airBaltic, the Latvian flag carrier, faces mounting financial pressures as current bond liabilities and rising interest rates threaten its long-term sustainability. According to Klavs Vasks, chairman of airBaltic, a state capital injection may be inevitable unless the Latvian government is willing to fully relinquish its stake to other investors.
PSA Airlines, a regional carrier in the United States and a wholly owned subsidiary of American Airlines, has reactivated a CRJ700 aircraft with serial number 10181. The aircraft, previously stored in Arizona, has now returned to service and operates under the American Eagle brand, providing enhanced capacity and connectivity for regional routes.
Mexicana has announced significant changes to its wet-leasing contract with TAR Aerolineas, a move that includes the cancellation of several routes. The agreement, which involves the leasing of three ERJ145 aircraft, may even be fully terminated after Mexicana reported substantial annual losses.
Israir Airlines, based in Israel, will continue leasing HelloJets’ Boeing B737-700 and B737-800 aircraft during the first quarter of 2025. These aircraft will support Israir’s operations on various routes to and from Tel Aviv, ensuring the airline’s capacity needs are met during this period.
Garuda Indonesia has announced its preparations for the 2025 Hajj season, deploying a total of 14 aircraft to serve pilgrims. Of these, eight aircraft will be sourced from within the Garuda Indonesia Group’s fleet, while six additional aircraft will be brought in under leasing arrangements.
Garuda Indonesia, the national carrier of Indonesia, has announced plans to expand its fleet by adding 20 aircraft in 2025. This ambitious plan includes the delivery of three Boeing aircraft by the end of February 2025, marking the start of a broader fleet expansion initiative.
DAT (Danish Air Transport) has bolstered its fleet with the purchase of an ATR42, previously operated by Air Antilles. This acquisition reflects DAT’s proactive approach to preparing for an anticipated increase in state-supported routes, ensuring it can meet growing demand and maintain operational efficiency.
Aeroitalia, an emerging Italian carrier, has launched operations with an Embraer E175 on domestic routes. The aircraft, featuring serial number 17000330, is leased and marks a significant milestone for the airline as it expands its service offerings within Italy.
Nauru Airlines has reported a US$4.1 million loss for the fiscal year ending June 30, 2024. The significant loss was attributed to unpaid bills arising from the airline’s wet lease operations, a challenging situation that has strained its financial performance.
Kenya Airways, the national carrier of Kenya, has resumed trading its shares after a suspension that lasted nearly five years. The suspension was initially implemented as part of a comprehensive restructuring effort to revive the struggling airline and address its financial challenges. The process aimed to reduce the airline’s reliance on state resources and restore its…
