FitsAir, a prominent carrier from Sri Lanka, has announced the launch of a new Colombo to Thiruvananthapuramroute starting December 24, 2024. The service will be operated using Airbus A320 aircraft, marking an important step in enhancing regional connectivity between Sri Lanka and India.
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The Moscow Arbitration Court has issued an order requiring Yakutia Airlines, a Russian carrier, to pay $2.6 million to VTK-Avia as part of a partial settlement in a debt recovery case. The case centers on a 2017 lease agreement for two SSJ100 aircraft, with VTK-Avia seeking compensation for unpaid dues under the lease terms. This ruling marks a significant step in resolving a longstanding financial dispute, with…
De Havilland Aircraft of Canada has announced the sale of a DHC8-400 turboprop aircraft to Barrick Gold, a leading international mining company. The aircraft will be utilized to support the company’s operational activities in Pakistan, providing essential regional connectivity and logistics in remote locations tied to its mining ventures.
Fitch Ratings has revised its outlook on United Airlines, moving it from Stable to Positive, while affirming the airline’s Long-Term Issuer Default Rating (IDR) at ‘BB-’. This change reflects Fitch’s confidence in United Airlines’ improved financial stability and growth prospects, as the airline continues to recover post-pandemic and strengthen its market position in the competitive…
Breeze Airways is finalizing preparations to take delivery of a new Airbus A220-300, further expanding its modern and fuel-efficient fleet. The upcoming aircraft, bearing manufacturer serial number (MSN) 55300, underscores the airline’s ongoing growth strategy and commitment to providing a premium yet affordable travel experience.
Flair Airlines has completed its executive leadership team by appointing three seasoned internal leaders to key C-suite roles. The move underscores the airline’s ongoing transformation and ambition to solidify its position as Canada’s leading ultra-low-cost carrier.
Kenya Airways has secured critical financial relief as its 2024 annual report reveals the Kenyan government granted a waiver on both interest and principal repayments through June 2025. This move aims to ease the ongoing financial pressures faced by the national carrier, which has been battling persistent losses and high operational costs.
