Air Busan, a South Korean airline, has released its 3Q 2024 financial results, reporting an 8.6% increase in sales, which reached $178 million. However, the airline saw a decline in operating profit, down 13.3% to $26.6 million for the quarter. The mixed results indicate strong revenue growth but also highlight challenges in maintaining profitability amid fluctuating operating costs and market pressures.
Tus Airways, based in Cyprus, has announced a shift in its ownership structure as Logo Jet of Israel increased its holdings to become the airline’s majority shareholder. Logo Jet recently acquired an additional 41.6% of Tus Airways’ shares, bringing its total ownership to 75%. The remaining shares are held by Global Knafaim Leasing (Israel) and Kenneth Woolley, each retaining a 12.5% stake in the airline.
World2Fly, a Spanish airline, has announced the launch of three new routes set to begin in June 2025, enhancing connectivity from Madrid and Lisbon to popular long-haul destinations. The new routes will connect these European cities with La Romana in the Dominican Republic, Mauritius in the Indian Ocean, and Montego Bay in Jamaica. This expansion aligns with World2Fly’s strategy to strengthen its presence in the leisure travel market,…
Virgin Atlantic has announced the cancellation of its planned London Heathrow-Accra route, which was set to commence on May 1, 2025. The decision reflects adjustments in Virgin Atlantic’s route strategy as the airline reassesses its network plans. The Heathrow-Accra service was expected to connect the UK and Ghana directly, serving a significant market for business and leisure travelers…
TAAG Angola Airlines has announced that it will no longer proceed with its planned Luanda-Porto route, which was initially scheduled for launch on April 15, 2025. The cancellation reflects a change in TAAG’s network planning, possibly due to market conditions or operational adjustments. The decision affects TAAG’s anticipated expansion into Portugal’s Porto region, where the airline aimed to establish a…
Qanot Sharq, an airline based in Uzbekistan, has officially launched its new route from Tashkent to Sanya, with the inaugural flight taking place on November 4, 2024. This new service, operated by an Airbus A321neo, connects Uzbekistan’s capital with the popular tourist destination of Sanya in China’s Hainan province. The route aims to facilitate travel between Central Asia and one of…
Greater Bay Airlines is set to launch a new scheduled service between Hong Kong and Tunxi on December 4, 2024, utilizing a Boeing 737-800 aircraft. This new route expands Greater Bay Airlines’ network within East Asia, offering travelers a direct connection between Hong Kong and the scenic city of Tunxi, located in China’s Anhui Province. The route is expected to serve tourists and…
Avianca Cargo and Turkish Cargo have teamed up to launch a new cargo service on the Liege-Miami-Liege route, with operations beginning on November 3, 2024. This partnership connects Liege, a major European logistics hub, with Miami, a key entry point for cargo into the Americas. By linking these strategic locations, Avianca Cargo and Turkish Cargo aim to enhance air cargo connectivity between…
Air India Express (AIX), a subsidiary of the Air India Group, is actively expanding its network to strengthen connectivity between smaller cities and towns and major metropolitan areas across India. Leveraging synergies within the Air India Group, AIX aims to enhance both domestic and international travel options, catering to underserved routes and offering new direct connections. This ambitious…
Air Astana, the national airline of Kazakhstan, has announced the launch of direct flights from Astana to Phu Quoc, Vietnam, scheduled to commence on December 3, 2024. The service will be operated by the Airbus A321LR, an extended-range variant designed to provide greater efficiency and comfort on longer routes. This new route marks Air Astana’s continued expansion into Southeast Asia, catering to both leisure…
