Sun Country Airlines has announced a secondary public offering of 6,346,105 shares of its common stock, sold by an affiliate of Apollo Global Management. This offering represents all remaining shares held by the selling stockholder, marking Apollo’s full exit from its investment in the airline.
Please SUBSCRIBE to view the full content.
Free trial available — 7 days on Monthly, 30 days on Annual!
El Al, Israel’s flagship carrier, is engaging in discussions with the Israeli government to relax the restrictions imposed on the airline as a condition for receiving state aid during the pandemic. In exchange, the airline is proposing a gradual reduction in the government’s participation in its security expenses.
Air France-KLM has released its financial results for the first quarter of 2025, revealing a net loss of US$283.6 million, despite an encouraging 7.7% increase in revenues, which totaled US$8.2 billion. The group’s liquidity position remains strong, with US$10.5 billion in available cash, providing resilience amid fluctuating operating conditions.
A tragic incident involving a Swiftair B737-400F has occurred at Vilnius Airport. The aircraft, operating on behalf of DHL (Germany), impacted a building prior to landing. The accident resulted in the death of one crew member and caused substantial damage to the aircraft, serial number 24445.
Vueling, a prominent low-cost airline, has expanded its fleet with the addition of a leased Airbus A320, serial number 2911. This new aircraft, powered by V2527-A5 engines, will support Vueling’s operations on its high-demand short-haul routes.
T’way Air Co., Ltd., a prominent South Korean low-cost carrier, has announced its financial results for the year ending December 31, 2024. The airline reported sales totaling $1.0 billion, a 13.9% increase compared to the previous year. However, the company also recorded a net loss of $41.5 million, underscoring the persistent challenges faced by the aviation industry amid fluctuating…
WestJet, the Canadian carrier, has officially launched nonstop service between Toronto and Grenada, starting on 15 December 2024. This new route connects Canada’s largest city with the Caribbean destination, catering to growing demand for leisure travel to Grenada.
