Philippine Airlines has agreed debt financing for four Airbus A321neos with GECAS subsidiary PK AirFinance and Tamweel Aviation Finance.
GECAS says PK AirFinance will provide senior debt, while Tamweel – the junior debt fund of Dubai-based lessor Novus Aviation Capital – will extend a mezzanine loan for each aircraft.
The first of the A321neos was delivered in May and the remaining three are scheduled for handover by year-end.
Source: Cirium Dashboard
Cathay Pacific expects a “strong” showing for the second-half financial results, as it approaches full capacity recovery January next year.
A former US Marine Corps pilot who allegedly helped train Chinese military pilots will be extradited from Australia to the USA.
The US government has cleared nearly $1 billion in potential sales of air-launched weapons to Egypt and Morocco.
