AirAsia X reported a net profit of $11.8 million for the first quarter of 2025, supported by a modest 3% increase in revenue to $222.3 million. The Malaysia-based long-haul low-cost carrier continues its post-pandemic recovery and has made key progress toward restoring full operations.
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Setna iO, a US-based aviation services company, has announced the acquisition of five Airbus A319 airframes for disassembly. This purchase allows Setna iO to expand its parts distribution network by providing high-quality, certified components sourced from these A319 aircraft. The disassembly process also supports sustainable practices in the aviation industry, as it enables the recycling and repurposing of…
Geosky, a cargo airline based in Georgia, has expanded its fleet with the addition of a Boeing 767-300BCF. This aircraft, identified by serial number 30564, is leased from NAS Aircraft Leasing, a U.S.-based leasing company. Powered by Pratt & Whitney PW4062 engines, the Boeing 767-300BCF offers Geosky enhanced cargo capacity and operational flexibility, supporting the…
Air Algerie, the national airline of Algeria, has expanded its narrowbody fleet capacity by leasing two Boeing 737-800s from SkyUp Airlines of Ukraine and an additional B737-800 from Ascend Airways of the United Kingdom. All aircraft involved in the transaction are listed under the same serial number: 29368, suggesting a complex lease history or possible reassignment.
Eve Air Mobility, a pioneering company in the advanced air mobility sector, has been selected by FINEP (Brazilian Funding Authority for Studies and Projects) to receive a grant of up to $15.8 million. This substantial support will back the company’s ongoing development initiatives, with the total project investment estimated at $33.8 million.
Azul, a prominent Brazilian airline, has reported a net income of $62.4 million for the third quarter of 2024, reflecting a strong performance amidst challenging market conditions. The airline’s operating revenue saw a 4.3% increase, reaching $884 million. Azul’s financial position remains solid, with immediate liquidity reported at $416 million, ensuring operational stability and flexibility for future growth opportunities. The Q3 results underscore Azul’s ability…
Spring Airlines, a major low-cost carrier in China, has unveiled plans for a share repurchase valued between $21 and $42 million. The repurchase will be conducted through centralized bidding and is set to be entirely self-funded, reflecting the airline’s financial strength and commitment to enhancing shareholder value.
