Capital A, the Malaysia-based parent of AirAsia, has secured approval from its shareholders and debtholders for a capital reduction plan valued at up to $1.4 billion. This strategic move is designed to help the company restructure its financial obligations and improve its overall balance sheet health.
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TUI Airways, the UK’s leading holiday airline, has announced a new seasonal route connecting Cardiff, Wales, to Chambery, France, scheduled to begin on December 21, 2024.
Lufthansa, Germany’s flagship carrier, has reached an agreement with the Italian government to acquire a stake in ITA Airways following intense, last-minute negotiations. This deal marks a strategic move by Lufthansa to expand its footprint in the Italian market, gaining access to a wider customer base and strengthening its position within Europe. The acquisition is expected to bolster ITA…
BOC Aviation Limited, a Singapore-based aircraft leasing company, has announced the purchase of five Boeing 737-8 aircraft from The Boeing Company. These aircraft will be leased on a long-term basis to Arajet S.A., a low-cost carrier based in the Dominican Republic. The deliveries are scheduled for 2026 and 2027, and all aircraft will be powered by CFM LEAP-1B engines.
StandardAero has posted strong financial results for the first quarter of 2025, underscoring the continued momentum in the global MRO and aerospace services market. The company reported a 16.2% year-on-year revenue increase, reaching $1.43 billion, while net income rose to $59.8 million.
Kuwait Airways is in the early stages of a fleet expansion plan as it looks to enhance its operational capacity. The airline, which currently operates 33 aircraft, is assessing options for increasing its fleet size to meet future market demands.
The Latin American and Caribbean Air Transport Association (ALTA) has named Roberto Alvo, CEO of LATAM Airlines, as the new chair of its Executive Committee for the 2024-2025 period. Alvo, a seasoned leader in the aviation industry, is expected to bring a strategic vision to ALTA’s initiatives focused on sustainable and efficient growth within Latin…
