Volga-Dnepr Group (Russia) has initiated a lawsuit against Canadian authorities over the sanctions and seizure of its An-124-100 aircraft in Toronto. The aircraft, which has been grounded in Canada since sanctions were imposed, is now at the center of a legal and diplomatic dispute.
Cargojet (Canada) reported a strong financial performance for 4Q 2024, with total revenue rising 32.1% to $206.7 million and net earnings reaching $50.2 million. The company’s full-year 2024 revenue grew 14.1% to $705 million, with net earnings of $108.4 million and net cash reserves of $231.7 million.
Porter Airlines (Canada) has announced the addition of a new route between Toronto Pearson International Airport (YYZ) and New York LaGuardia Airport (LGA), with flights set to commence on 1 May 2025. The airline will operate the route with the Embraer E195-E2, expanding its footprint in the Canada-US market.
WestJet, Canada’s leading low-cost carrier, has unveiled a new seasonal service connecting Calgary (YYC) and New York LaGuardia (LGA). This route will operate between May 24 and August 30, 2025, providing a direct link between Western Canada and one of the world’s most iconic cities.
American Airlines, a leading US carrier, has unveiled plans to launch a new seasonal route connecting New York LaGuardia Airport (LGA) and Calgary International Airport (YYC). The service is scheduled to commence on June 7, 2025, and will be operated using the Boeing 737-8 aircraft.
Cargojet, a leading Canadian cargo airline, has announced that its Chief Financial Officer, Scott Calver, is on medical leave until further notice. In his absence, Sanjeev Maini, Vice President of Finance, has been appointed as the acting CFO, ensuring continuity in the company’s financial leadership.
Porter Aircraft Leasing (Canada) has entered into sale and leaseback financing agreements with Avolon (Ireland)for four PW1921G engines. These engines are slated for delivery in 2025 and 2026 and will support Porter’s ongoing acquisition of E195-E2 aircraft.
PAL Airlines (Canada) has expanded its fleet with the delivery of a Q400 aircraft, bearing serial number 4240. The aircraft is powered by PW150A engines, which are renowned for their reliability and fuel efficiency, making them ideal for regional operations.
Aergo Capital (Ireland) has completed the sale of three DHC8-400 aircraft to Avmax Aircraft Leasing (Canada). The aircraft, with serial numbers 4323, 4332, and 4380, are part of Aergo Capital’s strategic fleet management, demonstrating its ability to successfully transition assets to new owners.
Nordic Aviation Capital (Ireland), a global leader in regional aircraft leasing, has successfully executed a lease agreement with Rise Air (Canada) for two ATR72-600 aircraft. This agreement supports Rise Air’s strategy to expand its regional connectivity and improve service efficiency across its network.
