Air Montenegro has expanded its operational capacity by securing a wet-lease of an Embraer E190 aircraft from Windrose Airlines, a Ukrainian carrier. The aircraft, bearing serial number 19000494, will be integrated into Air Montenegro’s fleet under this agreement, which extends until October 31, 2025.
Volaris, Mexico’s leading ultra-low-cost airline, posted a net income of $46 million for the fourth quarter of 2024, despite a 7% decline in operating revenue to $835 million. The airline’s financial position remained strong, with total cash, cash equivalents, restricted cash, and short-term investments reaching $954 million.
flydubai has announced a record profit before tax of $674 million, a 16% increase from the previous year, for the financial year ending December 31, 2024. The airline also saw a 15% rise in revenue, reaching $3.5 billion, reflecting robust demand and network expansion.
Azul (Brazil) reported strong revenue growth in the fourth quarter of 2024, with total operating revenue increasing 10.2% to $966 million. However, the airline faced significant financial challenges, posting a net loss of $689.2 million in the quarter.
Z Air (Bonaire) has secured a legal victory against the Sint Maarten government, following a court ruling that determined the Civil Aviation Authority of Sint Maarten (CAA) imposed unlawful and unnecessary conditions on the airline’s flight permits.
Rex Group (Australia) has officially commenced a sale and/or recapitalization process, following its recent financial difficulties. EY Australia, the appointed administrator, is overseeing the restructuring, aiming to secure the airline’s future through a potential sale or new capital injection.
Maroomba Airlines has confirmed a change in ownership, with a group led by Phil Garcia, Stephanie Garcia, Michael Evans, and Katrina Evans taking over the Australian regional airline. The new owners bring experience in aviation and business leadership, positioning the airline for strategic growth and operational continuity.
Ceiba Intercontinental has formally presented its 2025 action plan to the government of Equatorial Guinea in a bid to tackle economic challenges and stabilize its financial situation. The national carrier has been under increasing pressure due to rising operational costs, fleet maintenance issues, and market conditions, prompting the need for immediate strategic interventions.
United Airlines has strengthened its fleet with the addition of one Boeing 737-8, serial 67637, powered by CFM International LEAP-1B28 engines. The delivery aligns with the airline’s strategy to modernize its narrowbody fleet with fuel-efficient aircraft.
Saudia has expanded its widebody fleet with the addition of one Airbus A330-300, serial 1103, on wet lease from Wamos Air (Spain). The aircraft is powered by Rolls-Royce Trent 772B-60 engines, supporting the airline’s operational requirements.
