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Israel Passes First Reading of Aviation Services Law Amendment

Israel’s Aviation Services Law amendment, which aims to reduce passenger compensation, has successfully passed its first reading in the Knesset. This legislative change is viewed as a favorable move by international airlines, many of which have been hesitant to resume flights to Israel due to the stringent compensation rules currently in place.

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Southwest Airlines Announces Leadership Retirements

Southwest Airlines (US) has announced significant leadership changes with the upcoming retirements of Executive Vice President (EVP) and Chief Financial Officer (CFO) Tammy Romo and Chief Administration Officer Linda Rutherford. Romo’s retirement will take effect on April 1, 2025, while Rutherford’s retirement timeline has not been specified.

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Mexicana Ordered to Disclose Aircraft Leasing Contracts

Mexicana has been directed by the Instituto Nacional de Transparencia, Acceso a la Información y Protección de Datos Personales (INAI), Mexico’s data compliance regulator, to disclose contracts related to the leasing of aircraft. This includes agreements signed with Petrus Aero Holdings (US) and any other involved companies.

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Avolon CEO: Production Shortfall to Boost Profits for a Decade

Avolon (Ireland) CEO Andy Cronin has highlighted a persistent production shortfall by aircraft manufacturers as a key factor shaping the aviation industry. Cronin asserts that this imbalance in supply and demand will continue to drive robust profits for airlines and lessors for at least the next decade.

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AFI KLM E&M Extends PBH Contract with Air China Cargo

AFI KLM E&M (France) has announced a significant extension to its Power By the Hour (PBH) contract with Air China Cargo. The expanded agreement now includes additional Boeing 777 Freighters (B777F), each equipped with GE90-110B engines. This development highlights the strong partnership between the two companies and AFI KLM E&M’s commitment to delivering comprehensive and reliable maintenance solutions.

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Vietnam Airlines to Wet Lease Three A320s for Lunar New Year

Vietnam Airlines has announced plans to wet lease three additional A320 aircraft to meet the surge in passenger demand during the 2025 Lunar New Year period, which runs from 13 January to 12 February 2025. This strategic move ensures the airline can maintain seamless operations and provide sufficient capacity for travelers during one of the busiest times of the year.

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Qatar Airways Takes Delivery of B787-8 on Wet Lease

Qatar Airways has expanded its fleet with the delivery of a Boeing 787-8, bearing serial number 42378, on wet lease from Oman Air. The aircraft is equipped with GEnx-1B engines, known for their fuel efficiency and high performance, making it an ideal addition to Qatar Airways’ long-haul operations.