Brussels Airlines reported an adjusted EBIT loss of US$60 million for the first quarter of 2025, showing a 9% year-on-year improvement compared to the same period in 2024. Despite remaining in the red, the airline expressed confidence in achieving full-year profitability for 2025.
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Lufthansa, the flag carrier of Germany, has taken delivery of a brand-new Airbus A350-900, serial 692, further bolstering its long-haul fleet. This latest addition aligns with Lufthansa’s strategy to modernize its aircraft lineup, offering passengers enhanced comfort and operational efficiency.
Red Sea Airlines (Egypt) has expanded its fleet with the addition of a Boeing 737-800, serial 39619, on lease. The aircraft is powered by CFM International CFM56-7B27E engines, ensuring fuel efficiency and optimized operational performance for the carrier’s growing network.
Phoenix Aviation Capital (Ireland) and AIP Capital (US) have announced the closing of a Pre-Delivery Payment (PDP) financing facility to support Phoenix’s order of 30 Boeing 737-8 aircraft. The facility will provide up to US$300 million in total commitments and will be used to fund required down payments prior to aircraft delivery.
Astral Aviation, a leading cargo airline based in Kenya, has expanded its fleet with the addition of a Boeing 737-400F, identified by serial number 27082. The aircraft is leased from Avmax Aircraft Leasing (Canada) and will bolster Astral’s growing cargo operations across Africa and beyond.
SIA Engineering Group (SIAEC), a leading provider of MRO (maintenance, repair, and overhaul) services based in Singapore, has reported a robust financial performance for the first half of its fiscal year 2024/25. The Group achieved a 16% increase in net profit, reaching US$52.2 million, compared to the previous period. This growth reflects the strong operational…
Nordic Aviation Group, a key player in Estonia’s aviation sector, has been declared bankrupt by the Harju County Court. The ruling is subject to immediate enforcement, marking a significant development for the airline and its stakeholders.
