low-cost carrier

Philippine low-cost carrier Cebu Pacific formally closed a sustainability-linked Japanese Operating Lease with Call Option (JOLCO) for its new Airbus A321NEO, marking its first-ever sustainable aircraft financing. The LCC is the first airline in Southeast Asia to get approval for a sustainability-linked loan (SLL). According to Cebu Pacific chief financial officer Mark...

Tata Group's low-cost carrier, Air India Express, has completed its merger with AIX Connect (formerly AirAsia India), a strategic move to create a unified budget airline under Air India with a focus on achieving sustainable profitability without straining its financials, a top company official said. Dismissing...