Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts. In order to view the full content as well as having access to our archives and receiving the daily newsletter, please REGISTER .
euroAtlantic Airways, a Portuguese charter airline, is reportedly in discussions with ANAC (Brazilian National Civil Aviation Agency) about plans to establish a subsidiary in Brazil. The proposed subsidiary would focus on operating regular domestic passenger flights, signaling the airline’s ambition to enter the Brazilian domestic market.
Tulpar Air, a Russian airline, has been ordered by the Arbitration Court of the Republic of Tatarstan to pay US$4.2 million to its former director, Azat Khakim. This legal ruling concludes a significant dispute between the airline and its former executive.
China Southern Airlines (China) has taken delivery of one Airbus A321neo, further enhancing its modern fleet. The aircraft, bearing the serial number 12281, is powered by LEAP-1A32 engines, renowned for their fuel efficiency and performance.
Vietnam’s low-cost carrier Vietjet Aviation announced impressive financial results for the first nine months of 2024, reflecting a strong recovery and growth trajectory. Consolidated revenue reached $2.05 billion, marking a 19% increase from the same period last year, driven by robust passenger demand across domestic and international routes. Consolidated after-tax profit surged by 564%, totaling…
Total Linhas Aereas, a Brazilian airline, has announced plans to add the C919, China’s domestically developed commercial jet, to its fleet. This significant move, confirmed by CEO Paulo Almada, makes Total Linhas Aereas one of the first airlines outside China to operate the C919, marking a milestone in the jet’s global adoption.
The Asian Development Bank (ADB), based in the Philippines, has officially approved a financing package aimed at supporting Air Niugini’s re-fleeting program.
