Air Corsica, the regional French carrier, has unveiled a transformation plan aimed at restoring financial stability by reducing its annual costs by $34 million. As part of this strategy, the airline plans to implement a voluntary departure program affecting 70 employees by 2027, marking a significant operational downsizing.
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IndiGo, India’s leading airline, has expanded its fleet with the addition of a new Airbus A321neo, identified by serial number 12170. This aircraft, powered by LEAP-1A32 engines, supports IndiGo’s ongoing efforts to modernize its fleet and improve operational efficiency.
TAP, Portugal’s flag carrier, has announced the completion of a critical restructuring milestone by acquiring 100% of the shares of its holding company, TAP SGPS. This acquisition marks a significant step in the airline’s plan to restructure and prepare for reprivatization.
Asiana Airlines has announced a strategic financial reinforcement of its subsidiaries Air Seoul and Air Busan. The South Korean flag carrier will participate in a US$127 million paid-in capital increase for Air Seoul through a shareholder allocation. This transaction will provide Asiana with an additional 36 million common shares, raising its total investment in the airline to approximately $170 million. The move strengthens Asiana’s…
Electra Airways, a Bulgarian airline specializing in ACMI and charter operations, has announced its ambitious plans to expand its fleet in the coming years. The airline aims to grow its fleet to 12 narrowbody Airbus A320 family aircraft by 2025, with further expansion to 15 aircraft by 2026.
China Eastern Airlines has reported a net loss of US$137 million for the first quarter of 2025, even as revenues experienced a 0.7% year-over-year increase, reaching US$4.5 billion. This performance highlights persistent operational and market pressures facing one of China’s major state-owned carriers.
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.
