Aeromexico has taken delivery of a new Boeing 737-9, registration XA-SGP, powered by CFM International LEAP-1B28 engines. This latest addition aligns with the airline’s ongoing fleet modernization efforts, improving fuel efficiency, range, and passenger capacity.
Vietjet (Vietnam) has secured a $300 million aircraft financing agreement with Carlyle Aviation Partners (US), ensuring financial support for its upcoming aircraft deliveries scheduled for 2025-26. This deal reflects Vietjet’s commitment to fleet expansion and operational growth in the highly competitive Southeast Asian aviation market.
BOC Aviation (Singapore) has announced its 2024 financial results, reporting total revenues and other income of $2.6 billion, reflecting a 4% year-on-year increase. The company’s net profit after tax surged 20.9% to $924 million, demonstrating strong financial performance and leasing demand. Additionally, BOC Aviation maintained a robust liquidity position of $6.5 billion, reinforcing its financial stability and investment capacity.
airBaltic (Latvia) has announced its financial results for 2024, reporting a 12% year-on-year increase in revenue, reaching $815 million. Despite the revenue growth, the airline recorded a net loss of $128.5 million, highlighting ongoing operational and financial pressures.
Virgin Australia has announced the appointment of Paul Jones as its new Chief Commercial Officer (CCO), following the promotion of Dave Emerson to Chief Executive Officer (CEO). The leadership transition marks a strategic movefor the airline as it continues its growth and commercial development.
Southwest Airlines has announced plans to end its fuel hedging policy, marking a major shift in the airline’s financial strategy. The carrier has been one of the few remaining US airlines actively engaged in the oil derivatives market, historically using fuel hedging as a key tool to protect against fuel price volatility.
Qatar Airways has announced plans to place one final large aircraft order, marking the end of its rapid expansion phase as it seeks to grow annual passenger numbers from 50 million to 80 million over the next five to six years. The airline’s decision reflects a strategic shift towards fleet optimization and sustained capacity growth, rather than aggressive expansion.
GetJet Airlines (Lithuania) has appointed Inga Duglas as its new Chief Executive Officer (CEO), succeeding Ruta Kulvinskaite, who has led the company for the past four years. This leadership transition marks a new chapter for the ACMI and charter carrier, as it continues to navigate growth and operational expansion.
Fitch Ratings (US) has reported that Boeing is making early progress in resuming production, following recent challenges, while also working to reduce legacy inventory and improve supply chain management. These developments are seen as critical factors in Boeing’s long-term operational and financial recovery.
By the end of 2024, Russia had removed 345 aircraft from the registers of foreign states, marking a significant step in transitioning aircraft ownership to domestic oversight. Additionally, 216 aircraft were acquired for Russian airlines, ensuring continued fleet expansion and operational stability despite international leasing restrictions.
