Capital A, the parent company of AirAsia, has successfully completed its $226 million private placement, according to Group CEO Tony Fernandes. While the investment round is finalized, no details on the investors have been disclosed. The funds are expected to support Capital A’s ongoing restructuring and expansion strategy.
Please SUBSCRIBE to view the full content.
First month of membership is free!
LATAM Airlines Group, based in Chile, announced a 7.6% increase in total operating revenues for the third quarter of 2024, reaching $3.28 billion. The airline also reported a net income of $301 million and maintained a liquidity position of approximately $3.6 billion, reflecting a stable financial standing in an evolving aviation landscape.
Royal Jordanian has announced its financial results for 2024, revealing a total revenue of $1.0 billion. The airline also managed to reduce its post-tax losses by 59%, bringing the figure down to $4.9 million. This marks a significant improvement compared to previous years and highlights the company’s ongoing recovery efforts following the challenges faced during the pandemic years.
China Southern Airlines, one of the largest carriers in Asia, has disclosed its financial results for 2024, highlighting a net loss of US$244 million. Despite the loss, the airline saw a notable increase in revenue, which grew by 8.9% to $23.9 billion.
Etihad Airways (UAE) has delayed its highly anticipated $1 billion initial public offering (IPO) until at least April 2025. The airline has not disclosed the specific reasons for the postponement, leaving investors speculating on potential market conditions, regulatory approvals, or strategic adjustments influencing the decision.
Malaysia Airlines has expanded its fleet with the addition of a new Boeing 737-8, serial number 66368, powered by LEAP-1B27 engines. This aircraft, registered as 9M-MVA, marks a significant milestone in the airline’s fleet modernization efforts.
Kenya Airways has announced the resignation of James David Kabeberi from his role as a director. Kabeberi also served as the Chairman of the Board Audit and Risk Committee, a critical position overseeing the airline’s governance and financial risk management. His departure marks a significant change in Kenya Airways’ leadership, as Kabeberi brought extensive experience in corporate governance and…
