Aviation Industry News 26 September 2025 - 18 October 2025

Financing Fuels Breeze’s Expansion In a deal announced this week, Breeze Airways and investment firm AIP Capital confirmed the closing of a $47.5 million secured debt financing on October 14 airlinegeeks.com. The funding, provided through AIP’s private credit arm, is secured by a diversified collateral package – namely Breeze’s spare parts inventory, a spare engine, and a flight simulator airlinegeeks.com. This kind of asset-backed loan signals investor confidence in the airline’s hard assets and growth plan. “We are proud to deepen our relationship with Breeze Airways by providing a bespoke financing solution to support Breeze’s strategic growth,” said Colm Daly,

Sudden Collapse Shocks Icelandic Aviation Iceland’s newest budget airline, PLAY, stunned travelers and industry observers on Sept. 29 when its board abruptly terminated all operations globenewswire.com. In an official press release (and a notice on its website), Fly PLAY hf. announced that “all of the company’s flights have been canceled” globenewswire.com. The company said it would work with authorities and staff to wind down the airline, but gave no room for continued service. In practical terms, every PLAY flight scheduled from that point was cancelled. Stranded passengers at Keflavik Airport and elsewhere were told to seek alternate routes. The airline’s message to customers