China Airlines (Taiwan) has signed a contract with Airbus to perform integration and technical services for the retrofit of its 15 A350-900 aircraft. This comprehensive cabin refresh project is set to commence in 2027 and will span approximately one year.
Centrum Air (Uzbekistan) has announced the addition of another Airbus A320 to its fleet. The aircraft, bearing serial number 2665, marks the sixth Airbus family aircraft in Centrum Air’s growing portfolio, showcasing the airline’s steady expansion strategy.
Cargojet (Canada), a leading provider of time-sensitive cargo services, has taken delivery of a 2000-vintage production Boeing 767-300F. The aircraft, bearing serial number 30780, is leased from Jetran (US) and will strengthen Cargojet’s existing fleet to meet rising demand for air freight.
Boliviana de Aviación (BoA), Bolivia’s national airline, is grappling with significant operational challenges due to financial constraints. The carrier has been unable to pay the leases for six of its aircraft, resulting in their grounding. Additionally, two more planes remain out of service due to ongoing maintenance, further impacting the airline’s operational capacity.
Boeing reported delivering only 13 commercial jets in November 2024, marking a stark decrease compared to the 56 jets handed over in the same month the previous year. The drop highlights ongoing production and operational challenges faced by the aerospace giant.
Arcano Partners (Spain) has announced the successful completion of its second transaction through its investment vehicles Arcano Aviation Fund and Arcano Capital Aviation. The transaction involves the acquisition of two Airbus narrowbody aircraft, both of which are under existing lease agreements with Wizz Air (Hungary).
Air Arabia (UAE) has expanded its fleet with the delivery of one A320, serial 7426, on lease. The aircraft is powered by CFM56-5B4/3 engines, which offer reliability and efficiency in operations. This addition aligns with Air Arabia’s commitment to enhancing its fleet capacity and meeting increasing passenger demand across its network.
TUI Group (Germany), a global leader in tourism and travel, has reported a strong financial performance for 2024. The company’s revenue grew by 12% to reach $24.4 billion, underscoring its recovery and growth momentum in the post-pandemic travel industry. The group also recorded an Underlying EBIT of $1.3 billion, reflecting its strategic focus on operational efficiency and market expansion.
HNA Holdings (China) has announced plans to settle outstanding debts with several of its affiliated entities, including Tianjin Airlines, Capital Airlines, Suparna Airlines, West Air, Deer Jet, Tianjin Cargo, and Grand China Air. The settlement will involve the use of assets from these affiliates to address their financial obligations.
Korean Air is set to officially finalize its acquisition of a controlling stake in Asiana Airlines (South Korea) today. This strategic move will see Korean Air invest $1.07 billion to purchase a 63.9% stake in Asiana through a third-party share issuance, marking a significant milestone in the consolidation of South Korea’s aviation industry.
