Boeing has reported a challenging financial year for 2024, with a 14% drop in revenue to $66.5 billion and a net loss of $11.8 billion. In the fourth quarter, the company faced a 31% revenue decline to $15.2 billion, accompanied by a net loss of $3.86 billion.
Jackson Square Aviation (JSA), a leading US-based aircraft lessor, has announced the completion of a sale and leaseback agreement with Cebu Pacific Air, the Philippines’ largest low-cost carrier. The deal includes one A330neo and seven A321 aircraft, finalized in December 2024. Additionally, a second A330neo is scheduled for delivery in the first half of 2025.
Scoot, the low-cost arm of the Singapore Airlines Group, has announced two exciting additions to its route network. The airline will launch flights from Singapore to Vienna starting on June 3, 2024, operated by the Boeing 787-8 Dreamliner, and flights to Iloilo City in the Philippines on April 14, 2025, served by the Embraer E190-E2.
Arajet, the Dominican Republic’s pioneering low-cost airline, is currently facing challenges due to delays in the delivery of five Boeing 737 MAX aircraft. These delays are part of broader production issues affecting Boeing’s 737 MAX deliveries globally.
Airbus has announced its 2024 performance, reporting the delivery of 766 commercial aircraft to customers worldwide. The year also saw 878 gross orders and 826 net orders, reflecting strong demand across its product range.
Vietjet (Vietnam) has successfully issued seven bonds in 2024, amounting to a total face value of $433 million. Each bond carries a 60-month term and offers an 11% annual interest rate, reflecting the company’s strategic move to bolster its financial foundation and support future growth initiatives.
JD Airlines (China) has taken delivery of its tenth Boeing 737-800BCF, with serial number 30709, marking the completion of its 2024 deal with AerCap (Ireland) for four converted freighter aircraft. This delivery solidifies JD Airlines’ position as a key player in the burgeoning air cargo market in China.
Embraer, a leading Brazilian aerospace manufacturer, delivered 75 aircraft in the fourth quarter of 2024, maintaining the same output as in the corresponding period of 2023. For the full year, Embraer delivered a total of 206 aircraft, representing a 14% year-over-year increase compared to 2023.
CDB Aviation, a global leader in aircraft leasing based in Ireland, has released its performance highlights for 2024, showcasing impressive growth and strategic milestones. Over the year, the company executed 36 transactions involving 70 new and used aircraft, reflecting its robust operational activity and commitment to meeting market demand.
Norwegian Group reported a total of 1.8 million passengers for December 2024, with 1.4 million traveling on the mainline unit and 293,000 flying with its subsidiary, Wideroe. Over the course of the year, the Group transported more than 26.4 million passengers, marking a significant recovery in travel demand across its network.
