Avation PLC, a Singapore-based commercial passenger aircraft leasing company, has released its unaudited financial results for the six months ended December 31, 2024. The company reported a profit after tax of US$868,000, marking a significant turnaround from the loss recorded in the same period last year.
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K2 Aviation (Ireland) has marked a significant milestone, successfully completing its first aircraft transaction. The company has finalized the novation of the lease for one Airbus A330-200, placing the widebody aircraft with Air Transat (Canada).
Grupo Viva Aerobus, the Mexican low-cost carrier, has reported a difficult first quarter for 2025 with total operating revenues down 20.7% to $491 million, accompanied by a net loss of $42 million. Despite the downturn, the airline maintains a strong cash and cash equivalents position of $780 million, which provides a cushion for near-term operations.
Sky Alps (Italy) has wet leased a Boeing 737-800, serial 30667, from ETF Airways (Croatia) to support operations on the Verona-Hamburg route. The lease agreement, set for an undisclosed duration, ensures seamless capacity coverageon the airline’s international network.
Korean Air has announced its decision to proceed with the merger of its three low-cost carriers (LCCs): Jin Air, Air Seoul, and Air Busan. The move comes despite resistance from some Busan-based shareholders, who have voiced concerns about the impact on the local aviation sector and competition.
Avia Solutions Group, based in Ireland, has made a significant fleet expansion commitment by ordering 80 Boeing 737 MAX aircraft. The order includes 40 firm orders and an additional 40 purchase rights, offering the company flexibility to scale its fleet in response to future market demands. Scheduled for delivery starting in 2030, this order marks a major milestone for Avia Solutions Group,…
Delta Air Lines has revised its Q1 2025 revenue and profit projections downward, citing softening demand in the U.S. domestic market. The airline now expects revenue to grow no more than 5% year-on-year, a downgrade from its previous forecast. This adjustment reflects slower-than-expected booking trends and pricing pressures, particularly in key domestic routes where competitive pricing has impacted yield performance.
