Cargojet, a leading Canadian cargo airline, has announced its decision to redeem in full all of its outstanding 5.75% senior unsecured hybrid debentures on December 27, 2024. The debentures, originally scheduled to mature on April 30, 2025, will be repaid earlier than anticipated as part of Cargojet’s strategic financial management plan. This move underscores the company’s focus on maintaining…
CAE has announced that its President and CEO, Marc Parent, will be leaving the company at its Annual General Meeting in August 2025. Parent’s departure is part of an ongoing succession plan designed to ensure a smooth leadership transition for the Canadian aerospace and training company. Parent has been a pivotal figure in CAE’s growth and innovation, leading the company through transformative…
Chorus Aviation, based in Canada, reported a 7.4% increase in net income for the third quarter of 2024, reaching $13.2 million. Despite this gain, the company experienced a 9.5% decrease in operating revenue, which fell to $246.4 million. These mixed results reflect ongoing adjustments in the aviation sector and Chorus Aviation’s efforts to maintain profitability.
Australia has secured Open Skies agreements with both Canada and Malaysia, granting airlines from these countries unrestricted rights to operate air passenger services to and from Australia starting in 2026. These agreements mark a significant shift in Australia’s aviation landscape, aiming to enhance connectivity and boost competition on international routes. The Open Skies policy is designed to promote greater accessibility, allowing airlines to operate…
Sunwing Airlines, a Canadian low-cost carrier, has bolstered its fleet with the addition of a Boeing 737-800, serial number 39922, acquired on a wet lease from TUI Airways in the United Kingdom. This aircraft comes equipped with CFM56-7B27E engines, known for their efficiency and reliability, which aligns with Sunwing’s operational goals of providing dependable and cost-effective air travel. The wet…
Rise Air, a Canadian regional carrier, is set to enhance its fleet with the addition of three ATR72-600 aircraft, each equipped with PW127XT engines. The first ATR72-600 is on firm order with ATR, the aircraft manufacturer, and is expected to be delivered by the end of 2025. Rise Air also plans to lease two additional ATR72-600s, scheduled for delivery…
Hainan Airlines has announced the resumption of its Beijing Capital–Toronto route, set to begin on 10 November 2024. This service will be operated by the Boeing 787-9, a modern, fuel-efficient aircraft well-suited for long-haul routes. The return of this route reinforces Hainan Airlines’ commitment to restoring its international network and supporting connectivity between China and…
Cargojet, Canada’s premier air cargo carrier, has reported strong financial results for the third quarter of 2024, with total revenue rising by 14.8% to $176.6 million. The company also achieved a remarkable 182.9% increase in net earnings, reaching $21.3 million, underscoring Cargojet’s resilience and efficiency in a competitive market.
Cargojet, a leading Canadian air cargo carrier, has announced that the Toronto Stock Exchange (TSX) has accepted its notice to renew the company’s normal course issuer bid, allowing Cargojet to repurchase a portion of its common and variable voting shares. This renewal enables Cargojet to buy back up to 1,500,000 shares, with the program set…
Air Canada has outlined an ambitious fleet expansion plan, expecting the delivery of 90 new aircraft over the next five years. This comprehensive addition will include a mix of aircraft types aimed at enhancing the airline’s operational capabilities and meeting growing passenger demand. The upcoming deliveries include two Boeing 767-300ERs re-entering the fleet in 2025,…
