Air Madagascar has sold two stored Airbus A340-300 aircraft, with serial numbers 319 and 210, to a Chinese company for US$2 million. This sale is part of the airline’s strategy to reduce its debt burden.
Jazeera Airways, Kuwait’s leading low-cost carrier, has reported a substantial increase in its financial performance for the year 2024. The airline achieved a net profit of US$33.1 million, marking a 66.2% rise compared to the previous year. Operating revenue also saw an uptick, growing by 5.3% to reach US$677.7 million.
Aeroflot Group, Russia’s largest airline conglomerate, has released its financial results for the year 2024. The company reported a net loss of $299.2 million for the year, despite achieving a 43.3% increase in revenue, totaling $7.2 billion.
Triumph Group, a leading aerospace and defense systems and components company, has announced a definitive agreement to be acquired by affiliates of Warburg Pincus and Berkshire Partners. The transaction is valued at approximately $3 billion and will result in Triumph becoming a privately held company.
ITA Airways, Italy’s national carrier, has announced its intention to join the Star Alliance in the first half of 2026. This strategic move follows the airline’s decision to exit the SkyTeam alliance, with the withdrawal process expected to conclude by April 30, 2025.
TUI fly Belgium has expanded its fleet with the addition of a Boeing 737-8, bearing serial number 44660. This aircraft is equipped with LEAP-1B27 engines, known for their fuel efficiency and performance.
TAAG Angola Airlines has expanded its fleet with the addition of its first Boeing 787-9 Dreamliner, bearing serial number 66877. This aircraft is equipped with GEnx-1B engines and is leased from AerCap.
Señor Air, a regional airline based in Cabo San Lucas, Mexico, has expanded its fleet with the acquisition of an Embraer ERJ-135 aircraft, identified by serial number 145361. This aircraft is equipped with AE3007A1P engines, known for their reliability and efficiency in regional flight operations.
Safe Air Kenya, a prominent cargo airline based in Nairobi, has bolstered its fleet with the addition of its first Boeing 737-400 Freighter (B737-400F), bearing serial number 29202. This strategic acquisition marks a significant milestone in the airline’s efforts to enhance its cargo services across the East African region.
IndiGo, India’s largest airline, has expanded its fleet with the addition of a new Airbus A321neo, bearing serial number 12388. This aircraft is equipped with LEAP-1A32 engines, known for their fuel efficiency and performance.
