Sono Group (South Korea) is fast-tracking its efforts to gain management control of T’way Air, positioning itself as the carrier’s largest shareholder. The move aligns with Sono Group’s broader strategy to establish a resort-linked airline, with a potential inclusion of Air Premia into its portfolio.
Emirates SkyCargo (UAE) has partnered with Astral Aviation (Kenya) through a Memorandum of Understanding (MoU) aimed at strengthening global trade routes to and from Africa. This collaboration will focus on expanding air freight capacity, optimizing cargo connectivity, and supporting African businesses in accessing international markets.
SIA Group (Singapore) has delivered a strong financial performance in Q3 FY2024/25, reporting a net profit of $1.2 billion, marking a 146.7% increase compared to the previous year. The group’s total revenue also grew significantly, up 27% to $3.8 billion, reflecting strong passenger demand and improved operational efficiencies.
Chorus Aviation (Canada) has released its 2024 financial results, highlighting a net loss of $110 million for the year. Despite this, the company saw a 0.4% revenue increase, reaching $985 million.
Carlyle Aviation Partners has announced the closing of AASET 2025-1, its seventeenth aircraft asset-backed securitization (ABS). This transaction involved the issuance of $518 million in Secured Notes, which will facilitate the acquisition of 23 aircraft as part of the firm’s broader portfolio expansion strategy.
Airbus has released its fiscal 2024 financial results, showcasing a 6% revenue increase to $72.2 billion. The company achieved a net income of $4.4 billion and a free cash flow before customer financing of $4.6 billion, reinforcing its financial stability and strong cash flow generation.
Air New Zealand has announced the commencement of a share buyback program starting 07 March 2025, aiming to repurchase up to 343.7 million shares for a maximum total of $57 million. This initiative forms part of the airline’s capital management strategy, reflecting confidence in its financial position and future growth prospects.
Air New Zealand has posted its 2025 interim financial results, reflecting a net profit after taxation of $60.4 million, marking an 18% decline from the prior period. The airline attributes the decline to operating cost pressures and reduced revenue growth, amid a dynamic market environment.
Airbus continues to aim for a monthly production rate of 12 A350 aircraft by 2028, reaffirming its long-term production strategy despite supply chain challenges. The company has also revised the entry into service (EIS) timeline for the A350F, which is now expected in 2H 2027 instead of the previously estimated date.
Volga-Dnepr Group (Russia) has initiated a lawsuit against Canadian authorities over the sanctions and seizure of its An-124-100 aircraft in Toronto. The aircraft, which has been grounded in Canada since sanctions were imposed, is now at the center of a legal and diplomatic dispute.
