Spirit Airlines has announced plans to furlough 270 pilots and demote 140 captains to first officers due to continued aircraft delivery delays that have forced the airline to reduce its flight schedule through 2025. The budget carrier cited a combination of Pratt & Whitney engine issues and broader supply chain disruptions as key drivers of the operational cutbacks.
A new agreement between the United States and the European Union will preserve tariff-free trade in aircraft and aircraft parts, shielding the aerospace industry from potential disruptions amid broader tariff tensions. The deal, announced on July 28, 2025, reinstates a zero-for-zero tariff structure on jets and components, averting what could have been a severe blow to global production and…
Singapore Airlines has reported a sharp 59% decline in net profit for its first fiscal quarter, citing heavy losses from its equity stake in Air India, which has recently faced multiple challenges, including a fatal crash and broader operational turbulence. Net profit dropped to $404 million from $986 million during the same period last year.
Air New Zealand has officially received the second of its two Airbus A321neo aircraft, further enhancing its narrowbody fleet with the latest generation fuel-efficient jet. The newly delivered aircraft bears the manufacturer serial number 12593 and is registered as ZK-NNI.
Emirates has unveiled a fresh wave of strategic commercial appointments, elevating UAE National leaders to key country management roles across West Asia, the Indian Ocean, and Africa. These appointments, effective 1 August 2025, are aimed at reinforcing the airline’s international commercial presence while contributing to the UAE’s Emiratisation strategy by developing national talent in global roles.
Air Canada delivered robust results for the second quarter of 2025, achieving operating revenues of $5.632 billion, a 2% increase year over year. The carrier posted operating income of $418 million and adjusted EBITDA of $909 million, translating to a 16.1% EBITDA margin.
Air Arabia, the leading low-cost carrier in the Middle East and North Africa, has officially commenced daily nonstop flights connecting Sharjah International Airport (SHJ) to Bangkok’s Suvarnabhumi Airport (BKK). This launch makes Bangkok the airline’s third destination in Thailand, reinforcing its expanding footprint in Southeast Asia.
Turkish Airlines, the world’s leading carrier by number of countries served, has successfully executed a new Islamic finance transaction for the acquisition of an Airbus A350. The deal, denominated in Swiss Francs (CHF), was signed with Dubai Islamic Bank (DIB)—the world’s first Islamic bank and the UAE’s largest Shariah-compliant financial institution.
Group Engine Management GmbH has entered into a new strategic partnership with CDB Aviation through the signing of a General Terms Agreement (GTA) for aircraft engine leasing. The initial step under this broader cooperation involves a lease agreement for four Pratt & Whitney PW1100 engines, which will be deployed to support the Lufthansa Group Airlines fleet.
TrueNoord, the specialist regional aircraft leasing company, has completed the sale of one of its Embraer E190 aircraft to UK-based Titan Airways. This transaction marks the first E190 acquired by Titan, signaling a strategic shift into the regional jet segment.
