Jeju Air (South Korea) is bracing for increased financial challenges following the crash of one of its B737-800 aircraft. The incident has placed additional strain on the airline’s cash flow, already burdened by advance payments for airline tickets, which currently stand at approximately US$176.8 million.
GOL (Brazil) has finalized an individual settlement agreement with the National Treasury Attorney’s Office and the Special Secretariat of the Federal Revenue of Brazil. The agreement addresses and resolves tax liabilities for the company and its subsidiaries, amounting to a total of US$889 million.
Aerolineas Argentinas, the national carrier of Argentina, has reported a significant reduction in its reliance on government subsidies in 2024. The airline required only $64.2 million in subsidies, a substantial decline compared to the $128.4 million it needed in 2023. This development underscores ongoing efforts by the airline to enhance its operational efficiency and financial sustainability.
Qazaq Air, a regional airline based in Kazakhstan, has announced the arrival of new ownership following the sale of a 51% stake by the national welfare fund Samruk-Kazyna. The new majority stakeholders include Sovico Group from Vietnam and Kazasia Holdings from Kazakhstan. This pivotal move marks a significant milestone in the airline’s growth and expansion strategy.
MJets Air, a dynamic player in Malaysia’s aviation and logistics sector, is taking bold steps to strengthen its operational capabilities by seeking strategic partnerships with prominent global logistics and airline players. The company has initiated discussions with JD and Cainiao, two of China’s leading logistics entities, and Unilode Aviation Solutions, a Switzerland-based provider of ULD (unit load device) management…
Vietnam Airlines has announced the resumption of its Da Nang to Bangkok Suvarnabhumi route, starting March 30, 2025. The route will be served by the airline’s Airbus A321 fleet, providing travelers with a seamless connection between these two vibrant Southeast Asian cities.
TUI Airways (UK) is set to expand its route network with the introduction of new flights between London Gatwick and Ohrid, a picturesque city in North Macedonia. This new route is scheduled to commence in the summer of 2026, offering travelers a direct connection to one of Europe’s hidden gems.
Starlux Airlines, a leading premium airline based in Taiwan, has announced the discontinuation of its Taipei Taoyuan-Penang route. This service will be removed from the airline’s schedule starting 30 March 2025, coinciding with the beginning of the summer 2025 season.
SATA Azores International has officially discontinued its route between Bermuda and Ponta Delgada, confirming that the service will not return for the summer 2025 season. The decision marks the end of a connection that was part of the airline’s seasonal network offerings.
El Al, Israel’s national carrier, has announced the continuation of its suspension of flights between Tel Aviv and Moscowuntil the end of March 2025. This decision comes as part of the airline’s ongoing review of operational and geopolitical considerations impacting its services on this route.
