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Capital A Appoints Pattra Boosarawongse as Deputy CEO

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Capital A, the Malaysia-based parent company of AirAsia, has announced the promotion of its Chief Financial Officer, Pattra Boosarawongse, to the position of Deputy CEO, effective 1 November 2024. This appointment reflects Capital A’s recognition of Boosarawongse’s contributions and expertise, particularly in financial strategy and organizational leadership. As Deputy CEO, Boosarawongse is expected to play an expanded role in driving Capital A’s strategic goals and overseeing its diverse operations.

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Phoenix Aviation Capital Secures $240 Million Term Loan

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Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.

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Aeolus Engine Services Schedules Winding Up Petition Hearing Against Dana Air

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Aeolus Engine Services, an Irish aviation services provider, is set to appear before the Federal High Court of Nigeria on 18 November 2024 for a hearing regarding its Winding Up petition against Dana Air, a Nigerian airline. The petition follows lease arrears accumulated by Dana Air, prompting Aeolus to pursue legal action in an effort…

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ITA Airways Chairman Awaits Lufthansa Group Acquisition Approval

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ITA Airways (Italy) chairman Antonino Turicchi has expressed optimism that the airline will secure final approval for its acquisition by Lufthansa Group (Germany) from the European Commission (EC) before the end of 2024. This approval marks a critical step in solidifying Lufthansa’s stake in the Italian national carrier.

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Air China Reports Strong Growth in November 2024 Metrics

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Air China, one of China’s leading airlines, reported robust growth in its operational metrics for November 2024. The airline recorded a 17.5% increase in passenger numbers, reaching 10.4 million travelers. Key performance indicators such as Revenue Passenger Kilometers (RPKs), Available Seat Kilometers (ASKs), and load factor (LF) also showed notable improvements, highlighting the airline’s strong recovery and operational efficiency.