Air India COO Klaus Goersch to Be Succeeded by Basil Kwak

ByAdmin 05/12/202409/12/2024

Air India has announced a leadership transition as Klaus Goersch, the airline’s Chief Operating Officer (COO), will step down in January 2025. Klaus will assume the role of Executive Vice President (EVP) and COO at Atlas Air Worldwide Holdings (US). His successor will be Basil Kwak, a senior executive from Vistara, marking another significant personnel movement within the Tata Group’s aviation ventures.

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Airlines | Flag Carrier | Management

Korean Air President Woo Kee-hong to Be Promoted to Vice Chairman

ByAdmin 17/12/202418/12/2024

Korean Air has announced the promotion of its current president, Woo Kee-hong, to the position of Vice Chairman as part of the airline’s regular executive reshuffle scheduled for January 2025. This leadership change underscores Korean Air’s focus on strategic growth and operational excellence as it navigates the evolving global aviation landscape.

Airbus | Airlines | CFM International | Delivery | Fleet

Avianca Takes Delivery of New Airbus A320neo for Fleet Expansion

ByAdmin 31/10/202403/11/2024

Avianca, Colombia’s flagship carrier, has recently taken delivery of a new Airbus A320neo, serial number 12100, equipped with advanced LEAP-1A26 engines. This latest addition reflects Avianca’s ongoing commitment to fleet modernization, focusing on operational efficiency and environmental sustainability. The LEAP-1A26 engines, produced by CFM International, are well-regarded for their fuel efficiency and reduced emissions, aligning…

Airlines | Financial

BermudAir Secures Additional $2M for Fleet and Route Expansion

ByAdmin 09/11/202409/11/2024

BermudAir has successfully raised an additional $2 million through a tokenized bond issuance, bringing the total funding raised from this initiative to $3 million since May 2024. The Bermuda-based airline initially garnered $1 million earlier this year, and this latest funding round will bolster BermudAir’s ambitions to expand its fleet and add new routes, positioning it for growth in the…

Lessor | Management | Order

TrueNoord Plans Aircraft Orders in 2025

ByAdmin 14/12/202417/12/2024

TrueNoord, a specialist regional aircraft lessor based in the Netherlands, is evaluating potential aircraft orders from OEMs (Original Equipment Manufacturers) for 2025, according to its CEO, Anne-Bart Tieleman. This consideration reflects TrueNoord’s forward-looking strategy to expand its portfolio and meet growing demand for regional aviation assets.

Airlines | Traffic

Brussels Airlines Expands Sub-Saharan Africa Network

ByAdmin 02/12/202404/12/2024

Brussels Airlines (Belgium) has announced a 10% increase in flights to sub-Saharan Africa for the summer 2024 schedule, bringing the total to 56 weekly flights. This expansion is part of the airline’s broader strategy to strengthen its presence in the region, supported by the deployment of its 11th long-haul aircraft.

Airlines | Countries | Debt | Financial | Governments

Brazil to Launch $690M Credit Line for Airlines in 2025

ByAdmin 09/11/202409/11/2024

Brazil is preparing to establish a $690 million credit line by early 2025 to assist financially struggling airlines, according to Ports and Airports Minister Silvio Costa Filho. This government-backed funding initiative aims to stabilize Brazil’s aviation sector, providing crucial financial relief for airlines facing economic challenges due to fluctuating demand and increased operational costs. The initiative is expected to bolster…

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