Auric Air, a Tanzanian regional airline headquartered in Mwanza, has expanded its fleet with the addition of a Pilatus PC-12 aircraft. Known for its rugged performance and versatility in remote and short-field operations, the PC-12 is a strategic fit for the airline’s mission to provide reliable air service to underserved and remote destinations across Tanzaniaand East Africa.
AirSial, a private Pakistani airline based in Sialkot, has expanded its fleet with the addition of a leased Airbus A320, bearing the manufacturer serial number (MSN) 4160. The aircraft is equipped with CFM56-5B4/3 engines, a common and reliable powerplant for the A320ceo family, indicating AirSial’s continued preference for proven and efficient technologies as it grows its operational footprint.
TAP, the national airline of Portugal, reported a net loss of $122.6 million for the first quarter of 2025, underlining persistent financial challenges despite an improving global aviation environment. The carrier’s operating revenue fell 4.5% year-over-year, totaling $933.6 million, suggesting a drop in travel demand or yield compression on its primary routes.
Azul, one of Brazil’s largest airlines, is reportedly in advanced negotiations with creditors to secure approximately $600 million in emergency financing. This strategic move is aimed at sustaining operations through a potential bankruptcy process, which could be initiated as early as next week. The airline, like many others in Latin America, has faced significant financial turbulence over recent…
T’way Air, a low-cost airline based in South Korea, has postponed its extraordinary general meeting (EGM) to 24 June 2025, thereby delaying the finalization of its proposed acquisition of Daemyung Sono’s management rights. The move follows a delay in the anticipated ruling from the Fair Trade Commission (FTC), which is currently reviewing the proposed corporate combination.
Maverick Horizon, a Dublin-based aviation investment and trading firm, has announced the appointment of Matvey Koloturskiy as Senior Vice President of Trading and Portfolio Development. Koloturskiy will also continue to serve in his existing role as Deputy CEO of the company’s parent, Vector Group, headquartered in Israel.
Emirates and Air Mauritius have officially renewed their long-standing strategic partnership, which includes a reciprocal codeshare agreement, expanded frequent flyer cooperation, and enhanced cargo handling services. The renewed collaboration strengthens ties between the two carriers and broadens connectivity across Africa, Asia, and Europe.
Brussels Airlines, the flag carrier of Belgium, has announced the appointment of Filip Aerts as its new Chief Operating Officer (COO) and a member of the Management Board, effective 01 August 2025. Aerts will succeed Tilman Reinshagen, who is leaving the Lufthansa Group to pursue other opportunities.
Aquila Air Capital, a U.S.-based aviation asset manager, has announced the appointment of Gary Lew as its new Chief Financial Officer (CFO). The move comes as the company continues to expand its aircraft leasing and trading operations amid sustained demand for efficient mid-life aircraft solutions.
WestJet, the Canadian carrier, has taken delivery of a Boeing B737-8 under lease, featuring manufacturer serial number 43301. The aircraft is powered by LEAP-1B27 engines, manufactured by CFM International, and is the latest addition to the airline’s growing 737 MAX fleet.
