Eastar Jet, a prominent low-cost airline based in South Korea, has successfully secured a $21 million investmentfrom SG Private Equity, a private equity firm headquartered in Seoul. This strategic infusion of capital is aimed at bolstering Eastar Jet’s efforts to expand its fleet and strengthen its operational capabilities.
Asia Aviation Public Company Limited (AAV), the sole shareholder of Thai AirAsia (TAA), has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company experienced a notable decline in net profit during the fourth quarter, contrasting with significant profit growth over the entire year.
Recent reports suggesting that flydubai, the Dubai-based low-cost carrier, and Busy Bee Airways, an Indian aviation company, are collaborating to acquire the assets of the defunct Indian airline Go First have been refuted by both parties.
China Southern Airlines has announced the suspension of its proposed plan to spin off and publicly list its wholly-owned subsidiary, China Southern Air Logistics Company Limited, on the Shanghai Stock Exchange (SSE). This decision comes in response to the prevailing market environment, which the company deems unfavorable for such a move at this time.
In a move to bolster transparency and accountability, AirAsia X (AAX) has announced the implementation of internal financial targets as part of its regular financial disclosures. This strategic initiative is designed to offer investors and stakeholders enhanced clarity regarding the airline’s financial health and operational objectives.
Air Mauritius has officially announced the departure of Chief Executive Officer (CEO) Charles Cartier, effective immediately. This decision was made during the company’s Annual General Meeting (AGM) held on February 6, 2025, where shareholders chose not to renew Cartier’s mandate. Consequently, a managing committee has been established to oversee the airline’s operations during the transitional period until a new CEO…
flydubai has opted to extend the leases on four Boeing 737-800 aircraft that were originally scheduled for return to their lessors. This decision comes as the airline did not receive any of the aircraft contractually expected for delivery in 2024, affecting its planned fleet expansion.
Cebu Pacific CEO Mike Szucs has expressed interest in the development of a potential narrowbody airliner by Embraer, highlighting its potential to enhance global aircraft availability and stimulate competition among original equipment manufacturers (OEMs). Szucs noted that such an aircraft could be an attractive addition to the market, offering airlines more options and potentially improving supply dynamics.
Brussels Airlines has entered into a wet-lease agreement with Air Europa, enlisting a Boeing 787-9 Dreamliner to service its Brussels to New York JFK route. This arrangement commenced on February 22, 2025, and is set to continue while several of Brussels Airlines’ Airbus A330 aircraft are undergoing maintenance.
BOC Aviation Limited, a Singapore-based aircraft leasing company, has announced the purchase of five Boeing 737-8 aircraft from The Boeing Company. These aircraft will be leased on a long-term basis to Arajet S.A., a low-cost carrier based in the Dominican Republic. The deliveries are scheduled for 2026 and 2027, and all aircraft will be powered by CFM LEAP-1B engines.
