Buzz, the Polish charter airline and subsidiary of the Ryanair Group, has reported a 28% decline in net profit, posting $25.4 million for the fiscal year ending 31 March 2024. Despite this setback, the airline recorded revenues of $555 million, indicating a resilient operational performance in a highly competitive European leisure market.
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Sriwijaya Air’s former chairman, Hendry Lie, is set to face trial as a suspect in a corruption case that has drawn significant attention within the Indonesian aviation sector. The allegations against Lie stem from his tenure as chairman, during which authorities suspect financial mismanagement and misuse of company funds. The investigation, initiated months ago, highlights concerns over governance and…
Hainan Airlines, a leading Chinese carrier, has expanded its fleet with the delivery of a new Airbus A320neo, bearing serial number 12167. This aircraft is powered by LEAP-1A26 engines, known for their fuel efficiency and reduced emissions.
Fitch Ratings has downgraded the long-term credit rating of Spirit Airlines from ‘CCC’ to ‘CC’, signaling heightened financial distress and the likelihood of a near-term default. This latest downgrade places Spirit Airlines below other low-cost carriers (LCCs) in North America, reflecting concerns about the airline’s financial stability.
Boeing has reported its January 2025 aircraft transactions, reflecting significant orders and financial transfers. The records confirm that an unidentified customer placed an order for 34 B737 MAX aircraft, while another unidentified buyer ordered two B777F freighters.
Rumors have surfaced regarding Aerolíneas Argentinas potentially being acquired by a consortium involving Delta Air Lines from the United States and Avianca of Colombia. The Argentine government, which holds a stake in Aerolíneas Argentinas, is reportedly weighing a purchase proposal put forth by the two airlines, suggesting potential international expansion for the Argentine carrier under new ownership. This rumored deal,…
Sunwing Airlines, a Canada-based carrier, has taken delivery of a Boeing 737-800, bearing serial number 38027, on wet lease from Smartwings (Czechia). The aircraft is equipped with CFM56-7B26 engines, known for their reliability and fuel efficiency.
