Pegasus Airlines, a prominent low-cost carrier from Turkiye, has reported a 19% increase in net profit for the third quarter of 2024, totaling $322 million. However, despite the strong quarterly performance, the airline’s net profit for the first nine months of 2024 saw a slight decline, falling 3% to $332 million. These figures reflect Pegasus Airlines’ adaptability and focus on profitability, even amidst…
Levu Air Cargo, a Brazilian air cargo carrier, has achieved a major milestone by obtaining its Air Operator Certificate (AOC). This certification allows Levu Air Cargo to legally operate flights within Brazil and marks an important step in the company’s growth strategy. As it moves forward, the airline is now preparing to take delivery of its second…
Skymark Airlines, based in Japan, has announced a delay in the start of delivery for six leased Boeing 737-8 aircraft, now expected to arrive after the first quarter of 2026 due to production delays. Despite this setback, Skymark’s plans to purchase an additional three B737-8s and three B737-10s for delivery in fiscal 2026-27 remain on schedule. The airline is actively managing its fleet strategy…
Albastar, a Spanish airline known for its charter and leisure flights, has announced plans to renew and expand its fleet of Boeing 737-800 aircraft. This strategic move aims to enhance Albastar’s reach across Europe and strengthen its operational capabilities to meet growing demand. By investing in the B737-800, Albastar aligns itself with a reliable aircraft model well-suited for…
BermudAir has successfully raised an additional $2 million through a tokenized bond issuance, bringing the total funding raised from this initiative to $3 million since May 2024. The Bermuda-based airline initially garnered $1 million earlier this year, and this latest funding round will bolster BermudAir’s ambitions to expand its fleet and add new routes, positioning it for growth in the…
Riyadh Air, Saudi Arabia’s new national carrier, is reportedly working towards finalizing a major aircraft acquisition involving the Boeing B777X or the Airbus A350-1000 by the second quarter of 2025. This potential fleet expansion was disclosed by CEO Tony Douglas, who emphasized Riyadh Air’s commitment to establishing a modern, long-haul fleet capable of meeting future growth objectives.
Frontier Airlines, a US-based low-cost carrier, has arranged to finance nine A321neo aircraft through a sale/leaseback agreement with Avolon (Ireland). Under the terms of the deal, the lease will span 12 years, with an option to extend for an additional two years, offering Frontier flexibility in fleet management and long-term operational planning.
China Airlines of Taiwan is reportedly close to finalizing a decision to split its upcoming multi-billion-dollar order for 20 widebody aircraft between Boeing’s B777X and Airbus’ A350-1000. This order is aimed at replacing the airline’s 10 aging B777-300ERs while also providing additional capacity for projected growth in passenger demand.
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…
Skyward Express, a Kenyan regional airline, has expanded its fleet with the recent acquisition of a Fokker 70 (F70)aircraft, identified by serial number 11561. This addition comes as part of Skyward Express’s strategy to increase its service capacity within Kenya and neighboring regions, catering to rising demand for reliable regional air travel. The F70 is a robust…
