Wizz Air, based in Hungary, has provided insights into its sale/leaseback plans, forecasting a moderate increase in activity for 3Q and 4Q compared to 2Q, followed by a substantial ramp-up in fiscal 2026 as more transactions come into effect. The airline’s sale/leaseback strategy is designed to support fleet flexibility and financial liquidity, helping Wizz Air to manage capital costs effectively as…
Vietnam Airlines has announced plans to issue Requests for Proposals (RFPs) to aircraft manufacturers in 2025 as it looks to purchase 50 narrowbody jets to modernize and expand its fleet. The airline’s long-term vision includes acquiring a total of 170 new aircraft by 2035, marking a significant fleet expansion to support its strategic growth and meet rising demand in the region. This move…
Madagascar Airlines is enhancing its operational fleet this week with the addition of three aircraft, boosting its capacity to serve domestic and regional routes. The first of these additions is a repaired ATR with serial number 1248, which is now back in service. Joining this aircraft is a Q400 leased from CemAir, a South African airline, which will serve as a…
ALM, a UK-based leasing company, has arranged the lease of an A320neo, with serial number 8168, to Turkish Airlines. This delivery represents the second and final of two GTF-powered A320neo units leased by ALM to Turkish Airlines, reinforcing the airline’s commitment to expanding its fleet with modern, fuel-efficient aircraft. The addition of this A320neo enhances Turkish Airlines’ operational capabilities, offering improved fuel…
TAROM, Romania’s national airline, has announced its 2023 financial results, reporting a net loss of $18.7 million. Despite the loss, TAROM experienced a 21.7% increase in total revenues, reaching $384 million. The airline’s revenue growth reflects a recovery in travel demand; however, financial challenges persist as TAROM continues to work toward sustainable profitability.
Nok Air, a Thailand-based airline, has reported its 9M 2024 financial results, posting a net loss of $36.7 million. The airline’s revenue also saw a decline, falling 12.4% to $156.9 million for the nine-month period. These figures highlight the financial pressures Nok Air continues to face amid challenging market conditions and fluctuations in travel demand.
GOL Linhas Aéreas Inteligentes (GOL), a major Brazilian airline, reported an improvement in its 3Q 2024 financial results with a net loss reduction of 36.2%, bringing the loss to $144 million. This improvement is accompanied by a 6.3% increase in net revenue, totaling $861 million for the quarter. GOL’s total cash holdings at the end of 3Q 2024 were reported at $329 million, indicating solid liquidity…
Air Busan, a South Korean airline, has released its 3Q 2024 financial results, reporting an 8.6% increase in sales, which reached $178 million. However, the airline saw a decline in operating profit, down 13.3% to $26.6 million for the quarter. The mixed results indicate strong revenue growth but also highlight challenges in maintaining profitability amid fluctuating operating costs and market pressures.
Tus Airways, based in Cyprus, has announced a shift in its ownership structure as Logo Jet of Israel increased its holdings to become the airline’s majority shareholder. Logo Jet recently acquired an additional 41.6% of Tus Airways’ shares, bringing its total ownership to 75%. The remaining shares are held by Global Knafaim Leasing (Israel) and Kenneth Woolley, each retaining a 12.5% stake in the airline.
World2Fly, a Spanish airline, has announced the launch of three new routes set to begin in June 2025, enhancing connectivity from Madrid and Lisbon to popular long-haul destinations. The new routes will connect these European cities with La Romana in the Dominican Republic, Mauritius in the Indian Ocean, and Montego Bay in Jamaica. This expansion aligns with World2Fly’s strategy to strengthen its presence in the leisure travel market,…
