FlyArystan, Kazakhstan’s first low-cost carrier, has initiated an independent investigation into financial irregularities after its management uncovered evidence of fund theft. The airline has contacted an external audit company to carry out a comprehensive review and provide clarity on the situation.
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SolitAir, a UAE-based startup carrier, is poised to take delivery of its first dry-leased Boeing B737-800F shortly after it receives its Air Operator Certificate (AOC) later this month. The freighter will mark the beginning of the airline’s ambitious plan to build a fleet of 10 freighters by mid-2026.
Spectre Cargo Solutions (US), through its Irish affiliates, has accused SpiceJet (India) of removing engines from leased Boeing 737 freighters (B737Fs) in what it claims is a breach of lease agreements. The allegations add to the ongoing challenges faced by SpiceJet regarding its leased aircraft management and operational practices.
Air Canada has finalized a new tentative collective agreement with the International Association of Machinists and Aerospace Workers (IAMAW), targeting stability for the technical operations, maintenance, and operational support workforce.
Lufthansa, Germany’s flagship airline, is intensifying its efforts to raise liquidity by the end of 2024 through the sale/leaseback (SLB) of an additional nine A320neo and A321neo aircraft. This financial strategy allows Lufthansa to free up cash while retaining operational use of these aircraft, supporting the airline’s liquidity needs amidst ongoing market pressures. Lufthansa has previously employed this approach, raising $247 million during…
PLAY Airlines, the Iceland-based low-cost carrier, has reported a net loss of US$26.8 million for the first quarter of 2025, as operating revenues declined 8%, totaling US$46.4 million. The carrier ended the quarter with a cash position of US$21.1 million, reflecting tighter financial conditions amidst softer demand.
Avion Express, a leading Lithuanian ACMI and charter operator, has entered into a strategic partnership with PLAY, the low-cost Icelandic airline, for the summer 2025 season. This collaboration signals PLAY’s intent to scale up seasonal capacity while leveraging Avion Express’s operational flexibility and aircraft availability. Although specific terms and fleet assignments have not been publicly disclosed, the…
