SpiceJet founder and chairman Ajay Singh will inject US$33.8 million into the airline through the conversion of warrants into equity shares. This move will significantly raise his stake, pushing his overall shareholding to more than 33%.
Aegean Airlines has announced robust financial results for 2024, showcasing a consolidated revenue increase of 5% to $1.93 billion and net income of $141.3 million, underlining sustained growth in passenger demand and robust operational management.
Stratos has delivered an Airbus A330-300P2F on a long-term operating lease to MNG Airlines, a Turkish cargo airline operating worldwide. The aircraft, MSN 1510, was converted into a freighter by EFW in Dresden, marking the second such conversion completed by Stratos at this facility.
Kenya Airways (KQ) has initiated a strategic review of its 41.2% stake in Precision Air (Tanzania), citing negative shareholder equity and the need to align with its broader turnaround strategy. The stake, currently valued at approximately $498 million, is under assessment as KQ seeks to optimize its financial position and restructure its investments.
MTU Maintenance Zhuhai (China) has entered into a maintenance, repair, and overhaul (MRO) agreement with All Nippon Airways (ANA) (Japan) for the CFM56-7B engines that power its fleet of 47 Boeing 737 Next Generation aircraft. The partnership further strengthens MTU’s presence in the Asian aviation market, reinforcing its expertise in engine MRO services.
SF Airlines (China) has further expanded its dedicated freighter fleet, reaching 90 aircraft with the latest delivery of a B767-300BCF at its Shenzhen base. This milestone solidifies SF Airlines’ position as China’s largest cargo airlineand strengthens its regional and international logistics capabilities.
Samoa Airways has successfully redelivered a DHC6-300 Twin Otter, serial 827, following an extensive 9-month refurbishment at Unity Aviation Canada. This marks the first of three aircraft undergoing upgrades, with the remaining two expected to return to service in late 2025 and 2026.
Pobeda Airlines (Russia) is set to reclaim all Boeing 737s currently operated by sister airlines Aeroflot and Rossiya, reinforcing its commitment to a single-fleet strategy. The move aims to simplify operations, reduce maintenance costs, and enhance overall fleet efficiency.
China Aircraft Leasing Group Holdings (CALC) (Hong Kong) has completed the lease of its first Airbus A330-200 to Korean Air, further expanding its widebody aircraft portfolio. The lease agreement, finalized in March 2025, represents a significant milestone for CALC, which has traditionally focused on narrowbody aircraft leasing.
Ethiopian Airlines has taken a significant step in expanding Ethiopia’s aviation infrastructure, signing a $1.2 billion memorandum of understanding (MOU) with the African Development Bank to collaborate on the development of the $7.8 billion Bishoftu International Airport project.
