Finnair, the national carrier of Finland, has announced the appointment of Pia Aaltonen-Forsell as its new Chief Financial Officer (CFO) and member of the Executive Board, effective August 1, 2025. Aaltonen-Forsell brings with her an extensive background in finance, leadership, and corporate governance, which is expected to contribute to Finnair’s post-pandemic recovery and growth strategy.
Capital A, the parent company of AirAsia, is aiming to complete its Proposed Regularization and Restructuring Planby June 2025, marking a pivotal step in its post-pandemic recovery roadmap. The plan includes major financial and operational restructuring, with significant implications for the group’s airline subsidiaries and broader aviation assets.
TP Aerospace, a Denmark-based wheel and brake specialist, has entered into a new Land For Less Program agreement with SolitAir, an airline based in the United Arab Emirates. The deal covers support for SolitAir’s current and expanding fleet of Boeing 737NG aircraft, reinforcing TP Aerospace’s growing presence in the Middle East market.
Sun Country Airlines, a U.S.-based hybrid carrier operating both passenger and cargo services, announced plans to add eight additional freighter aircraft in 2025, a significant expansion of its cargo capacity. Three of these freighters were delivered in Q1, with the remaining five expected to arrive by the end of the third quarter.
KLM, the flag carrier of the Netherlands, grounded seven Boeing 787 aircraft on May 3, 2025, after a serious maintenance oversight involving a refueling system component. The grounding occurred following the discovery that engineers had applied the wrong maintenance procedures, prompting immediate safety concerns and regulatory involvement.
Frontier Airlines, a major U.S.-based low-cost carrier, continued to strengthen its fleet strategy during the first quarter of 2025 by extending 14 aircraft leases that were originally scheduled to end in 2026 and 2027. This strategic move reflects the airline’s focus on maintaining operational continuity and avoiding short-term capacity gaps amid increasing demand projections.
Vietjet, the Vietnamese low-cost carrier, has posted strong financial results for the first quarter of 2025, with a 24% increase in consolidated pre-tax profit, reaching $32.1 million. This performance is built on total revenues of $690.5 million, reflecting solid demand and improved operational efficiencies.
Qatar Airways Cargo has officially been announced as the launch customer for the B777-200LRMF (Long Range Mammoth Freighter), a newly converted widebody freighter developed by Mammoth Freighters, a U.S.-based P2F (passenger-to-freighter) conversion specialist. The airline has finalized an agreement to acquire five of these aircraft from Jetran, a U.S.-based aviation services and leasing company.
Marabu Airlines, an Estonian carrier, has expanded its fleet with the wet lease of one Airbus A320, designated by serial number 3780. The aircraft is leased from Bul Air, a Bulgarian operator, and is powered by CFM56-5B4/3 engines.
LATAM Brasil has taken delivery of a new Airbus A320neo, expanding its narrowbody fleet as part of its modernization and efficiency improvement strategy. The aircraft is identified by serial number 12538 and is powered by PW1127G-JM engines, a member of Pratt & Whitney’s advanced GTF engine family.
