airBaltic has released its financial results for the first quarter of 2025, showing a relatively stable revenue performance alongside a notable improvement in profitability. The Latvian flag carrier posted revenues of $148.6 million, reflecting a marginal 0.3% increase compared to the same period in the previous year. Despite minimal revenue growth, the airline demonstrated considerable cost management and operational…
GetJet Airlines, a leading Lithuanian ACMI and charter service provider, has entered into a new long-term agreement with Tez Tour, one of the largest travel organizers in the Baltic States. The renewed partnership, effective from November 2025, will see GetJet continue to operate full charter flight services to a wide range of popular holiday and winter destinations on behalf…
Southwest Airlines, one of the largest low-cost carriers in the United States, has exercised options for nine Boeing B737-7 aircraft during the first four months of 2025. The newly firmed orders are scheduled for delivery in 2026, as part of the airline’s continued efforts to modernize its fleet with next-generation aircraft.
HALO AirFinance, a U.S.-based aviation lender, has successfully completed a senior loan transaction supporting the acquisition of a Boeing B737-800 by Crestone Air Partners, an investment platform backed by Blue Owl Capital. The financed aircraft is currently on lease to a UK-based airline, marking another strategic asset-based lending move for HALO in the secondary aircraft market.
Croatia Airlines has taken delivery of a new Airbus A220-300, serial number 55350, from U.S.-based lessor Azorra, marking the sixth A220 aircraft to join its fleet. This delivery is the first of three aircraft the airline is scheduled to receive from Azorra by 2026, as part of a comprehensive plan to overhaul and modernize its narrowbody fleet.
Air Europa is poised to receive its first Boeing B737 MAX aircraft next week, marking a major step in the Spanish carrier’s narrowbody fleet modernization. This delivery will be followed by ten additional B737 MAX aircraft, scheduled to arrive starting in 2026, with deliveries occurring at a rate of one aircraft per month.
Mesa Air Group, a regional U.S. carrier, has reported a net loss of $24.9 million for its fourth fiscal quarter and a net loss of $91.0 million for the full fiscal year 2024. The airline’s total operating revenue for the year declined by 4.3%, falling to $476.4 million. As of the end of the reporting period, Mesa reported $15.6 million in unrestricted cash and cash equivalents, reflecting…
flynas, the Saudi Arabian low-cost airline, has achieved a remarkable milestone by completing its initial public offering (IPO) of US$1.1 billion on the Riyadh stock exchange. The offering was met with extraordinary demand, as all shares were sold within minutes of opening. The IPO represents approximately 30% of the company’s share capital, indicating a strong appetite among investors for exposure to Saudi…
Bangkok Airways has reported a solid financial performance for the first quarter of 2025, posting a net profit of US$50 million. This comes even as total revenue for the period showed a slight decline of 1.4%, settling at $171.3 million. The results reflect the carrier’s resilience and strategic cost management amid a competitive Southeast Asian aviation landscape.
Asiana Airlines has announced a strategic financial reinforcement of its subsidiaries Air Seoul and Air Busan. The South Korean flag carrier will participate in a US$127 million paid-in capital increase for Air Seoul through a shareholder allocation. This transaction will provide Asiana with an additional 36 million common shares, raising its total investment in the airline to approximately $170 million. The move strengthens Asiana’s…
