Air Greenland, the national carrier of Greenland, has announced plans to add an Airbus A320neo to its fleet in 2026. The smaller aircraft will supplement its existing A330neo and debut on the Copenhagen to Ilulissat route, utilizing the newly constructed airport in Ilulissat.
Air China, one of China’s leading carriers, has expanded its fleet with the delivery of a Boeing 737-8, identified by serial number 60924. The aircraft is equipped with advanced LEAP-1B engines, known for their fuel efficiency and environmental performance.
Nok Air, a low-cost carrier based in Thailand, was officially delisted from the Thai Stock Exchange on January 9, 2025, marking the end of its 11-year presence as a publicly traded company. The delisting is part of the airline’s ongoing efforts to navigate through a challenging rehabilitation process.
IndiGo, India’s largest airline, has reported an 18.6% decline in profit for the third quarter of 2024, with net earnings falling to $283 million. The profit decrease was largely attributed to ballooning foreign exchange losses, which significantly impacted the airline’s financial performance during the quarter ending December 31, 2024.
Etihad Airways, the national carrier of the United Arab Emirates (UAE), is preparing for a potential Initial Public Offering (IPO) in the first quarter of 2025. The airline plans to offer around 20% of its stake to investors, with projections suggesting the IPO could raise approximately $1 billion.
China Southern Airlines, one of China’s largest carriers, has announced its financial forecast for 2024, projecting a net loss attributable to shareholders estimated between $170.8 million and $255.6 million. This anticipated loss underscores the challenges the airline continues to face amidst a recovering but volatile aviation market.
Brazil’s Administrative Council for Economic Defense (CADE) has expressed significant concerns over a potential merger between GOL and Azul, two of the country’s leading airlines. While CADE members deem it “almost impossible” to approve the merger without restrictions, they clarified that the proposal does not currently warrant outright rejection.
Lufthansa, Germany’s flagship carrier, is making strides in its efforts to return to profitability, according to CEO Jens Ritter. While the initial success of the airline’s restructuring plan is promising, Ritter acknowledges that there is still work to be done to achieve sustained financial recovery.
Aeroitalia Regiona, a regional airline based in Romania, has officially been declared insolvent by the Bucharest Court. This development marks a significant financial setback for the carrier, which has faced increasing challenges in maintaining its operations.
HAECO, a global provider of aircraft engineering and maintenance services based in Hong Kong, has entered into a new agreement with PAL Express, the low-cost carrier of Philippine Airlines, to provide base maintenance services for its narrowbody fleet of Airbus A320 and A321 aircraft. The agreement will commence in 2025, further solidifying HAECO’s presence in the Asia-Pacific region.
