El Al Airlines (Israel) has reached an agreement with the Israeli government to increase its financial contributiontoward security costs, starting in 2025. The new arrangement will gradually increase El Al’s share of these expenses, with the airline projected to pay approximately $10 million annually under the revised terms.
Turkish Airlines has made significant progress in reducing the number of grounded aircraft, with a decrease of ten in its fleet. The airline remains optimistic that additional aircraft will return to service in 2026, helping to stabilize operations amid ongoing supply chain and maintenance challenges.
Qatar Airways is set to announce a major widebody aircraft order in April 2025, as part of its ongoing fleet expansion and modernization strategy. The order is expected to enhance the airline’s long-haul capabilities, ensuring continued operational efficiency and network growth.
Czech Airlines has taken delivery of an Airbus A220-300, serial 55330, which will be operated by parent company Smartwings. The aircraft is powered by PW1500G engines, adding a new-generation, fuel-efficient narrowbody to its fleet. Aircraft Details Strategic Importance The A220-300 enhances Czech Airlines’ operational efficiency, offering improved fuel consumption and lower emissions. With Smartwings managing operations, the aircraft will support network expansion and fleet modernization.
Aircraft Engine Lease Finance (US) has acquired an Airbus A330-300, serial 1754, currently on lease to South African Airways (SAA). The acquisition expands the company’s widebody leasing portfolio.
Aeroflot Group (Russia) has announced a net profit of $618 million for the 2024 financial year, with total revenue reaching $9.6 billion. The results highlight Aeroflot’s strong financial rebound, driven by revenue growth, fleet optimization, and sustained passenger demand.
LOT Polish Airlines has announced plans to source additional Boeing 787 Dreamliners from the secondary market, as production backlogs and limited delivery slots prevent the airline from receiving new aircraft before the next decade. This move reflects LOT’s strategy to expand its long-haul fleet, ensuring continued growth despite supply chain constraints affecting new aircraft availability.
Aviation Capital Group (ACG), a global aircraft leasing company, has announced the delivery of an Airbus A350-900 to Air France. The aircraft, powered by Rolls-Royce Trent XWB engines, has been placed on a long-term lease as part of a multiple-aircraft sale-leaseback (SLB) agreement between ACG and Air France. This transaction aligns with Air France’s ongoing efforts to modernize its fleet with newer,…
Turkish Airlines, Turkey’s national carrier, has announced its financial results for 2024, reporting revenue of $22.5 billion and a net profit of $3.4 billion, marking a 17% increase compared to the previous year. The airline’s cash and cash equivalents reached $1.87 billion, underscoring its robust liquidity and financial stability.
Avation PLC, a Singapore-based commercial passenger aircraft leasing company, has announced an agreement to acquire an Airbus A320 aircraft currently leased to Etihad Airways. This strategic acquisition is expected to finalize in March 2025, subject to customary closing conditions, and is set to enhance Avation’s narrow-body aircraft portfolio while diversifying its revenue streams.
