China Airlines of Taiwan is reportedly close to finalizing a decision to split its upcoming multi-billion-dollar order for 20 widebody aircraft between Boeing’s B777X and Airbus’ A350-1000. This order is aimed at replacing the airline’s 10 aging B777-300ERs while also providing additional capacity for projected growth in passenger demand.
Cathay Pacific, Hong Kong’s flagship carrier, is set to initiate negotiations with aircraft manufacturers to expand its long-haul fleet in anticipation of up to ten years of growth. The airline’s expansion plans include the acquisition of Boeing B787 and B777-9 aircraft, aligning with Cathay Pacific’s strategy to support increased passenger demand and maintain competitive services on long-haul routes.
Bulgaria Air and Air Serbia are reportedly in discussions to expand their ACMI (Aircraft, Crew, Maintenance, and Insurance) arrangement, which currently involves two E190s wet-leased by Bulgaria Air to the Serbian carrier. This partnership reflects a growing trend of collaborative leasing agreements among airlines to optimize fleet usage and address capacity demands.
Aviation Capital Group (ACG), a major US-based aircraft leasing company, has delivered a B737-9 to United Airlines, featuring LEAP-1B engines. This aircraft marks the third delivery in a multi-aircraft sale/leaseback agreementbetween ACG and United, supporting United’s fleet expansion with efficient and modern aircraft.
Avianca, Colombia’s flagship airline, recently expanded its fleet with the delivery of a new A320neo. The aircraft, bearing serial number 12289 and powered by LEAP-1A26 engines, marks another step in Avianca’s ongoing modernization efforts aimed at improving fuel efficiency and reducing emissions.
Wizz Air Holdings, the Hungarian low-cost airline, reported mixed financial results for the third quarter of 2024, with a 0.5% increase in total revenue to $3.0 billion. Despite this modest growth, the airline experienced a 21.3% decline in net profit, which fell to $315.2 million. The airline’s total cash holdings remain substantial at $1.85 billion, reflecting its ability to maintain liquidity even amid…
Spring Airlines, a major low-cost carrier in China, has unveiled plans for a share repurchase valued between $21 and $42 million. The repurchase will be conducted through centralized bidding and is set to be entirely self-funded, reflecting the airline’s financial strength and commitment to enhancing shareholder value.
Shanghai Airlines has significantly strengthened its financial position by increasing its registered capital by 82%, reaching a total of $1.4 billion. This capital boost underscores the airline’s commitment to reinforcing its financial stability and preparing for potential expansion in the competitive Chinese aviation market.
LATAM Airlines Group, based in Chile, announced a 7.6% increase in total operating revenues for the third quarter of 2024, reaching $3.28 billion. The airline also reported a net income of $301 million and maintained a liquidity position of approximately $3.6 billion, reflecting a stable financial standing in an evolving aviation landscape.
GOL, the Brazilian airline, has entered into a Plan Support Agreement with the Abra Group (UK), its affiliates, and unsecured creditors to facilitate the airline’s financial restructuring under Chapter 11. This agreement will reduce GOL’s prepetition debt and obligations by approximately $2.5 billion, a substantial move aimed at stabilizing its finances and preparing for a sustainable future.
