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North American Aviation Newsletter 2 August

North American Aviation Newsletter 2 August

AEI receives Brazilian STC approval for B737-800SF

Aeronautical Engineers Inc announced it has received formal Agência Nacional de Aviação Civil (ANAC) approval from Brazil for the 12-pallet position B737-800SF freighter conversion.

Aviation Capital Group Announces Delivery of One A321neo to JetSMART

Aviation Capital Group announced the delivery of one new Airbus A321neo aircraft  to JetSMART, as part of a three-aircraft sale and lease back agreement.  ACG Vice President Marketing for the Latin American region Marine Benoit said “We are honoured to continue supporting JetSMART in their growth in Chile and Latin America with the delivery of this new fuel-efficient Airbus A321neo.”

JetBlue and Spirit to Create a National Low-Fare Challenger to the Dominant Big Four Airlines

JetBlue Airways and Spirit Airlines announced that their boards of directors have each approved a definitive merger agreement under which JetBlue will acquire Spirit for an aggregate fully diluted equity value of $3.8 billion and an adjusted enterprise value of $7.6 billion. The airline will offer its combined 77 million operating a fleet of 458 aircraft and an order book of over 300 Airbus aircraft with fuel-efficient, lower-carbon new engine option, or neo, engines, providing increased flexibility and efficiency while mitigating the risk of limited availability of aircraft. The acquisition will increase relevance for JetBlue in certain key focus cities such as Fort Lauderdale, Orlando, San Juan, and Los Angeles) and in major airline hubs such as Dallas , Las Vegas, and Miami.

Piedmont Airlines to add 15 Embraer 145s to the fleet

Piedmont Airlines announced it will take delivery of 15 Embraer-145 aircraft starting in early Autumn. The additional aircraft will be transferred from Envoy Air on a phased basis. Piedmont CEO Eric Morgan said “Our Piedmont team’s outstanding performance throughout the pandemic period is being rewarded with a significant investment in the expansion and life of our fleet. With a strong increase in pilot hiring, including a significant number of Direct Entry Captains, we are confident we can continue to staff and reliably operate an expanded fleet.”

Transat secures $100 million of new capital

Transat A.T. Inc. announced that it has reached an agreement with Canada Enterprise Emergency Funding Corporation to secure $100 million in additional capital.  Transat A.T. Inc President and CEO, Annick Guérard stated “This complementary financing and the changes to the existing agreements strengthen our treasury position and reinforce our financial resilience. This important financing milestone, combined with sales that have been doing well in recent months, will give us the financial flexibility to deploy our strategic plan with optimism and confidence.”

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