Air Europa to receive its first A350 in 2028
January 26, 2026
Spanish carrier Air Europa is scheduled to receive the first of 20 Airbus A350-900s in 2028 under its recently finalised order with the airframer. At the Dubai air show in November, the two parties had disclosed a memorandum of understanding for acquisition of up to 40 A350-900s. Air Europa confirms the order was signed in December and still spans "up to 40" aircraft. It states that it "will take delivery of the first 20 A350s from 2028, as part of the collaboration agreement signed with Airbus". Airbus's backlog data lists Air Europa as having 20 A350-900s on order at 31 December. Air Europa describes the order as a "key step in the renewal of our long-haul fleet", adding that the new aircraft "will coexist with current models for the coming years". Fleet data shows that Air Europa's long-haul fleet spans 28 Boeing 787s (17 787-9s and 11 -8s). It also has 26 737-800s and four Max 8s and has another 24 Max 8s on order. It wet-leases a single A330-900 from Iberojet. Air Europa opted for Rolls-Royce Trent 1000 engines to power its 787s. All A350s are equipped with Trent XWBs.
Surf Air Mobility plans $22.4m investment in Mokulele
January 23, 2026
Los Angeles-based air mobility platform Surf Air Mobility plans to make around $22.4 million of investments in Mokulele Airlines by the end of 2026. The investment is to "maintain its excellent scheduled service reliability, elevate the customer experience, and optimise the network for the deployment of Advanced Air Mobility... aircraft", Surf Air Mobility says. Deanna White, chief executive of Surf Air Mobility, states: "Our investments in Hawaii strengthen our airline service today while laying the operational and infrastructure foundation for new electrified aircraft to enter the market. "We believe our Hawaii network will be an ideal showcase to demonstrate how Advanced Air Mobility aircraft will improve flight-level unit economics, reduce maintenance costs, and enhance airline profitability." In 2025, Mokulele Airlines reported 36,000 departures and carried 224,000 passengers, with a controllable completion factor of 96%. It operates 10 routes serving nine airports across the Hawaiian Islands, with an average stage length of 51 miles, which Surf Air Mobility says makes Hawaii "one of the most operationally relevant markets for next-generation Advanced Air Mobility aircraft with over 14.1K flights flown across routes 50 miles and under in 2025". Starting in 2026's first quarter, Mokulele will add seven new daily round-trip flights to its Molokai schedule, including five new flights to Honolulu (HNL) and two new flights to Kahului (OGG). Mokulele schedules a total of 26 peak-day round-trip flights from Molokai to Honolulu and 13 daily flights from Molokai to Kahului. "With the expanded flight schedule between Honolulu and Molokai, Mokulele will operate the most frequently flown route of any airline in the US," Surf Air Mobility says. Surf Air Mobility notes Mokulele has added two new Cessna Caravan aircraft delivered from Textron Aviation, with two additional new aircraft planned to enter service in 2026. These aircraft, it adds, have improved operating costs, reliability, and passenger comfort. It has also invested in "refreshed lounges and ground facilities". Mokulele's website states its fleet consists of 18 208EX Grand Caravans. It is not clear whether this figure includes the aircraft mentioned above.
SIA prices $390 million notes due 2036
January 23, 2026
Singapore Airlines has launched and priced a S$500 million ($390 million) issuance of notes due 2036 at a coupon rate of 2.7%. The notes – issued under its S$10 billion multicurrency medium term note programme – are expected to be issued on 30 January at a price of 100 per cent, states SIA in a 20 January filing to the Singapore Exchange. Net proceeds will be used for aircraft purchases, aircraft-related payments, general corporate or working capital purposes, and includes the refinancing of existing borrowings, it adds. DBS, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) acted as joint global coordinators, while DBS, OCBC, Standard Chartered and UOB were joint lead managers.