Azorra, a U.S.-based aircraft leasing firm, has delivered the first of two Embraer E195-E2 aircraft to Hunnu Air of Mongolia. The aircraft, with serial number 19020171, represents a historic milestone as the first E2 jet to enter service in Mongolia, signaling a new phase of modernization for the country’s aviation sector.
Astral Aviation, a Nairobi-based cargo airline, has taken delivery of its first Boeing B767-300F freighter, marking a key milestone in its fleet modernization and expansion strategy. The aircraft is identified by serial number 24146, and it becomes the airline’s most capable long-haul freighter to date.
Air Serbia is preparing to take delivery of its second Embraer E195 aircraft, with the serial number 19000671, as part of its ongoing regional fleet expansion. The aircraft is owned by Azorra, a U.S.-based aircraft leasing company specializing in regional and crossover jets.
Air New Zealand has taken redelivery of its first retrofitted Boeing B787-9, identified by serial number 37964, after a six-month cabin upgrade program carried out in Singapore. This marks the airline’s first completed retrofit under its multi-year widebody refurbishment strategy.
Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has reported a 93% decline in its 2024 net profit, citing the dual impact of lower average airfares and capacity constraints driven by global supply chain and maintenance issues. The carrier posted a net profit of $12 million, down sharply from the prior year.
China Southern Airlines is reportedly planning an initial public offering (IPO) of its cargo subsidiary, China Southern Air Logistics, with the listing expected to take place in Hong Kong. The move is aimed at raising substantial capital to support the division’s growth, amid strong demand in the global air freight sector.
Air New Zealand has projected its earnings before taxation for fiscal year 2025 to fall within the range of $88 million to $112 million, a forecast that includes $20–24 million in expected compensation for aircraft that have been grounded. The airline disclosed that 11 aircraft remain grounded, primarily due to global supply chain challenges and delays in maintenance cycles.
Korea Express Air, a South Korean regional airline, is anticipated to be put up for sale as it navigates ongoing management and financial difficulties. The carrier has been under corporate rehabilitation procedures since October 2024, and its stakeholders are now considering strategic options, including a full sale, to stabilize the business.
Asiana Cargo, the cargo division of South Korea’s Asiana Airlines, is in the final stages of its acquisition by Air Incheon, marking a pivotal moment in the consolidation of the country’s air freight market. Following regulatory approvals by the Ministry of Land, Infrastructure and Transport (MLIT), the unified cargo airline is expected to officially launch in July 2025.
Altavair, a U.S.-based aviation investment and leasing firm, has announced the appointment of Beng Yip as Senior Vice President of Marketing and Head of Asia Pacific, marking a significant expansion in its executive leadership focused on the region. This move reflects Altavair’s intent to deepen its footprint in one of the fastest-growing aviation markets in the world.
