Jazeera Airways, Kuwait’s leading low-cost carrier, has reported a substantial increase in its financial performance for the year 2024. The airline achieved a net profit of US$33.1 million, marking a 66.2% rise compared to the previous year. Operating revenue also saw an uptick, growing by 5.3% to reach US$677.7 million.
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China Southern Airlines is preparing to take delivery of a new Boeing 737-8 MAX, part of its ongoing strategy to strengthen narrowbody operations across its domestic and regional network. The aircraft, identified as MSN 65250, will soon join the carrier’s fleet as it continues modernizing with next-generation equipment.
Pivot Airlines (Canada) has announced the appointment of Scott Monsen as its new Chief Financial Officer (CFO), bringing extensive financial expertise to the airline. Monsen’s role will focus on enhancing financial strategy, optimizing operational costs, and supporting Pivot Airlines’ growth objectives.
Zela Aviation (Cyprus) has successfully facilitated an ACMI partnership between Air Peace (Nigeria) and AirExplore(Slovakia). The agreement will see the lease of four aircraft from AirExplore to Air Peace for operations during the winter 2024/25 season.
MASkargo, the cargo division of Malaysia Aviation Group, has expanded its European footprint by appointing FlyUsas its general sales and service agent (GSSA) in France. This new partnership is aimed at strengthening MASkargo’s cargo sales, marketing, and customer support capabilities within one of Europe’s key aviation markets.
Archer Aviation, a U.S.-based aerospace company specializing in electric vertical takeoff and landing (eVTOL) aircraft, has announced the successful raise of $301.75 million in equity capital. This funding round saw participation from leading institutional investors, notably funds and accounts managed by BlackRock. The infusion of capital brings Archer’s total liquidity to approximately $1 billion, further…
Southwest Airlines has taken delivery of a new Boeing 737-8, bearing serial number 42584. The aircraft is powered by LEAP-1B28 engines and is part of the airline’s ongoing fleet expansion to enhance operational efficiency and network capacity.
