Akasa Air is securing additional funding from a group of high-profile investors, including the investment offices of Azim Premji and Ranjan Pai, along with wealth management firm 360 ONE and the Jhunjhunwala family. The financial terms of these investments have not been publicly disclosed.
United Airlines has expanded its fleet with the delivery of a new Airbus A321neo, bearing serial number 12300. The aircraft, powered by PW1133G-JM engines, will play a crucial role in the airline’s fleet renewal and expansion efforts.
Transavia France has taken delivery of a new Airbus A320neo, bearing serial number 12389. The aircraft, powered by LEAP-1A24 engines, is part of the airline’s ongoing fleet expansion strategy aimed at improving fuel efficiency and operational performance.
SmartLynx Malta has expanded its fleet with the delivery of an Airbus A320, bearing serial number 3954. The aircraft, powered by CFM56-5B4/3 engines, has been acquired on lease, supporting the airline’s ongoing fleet expansion and operational growth strategy.
Green Africa Airways has taken delivery of its first ATR72-500, bearing serial number 852, after facing a year-long delay. This marks a major milestone for the Nigerian airline, which is expanding its fleet with fuel-efficient turboprops to enhance regional connectivity.
flyadeal has taken delivery of a new Airbus A320neo, bearing serial number 12286. The aircraft is powered by LEAP-1A26 engines, further strengthening the airline’s modern and fuel-efficient fleet.
Allegiant Air has outlined its fleet strategy for 2025, aiming to expand its Boeing 737-8200 fleet to 13 aircraft while reducing the number of Airbus A320s to 79 and A319s to 30. This will bring Allegiant’s total fleet to 122 aircraft by the end of the year.
JAL Group has reported its nine-month financial results for the fiscal year ending March 31, 2025, showing strong revenue growth and improved profitability. The airline posted total revenue of $8.9 billion, reflecting a 10.9% year-over-year increase, and a net profit of $586 million, marking a 6.0% rise from the previous period.
Azul has announced a significant capital increase following approval by its Board of Directors. The airline plans to raise between $260 million and $1 billion through a private subscription of new preferred shares, reinforcing its financial position amid ongoing strategic growth efforts.
Allegiant Travel Company has released its fourth-quarter and full-year 2024 financial results, showing modest revenue growth but continued net losses. In Q4 2024, the company reported total operating revenue of $627.7 million, reflecting a 2.7% increase compared to the previous year. However, the airline posted a net loss of $216.2 million for the quarter.
