US regional carrier Silver Airways abruptly halted all operations on 11 June, just over six months after filing for Chapter 11 bankruptcy protection. The airline states in a social media post that "Silver entered into a transaction to sell its assets to another airline holding company, who unfortunately has determined to not continue Silver's flight operations in Florida, the Bahamas and the Caribbean". It adds that passengers should not proceed to the airport and instead pursue refunds through their credit card provider or travel agent. The airline's website appears active and does not contain the same message. However, a search of the airline's booking engine shows that there are no flights available for booking over the coming months. Fleets data shows that Silver operated five ATR 72-600s and three ATR 42-600s, all of which were leased. Azorra is listed as the manager of the three ATR 42s and three of the ATR 72s, while Jetstream Aviation Capital manages the other two ATR 72s. Silver's Seaborne Airlines subsidiary, which is also in Chapter 11, had one Viking Air DHC-6-300 in service that is on lease from Kenn Borek Air. In early May, Wexford Capital subsidiary Argentum Acquisition was named as the 'stalking horse' bidder for Silver ahead of an auction set for 28 May. Under that deal, Argentum proposed to buy the assets of the airline for $5.78 million if no higher bids were received at the auction. Cirium contacted Wexford Capital outside of usual business hours to confirm if it has taken control of Silver's assets but has not received a response at the time of publishing. The airline filed for Chapter 11 on 30 December 2024, and in a court filing in January, its then-president Steven Rossum largely blamed its financial troubles on the difficult introduction of the ATR turboprops into its fleet.

Air Transat parent company Transat has reached an in-principle agreement to restructure a C$772 million ($565 million) debt owed to the government-owned Canada Enterprise Emergency Funding Corporation (CEEFC) that helped to support it during the Covid-19 pandemic. The debt was accrued from the Employer Emergency Funding Facility (LEEFF) program CEEFC manages. Transat says that the restructuring includes repayment of C$41.4 million in cash to CEEFC; a reduction of credit facilities to a single facility of C$175 million; and issuing the corporation a C$159 million debenture maturing in 10 years. It will also issue CEEFC C$16.3 million of preferred shares that are convertible into voting shares representing 19.9% of its equity. The transaction "remains subject to the execution of definitive agreements and documentation giving effect to the transaction," Transat states in a 5 June press release. The C$175 million credit facility will have a 10-year term with interest accruing at a rate of 1.22% per annum for the first three years, and 3% thereafter, Transat adds. It will be secured by a second lien on all the assets of the company. The 10-year debenture will not accrue interest in the first five years, after which it will accrue at a rate of 7% per annum, increasing by 1% each year thereafter up to a maximum of 12% per annum, Transat says. Transat further notes that its existing C$50 million senior revolving credit facility and C$74 million revolving credit facility for letters of credit are not part of the restructuring and will remain in place and available to it. As part of the restructuring, Transat has agreed with CEEFC to repay 50% of the senior revolving credit facility by no later than 1 November 2026. "We are pleased to have been able to reach this agreement, which will substantially deleverage our balance sheet and pave the way for Transat to further implement its long term sustainable strategic plan and complete the implementation of its Elevation program," states Annick Guerard, Transat's president and chief executive. Elizabeth Wademan, president and chief executive of CEEFC parent company Canada Development Investment Corporation, states that it has " worked closely with Transat to ensure it meets its obligations under the LEEFF programme while supporting the company's continued commercial viability in a competitive market. "LEEFF has been a successful program by making emergency loans available to Canada's large employers to enable them to stay solvent and save jobs both during the pandemic and beyond."

Ryanair has agreed to purchase 30 spare Leap-1B engines from CFM International. The engines, which have a list price of $500 million, are set to be delivered over the next two years, with the carrier saying it will support its existing fleet of 210 Boeing 737 Max aircraft, around 80% of which are already in operation, and prepare for the arrival of the Max 10, the first of which is scheduled to arrive from 2027. The acquisition will expand Ryanair's pool of spare engines to over 120, a move it says will "enhance" its operational stability. "We are pleased to continue to develop our longstanding partnership with CFM," says group chief executive Michael O’Leary. "Today’s purchase of 30 new Leap-1B spare engines is a significant $500 million commitment to improve the operational resilience of our group airlines." He adds that the deal will "further widen Ryanair’s cost leadership" over its competitors. Gael Meheust, chief executive of CFM, called the agreement "another milestone in the long and successful partnership" between the engine-maker and Ryanair, adding: "We look forward to continuing to support Ryanair’s significant growth by providing them with industry-leading reliability and utilisation standards." Ryanair plans to expand its fleet to 800 Boeing 737s, all powered by CFM engines, enabling it to achieve annual passenger traffic to 300 million by 2034. That’s up from around 200 million in the year to end-March on a fleet of 620 aircraft. Investment firm Davy comments that the agreement "will help Ryanair to manage the industry supply chain issues" over the next few years and will prove "beneficial to profitability."