Finnair reported a second-quarter (Q2) 2025 operating profit of $22.3 million, driven by a 2.8% year-on-year increase in revenue, which reached $917.4 million. Despite this positive quarter, the airline’s half-year (H1) financial result remained in the red, with an operating loss of $39.8 million and a total H1 revenue of $1.7 billion, reflecting a 2.4% rise compared to the same period…
China Eastern has issued a financial forecast anticipating a net loss between $167 million and $223 million for the first half of 2025. This projection underscores ongoing challenges faced by the airline as it works to stabilize operations and finances in the post-pandemic era, amid complex market dynamics and shifting passenger demand.
Israir Airlines, a leading leisure-focused carrier in Israel, has made a strategic financial move by acquiring a 20% equity stake in Isracard, one of the country’s largest credit card and payment companies. The US$12 million investment aims to deepen customer engagement, enhance brand loyalty, and drive growth in Israir’s passenger base through integrated financial offerings.
Bamboo Airways, one of Vietnam’s rising full-service carriers, has initiated a five-year strategic plan covering 2025 through 2030, aimed at achieving long-term financial sustainability and operational profitability. The carrier is actively working with strategic investors and consulting partners to guide this transition and prepare for its next phase of expansion.
Mikhail Minaev, the former fleet planning director at Aeroflot, is facing criminal charges over an alleged US$48.7 million fraud scheme related to aircraft leasing contracts. The case involves leasing transactions for 28 Airbus A320 and A321 aircraft signed between 2016 and 2018, when Minaev held a senior position in the airline’s fleet acquisition division.
Magnetic Line, a Netherlands-based MRO services provider and part of Magnetic Group, has entered into a two-year line maintenance agreement with Oman Air. The contract covers support for the airline’s Boeing 787-9 Dreamliner operations powered by GEnx engines, based out of Amsterdam Schiphol Airport, effective from 01 July 2025.
Xiamen Airlines, one of China’s major regional carriers, has received a Boeing 737-8, bearing manufacturer serial number 43840, equipped with LEAP-1B engines. This delivery further strengthens the airline’s strategy of upgrading its narrowbody fleet for enhanced fuel efficiency and improved operating economics.
Wizz Air, the Hungary-based ultra-low-cost carrier, is currently engaged in discussions with Airbus to modify its existing order for 47 A321XLR aircraft, considering a partial conversion to the A321neo variant. The update was disclosed by CEO József Váradi, reflecting the airline’s evolving operational requirements and strategic focus.
WestJet, one of Canada’s leading airlines, has formally issued a request for proposals (RFP) for the operating lease and pre-delivery payment (PDP) financing of 46 Boeing 737 MAX aircraft. The RFP reflects WestJet’s aggressive forward-looking fleet expansion and renewal strategy as it seeks to modernize its narrowbody aircraft offering.
Shandong Airlines, a regional carrier based in China, has taken delivery of a new Boeing 737-8, carrying manufacturer serial number 61456 and powered by LEAP-1B27 engines. The aircraft enhances the airline’s growing narrowbody fleet and supports its long-term commitment to operational efficiency and lower environmental impact.
