Beond, a luxury boutique airline based in the Maldives, has outlined ambitious expansion plans to grow its fleet to six jets by 2025 and further expand to 27 aircraft by 2028. The fleet will include Airbus A320neo models, reflecting the airline’s focus on modern, fuel-efficient aircraft.
Turkish Airlines has announced a significant capital injection of $434 million into its subsidiary AJet, marking a strategic move to support AJet’s expansion and operational growth. The investment underscores Turkish Airlines’ commitment to enhancing the capabilities and market presence of its subsidiary.
Spirit Airlines, a prominent U.S.-based low-cost carrier, has been downgraded by S&P Global from ‘CCC’ to ‘D’following its Chapter 11 bankruptcy filing. The move reflects the airline’s financial struggles and the significant challenges it faces during its restructuring process. Additionally, the ratings on Spirit Airlines’ Enhanced Equipment Trust Certificates (EETCs) have been lowered by one notch.
El Al Israel Airlines has announced its financial results for Q3 2024, achieving robust growth and profitability. The airline reported a substantial increase in net profit, accompanied by a 44% rise in revenue to support its ongoing recovery and expansion efforts.
Aerolineas Argentinas and Saudia, the national airlines of Argentina and Saudi Arabia, have finalized a codeshare agreement to strengthen air travel connectivity between the two countries. This partnership represents a significant milestone in expanding travel options and fostering closer economic and cultural ties between the two regions.
Riyadh Air, Saudi Arabia’s emerging national carrier, has secured over 2,500 slots at King Khalid International Airport (RUH). This milestone aligns with the airline’s ambitious strategy to establish Riyadh as a global aviation hubby 2030, a key component of Saudi Arabia’s Vision 2030 initiative.
interCaribbean Airways, based in the Turks & Caicos Islands, has announced the launch of a new route connecting Grenada (GND) and Georgetown (GEO), starting December 1, 2024. The service will be operated with the airline’s reliable Embraer ERJ145, a regional jet known for its efficiency and comfort.
IndiGo, India’s largest airline by market share, has announced plans to resume flights between Bangalore (BLR) and Kuala Lumpur (KUL) starting December 21, 2024. The service will be operated using the fuel-efficient Airbus A320neo, reflecting IndiGo’s commitment to modernizing its fleet and enhancing passenger experience.
Etihad Airways, the flag carrier of the United Arab Emirates, has announced that it will end its unilateral codeshare and bilateral frequent-flyer partnership with Virgin Australia effective June 1, 2025. The decision reflects a “divergence in the strategic direction” of the two airlines, according to Etihad’s statement.
Etihad Airways, the national airline of the United Arab Emirates, has reported strong operational results for October 2024, carrying 1.6 million passengers. The airline also achieved a Passenger Load Factor (PLF) increase of 1.0 percentage point, reaching 87% for the month.
