On February 11, 2025, airBaltic held a shareholders’ meeting where Andrejs Martinovs and Lars Mydland were elected to the Supervisory Board. Martinovs will serve as Chairman, while Mydland will take on the role of Vice Chairman.
Air France CEO Anne Rigail has raised concerns over the French government’s 2025 budget, which includes a sharp increase in the solidarity tax on airline tickets. She warns that this move could lead to a $100 million revenue decline, impacting the airline’s profitability and competitiveness.
Boeing has reported 45 aircraft deliveries for January 2025, making it the company’s busiest January in recent years. Among these deliveries, 40 were B737 MAX, including seven aircraft to unidentified Chinese airlines.
Volotea has reaffirmed its long-term goal of going public, with CEO Carlos Muñoz stating that the company is now “IPO-ready” but is not in a rush to proceed.
Archer Aviation, a U.S.-based aerospace company specializing in electric vertical takeoff and landing (eVTOL) aircraft, has announced the successful raise of $301.75 million in equity capital. This funding round saw participation from leading institutional investors, notably funds and accounts managed by BlackRock. The infusion of capital brings Archer’s total liquidity to approximately $1 billion, further…
Sun Country Airlines has announced a secondary public offering of 6,346,105 shares of its common stock, sold by an affiliate of Apollo Global Management. This offering represents all remaining shares held by the selling stockholder, marking Apollo’s full exit from its investment in the airline.
Skymark Airlines reported a 25.8% decline in net income for the nine-month period ending December 2024, despite a 4.5% increase in operating revenues. The airline attributed the drop in profitability to rising operational costs, including higher fuel expenses, increased labor costs, and adjustments to fleet operations.
Plus Ultra Líneas Aéreas, a Spanish airline, is preparing to make its initial repayment of $19 million in 2026 towards the $54 million loan it received from Spain’s Sociedad Estatal de Participaciones Industriales (SEPI) during the COVID-19 pandemic.
Lanexang Airways has secured $15 million in funding from Lao Development Bank to support its expansion strategy, focusing on developing new flight routes starting from the second half of 2025.
Akasa Air is securing additional funding from a group of high-profile investors, including the investment offices of Azim Premji and Ranjan Pai, along with wealth management firm 360 ONE and the Jhunjhunwala family. The financial terms of these investments have not been publicly disclosed.
