Aegean Airlines, Greece’s flagship carrier, has announced its financial results for the first nine months (9M) of 2024, showing mixed performance. The airline reported a 4% increase in consolidated revenue, reaching $1.46 billion, compared to the same period last year. However, its profit after tax fell by 23%, amounting to $139.9 million. Additionally, the company disclosed $807 million in cash, cash equivalents, and other financial…
ITA Airways, the national airline of Italy, has announced the launch of a new route from Rome Fiumicino to Tripoli Mitiga in Libya, set to begin on January 12, 2025. This route will be operated with an Airbus A319, which is well-suited for short to medium-haul flights and provides an efficient and comfortable experience for passengers. The new route reflects ITA Airways’ strategy…
Tunisair, Tunisia’s national carrier, has appointed Halima Khawaja as its new CEO as part of a broader management shakeup and restructuring effort aimed at improving the airline’s operations and financial performance. Khawaja steps into her role with a mandate to guide Tunisair through this critical period, focusing on streamlining processes and optimizing the carrier’s organizational structure to address long-standing challenges.
Royal Jordanian has announced it will begin taking delivery of its new A320neo fleet starting January 2025. The airline has committed to introducing 16 A320neo aircraft to its operations, with these additions set to gradually replace 13 older A320 models as part of a modernization strategy. This transition supports Royal Jordanian’s goals for operational efficiency and sustainability by incorporating fuel-efficient A320neo jets into…
Lufthansa has entered into a $400 million sale-leaseback agreement with an undisclosed lessor, covering three Airbus A321neo and five A320neo aircraft currently operated by Eurowings, its subsidiary in Germany. This strategic move provides Lufthansa with increased flexibility and liquidity while retaining operational control of these modern, fuel-efficient aircraft within the Eurowings fleet.
BOC Aviation, headquartered in Singapore, has announced the placement of six Airbus A321neo aircraft with Turkish Airlines. All six aircraft will be delivered in 2027 as part of BOC Aviation’s order book, marking a significant addition to Turkish Airlines’ fleet expansion plans. This agreement underscores the commitment of both companies to bolster their respective positions in the global aviation market.
Royal Jordanian Airlines, Jordan’s national carrier, may turn to its government shareholder for financial support if the ongoing Israel-Gaza conflict extends significantly into 2025. Despite the challenges posed by regional instability, Royal Jordanian remains committed to expanding its route network and pursuing fleet renewal initiatives. The airline’s proactive approach underscores its commitment to growth, even as external pressures increase the complexity…
airBaltic, the Latvian national airline, has reported a net profit of $42.7 million for the third quarter of 2024, an impressive result supported by an 8% increase in revenue to $250 million. This growth in revenue highlights the airline’s successful strategies in optimizing operational efficiency and expanding its network within Europe. With strong results in Q3, airBaltic now anticipates full-year…
Surinam Airways has announced that it will continue to operate its Paramaribo – Amsterdam route using a leased A340-600 from USC Germany. This arrangement is set to remain in place until at least January 15, 2025, as the airline ensures service continuity on this popular transatlantic route. The A340-600, known for its long-range capabilities and spacious cabin, will support Surinam Airways in…
Lufthansa has announced plans to resume its Frankfurt to Bydgoszcz service starting on April 27, 2025. The route will be operated using a CRJ900 aircraft, offering improved connectivity between Germany and Poland for both business and leisure travelers. The reintroduction of this route reflects Lufthansa’s commitment to expanding its network and meeting demand for regional connections within Europe.
