Condor, the leisure airline based in Germany, has reported a net loss of $70.4 million for the 2023/24 financial year, even as the carrier posted a 16% increase in revenue to approximately $2.6 billion. The results highlight ongoing challenges in the post-pandemic aviation sector, particularly for airlines navigating rising operational costs and fleet modernization programs.
Voepass Linhas Aéreas, a regional carrier in Brazil, has officially filed for bankruptcy protection, citing business disruptions stemming from its relationship with LATAM Airlines as a principal factor in its ongoing financial crisis. The filing comes as Voepass reports a total debt burden of approximately US$36.7 million.
South African Airways (SAA) has presented a comprehensive five-year corporate turnaround plan to the South African government, aiming to stabilize and reposition the national carrier. The plan outlines a two-phase strategy that includes securing a US$120.8 million investment facility and attracting a strategic equity partner to ensure long-term viability.
Polish Aviation Group (PGL), the state-owned holding company overseeing LOT Polish Airlines and other aviation-related subsidiaries, has appointed Radoslaw Stepien as its new chief executive officer, replacing Michal Fijol.
Philippine Airlines (PAL) has announced the appointment of Richard Nuttall as its new president, effective 29 May 2025. Nuttall will succeed Stanley Ng, who is transitioning into the dual role of president and chief operating officer (COO) of PAL Holdings, the airline’s parent company.
IndiGo, India’s largest airline by market share, has appointed Mike Whitaker, the former Administrator of the Federal Aviation Administration (FAA), as an independent director to its board. The appointment brings a seasoned aviation leader with global regulatory experience into the airline’s governance framework.
Lion Air, one of Indonesia’s largest low-cost carriers, has selected StandardAero, a leading independent MRO provider, to deliver maintenance, repair, and overhaul (MRO) services for its CFM56-7B engine fleet. These engines power the airline’s large fleet of Boeing 737 Next Generation aircraft.
United Airlines has expanded its Boeing 737 MAX fleet with the delivery of a B737-9, marked by serial number 43447. The aircraft is powered by LEAP-1B28 engines, manufactured by CFM International, enhancing United’s ongoing commitment to modernize its single-aisle fleet.
Star East Airline, a Romanian charter and ACMI operator, has taken delivery of its second Airbus A320, identified by serial number 415. The fleet expansion supports the airline’s growing operational footprint across Europe, particularly in the seasonal and ACMI leasing markets.
Southwest Airlines has further expanded its Boeing 737 MAX fleet with the delivery of one B737-8, bearing serial number 68630. The aircraft is equipped with LEAP-1B28 engines, developed by CFM International, offering advanced fuel efficiency and reduced environmental impact.
