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Batik Air Malaysia Takes Delivery of One B737-800

ByAdmin 31/01/202503/02/2025

Batik Air Malaysia has expanded its fleet with the delivery of one Boeing 737-800, serial 41798, on lease. The aircraft is powered by CFM56-7B26E engines, enhancing the airline’s operational capabilities. The Boeing 737-800 is a widely used narrow-body aircraft, known for its fuel efficiency and range. It supports Batik Air Malaysia’s ongoing fleet expansion, aligning with its growth strategy…

Airlines | Part Out | Sale

3TOP Aviation Acquires Fourth Ex-TAROM A318 for Dismantling

ByAdmin 31/01/202503/02/2025

3TOP Aviation Services (UK) has successfully taken delivery of its fourth ex-TAROM Airbus A318, completing the acquisition of a multi-aircraft package. The aircraft, identified as serial 3225, will now proceed for dismantling as part of the company’s asset management strategy.

Airlines | Financial

Wizz Air Reports $1.2B Revenue, $251M Net Loss in 4Q 2024

ByAdmin 31/01/202503/02/2025

Wizz Air Holdings (Hungary) has reported its 4Q 2024 financial results, posting a total revenue of $1.2 billion, marking a 10.5% year-over-year increase. However, the airline’s net loss surged by 128.7% to $251.2 million, highlighting persistent financial challenges despite revenue growth.

Airlines | Financial | Low Cost Carrier

Southwest Airlines Reports $465M Net Income for 2024

ByAdmin 31/01/202503/02/2025

Southwest Airlines (US) has announced its financial results for 2024, reporting a net income of $465 million, driven by operating revenues of $27.5 billion. The airline ended the year with $9.7 billion in liquidity, reinforcing its strong financial position despite ongoing industry challenges.

Airlines | Financial

Azul Downgraded to ‘SD’ by S&P Following Debt Exchange

ByAdmin 31/01/202503/02/2025

Azul (Brazil) has had its credit rating downgraded to ‘SD’ (Selective Default) by S&P Global Ratings (US) after completing a distressed debt exchange. The downgrade reflects S&P’s classification of Azul’s recent debt restructuring as distressed, rather than a conventional market transaction.

Corporation | Sale

Six West Aviation Acquires Kleos Aero

ByAdmin 31/01/202503/02/2025

Six West Aviation (Ireland) has announced the acquisition of Kleos Aero (Ireland), a specialist in flight planning, trip management, and concierge services. This move strengthens Six West’s operational capabilities and enhances its ability to provide comprehensive aviation support services globally.

Airlines | Financial | Flag Carrier

Lufthansa Acquires 10% Convertible Stake in airBaltic

ByAdmin 31/01/202503/02/2025

Lufthansa Group has signed an agreement to acquire a 10% convertible share in airBaltic for a subscription price of €14 million. This strategic move grants Lufthansa a seat on airBaltic’s Board and positions the group for future equity participation in the Latvian carrier.

Airlines | Codeshare | Flag Carrier

Air India and Kenya Airways Sign Codeshare Partnership

ByAdmin 31/01/202503/02/2025

Air India and Kenya Airways have officially signed a codeshare partnership, strengthening their existing interline agreement and expanding connectivity between India and Africa. The new arrangement will allow passengers to book flights seamlessly across both airlines, increasing travel options between the two regions.

Corporation | Management

Nord/LB Global Head Aviation Frank Wulf to Step Down

ByAdmin 30/01/202531/01/2025

Frank Wulf, the Global Head of Aviation at Nord/LB (Germany), has announced his decision to step down from his role and exit the aviation finance sector, effective January 31, 2025. Citing personal reasons, Wulf will conclude his tenure after a long-standing career in aviation finance.

Corporation | Management

MTU Maintenance Dallas Appoints Gernot Sell as General Manager

ByAdmin 30/01/202531/01/2025

MTU Maintenance (Germany) has appointed Gernot Sell as the new General Manager of MTU Maintenance Dallas, effective February 1, 2025. He takes over from Nezam Moghadassian, who is retiring after years of leadership within the company.