Air France-KLM, the Franco-Dutch airline group, has confirmed its intention to participate in the privatization process of TAP Air Portugal, the Portuguese national carrier. This announcement comes as the Portuguese government moves forward with plans to sell a stake in TAP, aiming to enhance the airline’s competitiveness and financial stability.
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SpiceJet has encountered a regulatory setback as India’s capital market regulator declined a request by the Elara India Opportunities Fund (Mauritius) to convert warrants worth over US$46.8 million into equity shares. The Securities and Exchange Board of India (SEBI) cited non-compliance with beneficial ownership disclosure requirements as the basis for its decision.
SolitAir, a UAE-based airline, has commenced daily scheduled flights between Dubai and Riyadh as of 04 December 2024. The flights are being operated with a Boeing 737-800F, enhancing cargo connectivity between two major economic hubs in the Gulf region.
LATAM Brasil has expanded its narrowbody fleet with the addition of a new A320neo, serial number 12576, powered by PW1127G-JM engines. This latest delivery is part of LATAM Group’s broader modernization strategy, aiming to replace older aircraft with newer, more fuel-efficient models across its subsidiaries.
Korean Air reported its 3Q 2024 financial results, showcasing a notable increase in revenue despite a decline in net profit. The airline’s revenue grew by 9.8% year-over-year, reaching $3.0 billion. However, net profit took a downturn, decreasing by 34.8% to $200.7 million, a reflection of various market and operational challenges.
Azul (Brazil) has taken a strategic step in its fleet renewal program by returning one Airbus A330-200, identified by serial 494, to its lessor. This move is part of Azul’s efforts to modernize its long-haul operations and enhance operational efficiency.
Fiji Airways has officially commenced repayment of a $33 million loan it received from the Fiji Development Bank four years ago. This milestone marks an important step in the airline’s financial recovery and underscores its commitment to maintaining financial stability amid industry challenges.
