Emirates SkyCargo (UAE) has partnered with Astral Aviation (Kenya) through a Memorandum of Understanding (MoU) aimed at strengthening global trade routes to and from Africa. This collaboration will focus on expanding air freight capacity, optimizing cargo connectivity, and supporting African businesses in accessing international markets.
Air New Zealand has announced the commencement of a share buyback program starting 07 March 2025, aiming to repurchase up to 343.7 million shares for a maximum total of $57 million. This initiative forms part of the airline’s capital management strategy, reflecting confidence in its financial position and future growth prospects.
Air New Zealand has posted its 2025 interim financial results, reflecting a net profit after taxation of $60.4 million, marking an 18% decline from the prior period. The airline attributes the decline to operating cost pressures and reduced revenue growth, amid a dynamic market environment.
Volga-Dnepr Group (Russia) has initiated a lawsuit against Canadian authorities over the sanctions and seizure of its An-124-100 aircraft in Toronto. The aircraft, which has been grounded in Canada since sanctions were imposed, is now at the center of a legal and diplomatic dispute.
SriLankan Airlines CEO Richard Nuttall is exploring refinancing options to restructure the airline’s debt, which would serve as a preliminary step before any A330 fleet renewal. The carrier is also considering doubling its total fleet size to 50 aircraft, signaling a potential long-term expansion strategy.
Southwest Airlines (US) has formally become a member of the International Air Transport Association (IATA), strengthening its global industry presence and alignment with international aviation standards. This move allows Southwest to collaborate more closely with global carriers, access industry best practices, and enhance operational efficiency.
Southwest Airlines (US) has announced that Ryan Green, EVP & Chief Transformation Officer, has decided to step down from his role, effective 01 April 2025. His departure marks a significant change in the airline’s leadership teamas the company continues its strategic transformation efforts.
Luxair (Luxembourg) has successfully concluded negotiations with unions, finalizing an agreement for the renewal of the collective agreement. This agreement marks a significant milestone for the airline and its workforce, ensuring improved working conditions and financial commitments.
airBaltic (Latvia) has announced the successful completion of the Baltic Cargo Hub, marking a significant milestone in the region’s air freight industry. The new facility is now the largest dedicated air cargo handling hub in the Baltics, designed to enhance cargo capacity, efficiency, and operational flexibility for airBaltic and its logistics partners.
Transavia France has officially taken delivery of a new A320neo, serial 12367, as part of its ongoing fleet expansion. The aircraft is powered by LEAP-1A24 engines, known for their fuel efficiency and operational reliability.
