Albastar (Spain) is in the final phase of its sale process, having opted to sell 100% of the airline rather than pursue a partial equity partnership. The strategic shift comes after the expression of interest (EOI) stage yielded three concrete offers, each reportedly valuing the carrier at approximately US$55 million.
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Spirit Airlines is set to furlough approximately 330 pilots on January 31, 2025, as part of an ongoing cost-cutting strategy aimed at shoring up its finances amid a challenging aviation market. This latest round of furloughs follows an initial cut in September 2024, which saw 186 pilots furloughed. Additionally, Spirit plans to downgrade 120 captains…
Thai Airways International has successfully completed the issuance of 5.1 billion additional common shares, a significant step in its business rehabilitation plan and capital restructuring efforts. This move aims to fortify the airline’s financial stability as it continues its recovery from financial challenges and positions itself for long-term sustainability.
T’way Air (South Korea) is strengthening its maintenance and operational readiness by introducing additional spare LEAP-1B27 engines as part of its expanded safety investment initiative. This move aligns with the airline’s fleet expansion plan, which targets a total of 20 Boeing 737-8 aircraft by the end of 2027.
Air India Faces Heavy Losses After 787 Crash, marking a major setback in the flag carrier’s turnaround efforts following a turbulent year shaped by a fatal accident, regulatory scrutiny, and mounting operational challenges.
I Fly Airlines (Russia) has reported a significant threefold increase in revenue for the first quarter of 2025, reaching over US$23 million, largely driven by the ongoing wet lease of three A330 aircraft to fellow Russian carrier Aeroflot. This leasing arrangement has provided a stable revenue stream for I Fly and underscores the growing interdependence between carriers in the Russian market as…
ITA Airways, Italy’s flag carrier, reported revenues of $3.5 billion for the full year 2024, representing a 26% increasecompared to the previous year, driven by expanded route offerings and improved passenger volumes. Despite this revenue growth, the airline recorded a net loss of $256.6 million, highlighting continued operational challenges and restructuring costs.
