China Southern Airlines has issued a forecast anticipating a net loss ranging from US$187 million to US$245 millionfor the first half of 2025. The announcement signals a challenging start to the year for one of China’s largest carriers, as lingering structural issues and macroeconomic headwinds continue to impact profitability.
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Willis Lease Finance Corporation (NASDAQ: WLFC), a leading lessor of commercial aircraft engines and global aviation services provider, announced its financial results for the first quarter ended March 31, 2025. The company reported record quarterly revenue of $157.7 million, marking a 32.5% increase compared to the same period in 2024. Pre-tax income for the quarter was $25.3…
Air Peace, a leading airline based in Nigeria, has expanded its fleet with the addition of two Boeing 737-800 aircraft, identified by serials 38173 and 29636. Both aircraft are on a damp lease from AirExplore, a Slovakian airline, and are equipped with CFM56-7B26 engines, known for their reliability and fuel efficiency. This acquisition supports Air Peace’s commitment to enhancing capacity and operational efficiency across its…
Moody’s has recently announced a significant downgrade of the corporate family rating for Azul (Brazil), reducing it from Caa2 to Ca. This move by the rating agency reflects increasing concerns about the airline’s financial position and overall risk profile. The downgrade also extends to Azul Secured Finance and Azul Investments, underscoring the broader impact across the group’s financial entities.
Delta Air Lines is advancing its fleet modernization strategy with the upcoming delivery of a new Airbus A321neo. The aircraft, identified by manufacturer serial number (MSN) 12694, is powered by a pair of Pratt & Whitney PW1133G-JM geared turbofan engines, offering improved fuel efficiency and reduced emissions compared to older-generation narrowbodies.
Arik Air, one of Nigeria’s prominent airlines, has publicly denied claims made by the Asset Management Corporation of Nigeria (AMCON) regarding an alleged debt of $292 million owed to the corporation. The shareholders’ statement comes just two days after AMCON announced that liquidation of the airline remains a possible option.
BOC Aviation (Singapore) has released details of its transactions for the fourth quarter of 2023 and its projections for 2024, highlighting strong growth and activity across its operations.
