Air France-KLM reported solid financial results for the third quarter of 2024, with a 3.7% increase in Group revenues reaching $9.0 billion. The company posted a net income of $824 million, reflecting ongoing efforts to strengthen its position amidst global travel demand fluctuations.
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Crestone Air Partners, a U.S.-based aircraft asset management and leasing firm, has expanded its executive leadership team with the appointment of Jason Greenberg as Chief Legal Officer and General Counsel and Bernadette Ryan as Vice President of Contracts. These additions strengthen the company’s legal framework and contractual operations, reinforcing its commitment to structured growth and operational excellence.
flydubai, the Dubai-based low-cost carrier, is actively pursuing a substantial fleet expansion plan. The airline is in talks to purchase 200 narrowbody jets, accompanied by options for an additional 100 aircraft. This move aims to support its growth strategy and modernize its existing fleet.
Air France-KLM has announced that Angus Clarke, Executive Vice President and Chief Commercial Officer (CCO), will resign from his role effective 31 August 2025. The resignation marks a significant executive transition at the top level of one of Europe’s largest airline groups.
Spirit Airlines (US) has reported a net profit of $83.1 million for the first quarter of 2025, with total revenue reaching $1 billion. The airline ended the period with $758.1 million in cash and cash equivalents, reflecting a stable liquidity position.
Ryanair (Ireland) has announced plans to commence operations from Paris Orly Airport in 2025, introducing new connections to Bergamo (Italy) and Bratislava (Slovakia). This marks a significant expansion of the airline’s network from one of Europe’s busiest airports.
Icelandic low-cost carrier PLAY Airlines has entered an agreement with StandardAero to receive performance restoration shop visit (PRSV) services for its LEAP-1A engines, which power PLAY’s A320neo fleet. StandardAero, operating from its specialized facility in San Antonio, Texas, will provide PRSV and MRO support under the CFM Branded Service Agreement. This maintenance partnership enables PLAY…
