Aeroflot, the Russian flag carrier, has successfully issued three-year exchange bonds with a variable coupon structure, securing $555 million in funding. The issuance marks a significant financial maneuver amid challenging economic conditions and evolving market dynamics for Russian carriers.
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Ryanair, the Irish low-cost airline, has shared projections that Boeing will increase the monthly production rate of its B737 MAX aircraft to 38 units by the end of summer 2025. Additionally, production could climb to 42 units per month by October 2025, subject to approval from the Federal Aviation Administration (FAA).
WestJet, the Canadian low-cost and leisure airline, has expanded its narrowbody fleet with the delivery of a Boeing B737-800, serial number 39959, which is powered by CFM56-7B26 engines. The aircraft has been added to the airline’s fleet on lease, as part of its ongoing growth and fleet renewal strategy.
TUI (Germany) has officially welcomed Amber Pine as its new Chief Marketing Officer Markets + Airline, with the appointment effective from 24 April 2025. Pine’s role will focus on enhancing TUI’s marketing initiatives and driving its global brand presence.
Qantas (Australia) has announced that it expects to take delivery of its first Airbus A321XLR in April 2025. This aircraft is part of an order for 28 A321XLRs, supporting the airline’s long-term fleet modernization strategy, which includes replacing its Boeing 737 fleet over the next decade. Additionally, Qantas anticipates the arrival of its fifth Airbus A220 by the end of 2024.
Alaska Air Group has reported its financial results for the third quarter ending September 30, 2024, showcasing a strong performance that positions the company at the forefront of the airline industry. The company achieved a GAAP pretax margin of 10.7% and earnings per share (EPS) of $1.84. Excluding special items and mark-to-market fuel hedge accounting…
France-based global logistics leader CMA CGM has officially submitted a bid to acquire the cargo operations of Air Belgium. A court ruling on the proposed acquisition is expected by 27 March 2025.
