Ethiopian Airlines, Africa’s largest carrier, is set to deliver two Boeing 737 MAX aircraft to support the launch of Air Congo, a new joint venture airline in the Democratic Republic of Congo (DRC). The new airline is scheduled to begin operations in December 2024.
Delta Air Lines, one of the largest carriers in the United States, has expanded its fleet with the delivery of a new Airbus A321neo, identified by serial number 11874. The aircraft is powered by PW1133G-JM engines, reflecting Delta’s commitment to modernizing its fleet with fuel-efficient and environmentally friendly technology.
China Southern Airlines has issued a Request for Proposals (RFP) to qualified purchasers for the sale of 10 owned Boeing 787-8 aircraft and two GEnx-1B70/P2 spare engines. The aircraft and engines are scheduled for delivery to successful bidders during 2025 and 2026. The deadline for submitting bids is November 25, 2024.
Azul Brazilian Airlines has announced its decision to forgo the delivery of two Airbus A330neo aircraft, which were previously in operation with Air Belgium. The move signals a strategic adjustment in Azul’s fleet planning to align with its operational needs and market conditions.
Astral Aviation, a leading cargo airline based in Kenya, has expanded its fleet with the addition of a Boeing 737-400F, identified by serial number 27082. The aircraft is leased from Avmax Aircraft Leasing (Canada) and will bolster Astral’s growing cargo operations across Africa and beyond.
Allegiant Air, the ultra-low-cost carrier based in the United States, has amended its 2021 agreement with Boeing for the acquisition of 50 new B737 MAX aircraft. Under the revised terms, fewer deliveries will occur in 2024 and 2025, with the adjusted timeline scheduling the completion of all deliveries by the end of 2027.
Fitch Ratings, a leading credit rating agency, has downgraded Spirit Airlines’ (US) Long-Term Issuer Default Rating (IDR) to ‘D’ from ‘CC’, indicating default status. The downgrade reflects Spirit Airlines’ financial challenges following its Chapter 11 bankruptcy filing.
EVA Air, Taiwan’s prominent international carrier, has released its October 2024 traffic results, showcasing a mixed performance. Passenger numbers rose by 2.6% year-over-year to 1.0 million, reflecting steady demand. However, the airline reported a 3.7% decline in revenue passenger kilometers (RPKs), signaling reduced distance traveled by paying customers.
Copa Holdings, the parent company of Copa Airlines based in Panama, reported a 22.1% decline in net profit for the third quarter of 2024, amounting to $146 million. The results reflect a 1.5% decrease in operating revenue, which totaled $854.7 million for the quarter. Despite the downturn, Copa Holdings maintains a strong financial position with $1.3 billion in cash, short-term, and long-term…
Air Astana, Kazakhstan’s national airline, has announced the buyback of 4.1 million shares and Global Depositary Receipts (GDRs) in November 2024. The transaction, valued at $11.9 million, is part of the airline’s ongoing strategy to manage its financial structure and enhance shareholder value.
