Aurigny, the flag carrier of Guernsey, has reported a net loss of $8.7 million for the year 2024, attributing the deficit largely to increased wet lease expenses and continuing global supply chain issues. These financial headwinds have posed significant operational challenges for the regional airline, which serves routes between the Channel Islands and the UK mainland.
Air Serbia has announced its expectations for 2025, forecasting that the airline will carry over 4.7 million passengersduring the calendar year. Accompanying this ambitious traffic target, the airline projects revenue to surpass $806 million, a significant step forward from its previous benchmarks and a strong indication of its growing market presence and operational momentum.
Sabena technics, a leading French independent MRO provider, has signed a Memorandum of Understanding (MOU)with Aer Lingus, Ireland’s flag carrier, to provide comprehensive base maintenance and aircraft enhancements for the airline’s Airbus A330 fleet. The work will be carried out at Sabena technics’ Bordeaux facility over a three-year period from 2026 to 2029.
Air Canada has released preliminary results for its recently concluded substantial issuer bid, part of its ongoing efforts to enhance shareholder value and optimize capital structure. The airline had invited shareholders to tender their Class A Variable Voting Shares and Class B Voting Shares, offering to buy back up to $436 million worth of shares at prices ranging from $13.40 to…
Aeroflot Group has posted a robust financial performance for the first quarter of 2025, with revenues climbing 9.6% year-on-year to reach $2.4 billion. This growth reflects a rebound in international travel, higher load factors, and increasing passenger numbers across its domestic and global networks.
Turkish Airlines is actively evaluating a potential investment in Air Europa, with intentions to submit a bid for a minority stake in the Spanish carrier. This move aligns with Turkish Airlines’ broader strategy of expanding its European footprint and securing a stronger presence in the Iberian Peninsula. The development comes amid a competitive bidding process, with binding offers due in…
Malaysia Airlines has taken delivery of a new Airbus A330-900, bearing manufacturer serial number (MSN) 2097, as part of its widebody fleet renewal strategy. The aircraft is powered by Rolls-Royce Trent 7000-72 engines and has been acquired under a lease agreement, signaling the carrier’s shift toward next-generation fuel-efficient long-haul aircraft.
EgyptAir, the national flag carrier of Egypt, has confirmed a firm order for an additional six Airbus A350-900 aircraft as part of its ongoing long-haul fleet modernization and expansion strategy. This new commitment brings EgyptAir’s total order for the A350-900 to 16 aircraft, positioning the airline for improved operational efficiency and enhanced passenger experience on international routes.
KDB Industrial Bank, a leading South Korean state-owned financial institution, has confirmed its intention to divest its 10.58% equity stake in Hanjin KAL, the parent company of Korean Air, once the pending merger between Korean Air and Asiana Airlines reaches its conclusion. The earliest timeline for this divestment is projected to be late 2026, depending on regulatory approvals and finalization of the…
Turkish Airlines has further expanded its narrowbody fleet with the leased delivery of an Airbus A321neo, bearing manufacturer serial number (MSN) 12577. The aircraft is powered by Pratt & Whitney PW1133G-JM geared turbofan engines, known for their superior fuel efficiency and environmental performance.
