In October 2024, Air New Zealand reported a 2.1% reduction in capacity compared to the same period in 2023. This decline is attributed to significant engine maintenance challenges, including delays affecting Pratt & Whitney PW1100G-JM engines and Rolls-Royce Trent 1000 engines.
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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…
China Southern Airlines has issued a Request for Proposals (RFP) to qualified purchasers for the sale of 10 owned Boeing 787-8 aircraft and two GEnx-1B70/P2 spare engines. The aircraft and engines are scheduled for delivery to successful bidders during 2025 and 2026. The deadline for submitting bids is November 25, 2024.
Global Crossing Airlines (USA) achieved a notable 23% increase in revenue for the third quarter of 2024, totaling $52.4 million. Despite this revenue growth, the airline’s net loss remained flat at $4.9 million, and it held $7.8 million in cash and restricted cash, underscoring its commitment to operational expansion and financial stability.
JetSMART, a low-cost airline based in Chile, is set to expand its fleet by adding its 11th aircraft in November 2024. This addition will support the airline’s increasing operational demands and solidify its presence in South America’s competitive budget aviation market. Alongside this expansion, JetSMART has initiated the certification process for the Airbus A321 in Argentina, marking a strategic step to…
Alitalia, the historic Italian airline, has commenced a mass dismissal process affecting 2,059 employees as part of its ongoing restructuring. This move signifies a major workforce reduction as the company continues to navigate financial difficulties and operational restructuring. The employees impacted by this dismissal will be permanently laid off, marking a significant step in Alitalia’s effort to…
Jin Air (South Korea) is set to absorb Air Seoul and Air Busan, as the merger of their respective parent companies moves closer to completion. Jin Air, the largest subsidiary of Korean Air, will become a more dominant player in the domestic aviation market through this consolidation.
