AirAsia Indonesia posted a significant financial improvement in the first quarter of 2025, despite remaining in negative territory. The airline reported a revenue growth of 14.2%, reaching US$118.4 million, while total losses were reduced to US$42.2 million, marking an 85% improvement compared to the previous year’s figures.
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SR Technics, a leading maintenance, repair, and overhaul (MRO) service provider based in Switzerland, has announced the renewal of its engine maintenance contract with Allegiant Air, a prominent low-cost carrier in the United States. This five-year extension continues the collaboration that began in 2019, focusing on the maintenance and support of Allegiant’s CFM56-5B engines.
Air Arabia (UAE) has announced the launch of a new route connecting Sharjah to Addis Ababa, with the first flight scheduled for 30 January 2025. This route will be operated using the airline’s Airbus A320, providing passengers with a comfortable and efficient travel experience.
Spirit Airlines (US) has initiated a US$350 million equity rights offering as part of its ongoing Chapter 11 bankruptcy restructuring efforts. This strategic move aims to bolster the airline’s financial stability and ensure operational continuity amid its restructuring process.
A consortium of investors, spearheaded by The Carlyle Group, is contemplating the sale of Trans Maldivian Airways (TMA), the world’s largest seaplane operator. This decision comes in response to a significant rebound in tourism to the Maldives. The group, which includes King Street Capital Management and Davidson Kempner Capital Management, is collaborating with a financial adviser to gauge interest from…
Fly Modern Ark, a South African aviation investment firm, has identified a need for more than €9 million to support the financial and operational recovery of Linhas Aéreas de Moçambique (LAM). The proposed investment aims to address immediate cash flow challenges and establish a sustainable path forward for Mozambique’s national airline. Having previously collaborated with…
GE Aerospace has released its financial results for the first quarter of 2025, reporting robust growth across all key metrics. The company posted $9.9 billion in revenue, marking an 11% increase year-over-year, driven by strong demand for commercial and defense-related aviation technologies.
