses on underserved secondary markets in the US and currently has bases...

Air T raises $4mn to invest in Mountain Air Cargo, leases

Air T has raised USD4 million through trust preferred securities and plans to use the capital, among other sources, to boost the working capital of its subsidiary Mountain Air Cargo (MTN, Kinston).

The cargo specialist operating primarily on behalf of FedEx added thirteen aircraft to its fleet during 2023, including ten Cessna 408Fs, two ATR72-600Fs, and one ATR72-200(F). The expansion marked almost a doubling of the carrier's fleet, which currently stands at 32 aircraft in total, and so required more working capital to support the operations.

Air T said the new funds will also be used to expand its aircraft and engine lease businesses. The holding will also invest in the MRO capabilities of recently acquired subsidiary Worldwide Aviation Services as well as in its ground equipment manufacturer Global Ground Support.

The holding also owns lessor Contrail, cargo carrier CSA Air, and numerous other firms. Each subsidiary operates independently. In the nine-month period that ended on September 30, 2023, Air T posted an adjusted EBITDA profit of USD1.5...

Mexico's VivaAerobus wet-leases A320s, irks unions

Iran’s Ilaam Air targets late 3Q23 launch