Avianca Group International (Colombia) has announced a strategic partnership with MRO Holdings (Panama), marking a significant development in its aircraft maintenance operations. Under this agreement, MRO Holdings will take over as the operator of Avianca’s Medellin-based MRO facility.
Please SUBSCRIBE to view the full content.
First month of membership is free!
Air Incheon (South Korea) is set to amend its Air Operator’s Certificate (AOC) by March 2025. This strategic move comes as the airline prepares for the transfer of freighters from Asiana Airlines (South Korea), enhancing its cargo operations.
SIA Group, the parent company of Singapore Airlines, has announced strong financial results for the fiscal year 2024/25. The group achieved a net profit of $2.1 billion, a 3.9% increase year-on-year, largely driven by a one-off, non-cash accounting gain of $846 million arising from the merger of Air India and Vistara. Total revenue climbed 2.8% to $15 billion, while cash and bank balances…
Clover Aviation Capital (Hong Kong) has announced the appointment of Luke Liberda as its new Head of Legal, succeeding Harvey Lau, who recently retired from his position as General Counsel and Head of Legal. This leadership transition marks a new chapter for Clover Aviation Capital’s legal team as it continues to support the company’s operations and strategic growth.
MASwings, a Malaysian regional airline, is set to transition its ownership to the Sarawak regional government by December 31, 2024. This move involves a formal sale from Malaysia Aviation Group (MAG), marking a significant milestone in the airline’s operational history. The ownership transfer process is expected to span nine months following the sale.
Spirit AeroSystems, a leading U.S. aerospace manufacturer, and Boeing have agreed to amend a prior memorandum of agreement (MOA) dated April 2024. The updated terms will postpone Spirit’s repayment of advances to Boeing until 2026, providing Spirit with additional financial flexibility.
Sun Country Airlines Holdings posted its financial results for the third quarter of fiscal 2024, showing a modest 0.2% increase in total operating revenue, totaling $249.5 million. Despite this slight revenue growth, the airline saw a sharp 69.1% decline in net income, ending the quarter with $2.3 million in profits. This decline in net income…
