Frontier Airlines is set to expand its fleet with the addition of six Airbus A321neo aircraft and two spare engines in the fourth quarter of 2024, financed through sale/leaseback transactions. This latest delivery round follows the arrival of five A321neos in Q3, bringing the carrier’s total fleet count to 159 by year’s end. Known for…
UK-based Falko Regional Aircraft has completed the acquisition of 11 Embraer E-Jets from Nordic Aviation Capital (NAC) of Ireland. This transaction, part of a sale and purchase agreement initially signed in March 2024, includes E175, E190, and E195 models. These regional jets are currently leased to LOT Polish Airlines, a key operator in Europe’s regional…
Taiwan’s EVA Air has announced that its scheduled deliveries of Boeing 787 aircraft are expected to proceed on time, despite the ongoing strike at Boeing. However, the airline anticipates potential delays in the delivery of its Boeing 777 Freighter (B777F) aircraft due to production slowdowns related to the labor strike. This development reflects EVA Air’s…
Cebu Pacific, the Philippines’ largest low-cost carrier, recently expanded its fleet with the addition of a new Airbus A321neo, serial number 12407. Powered by advanced PW1133G-JM engines from Pratt & Whitney, this latest acquisition marks a step forward in Cebu Pacific’s commitment to sustainability and operational efficiency. The A321neo, known for its fuel efficiency and…
Breeze Airways, the U.S.-based low-cost carrier, has announced plans to continue operating its Embraer aircraft until 2026, extending their service beyond initial projections. This strategic decision reflects the airline’s commitment to maintaining operational flexibility and meeting evolving market demands.
Avianca, Colombia’s flagship carrier, has recently taken delivery of a new Airbus A320neo, serial number 12100, equipped with advanced LEAP-1A26 engines. This latest addition reflects Avianca’s ongoing commitment to fleet modernization, focusing on operational efficiency and environmental sustainability. The LEAP-1A26 engines, produced by CFM International, are well-regarded for their fuel efficiency and reduced emissions, aligning…
Vietnam Airlines has reported a solid financial performance for the first nine months of 2024, achieving a consolidated after-tax profit of $247.6 million alongside a 24.6% increase in total revenue, amounting to $3.3 billion. These results mark a significant improvement in the airline’s financial position, fueled by increased passenger demand across domestic and international routes…
Vietnam’s low-cost carrier Vietjet Aviation announced impressive financial results for the first nine months of 2024, reflecting a strong recovery and growth trajectory. Consolidated revenue reached $2.05 billion, marking a 19% increase from the same period last year, driven by robust passenger demand across domestic and international routes. Consolidated after-tax profit surged by 564%, totaling…
Sun Country Airlines Holdings posted its financial results for the third quarter of fiscal 2024, showing a modest 0.2% increase in total operating revenue, totaling $249.5 million. Despite this slight revenue growth, the airline saw a sharp 69.1% decline in net income, ending the quarter with $2.3 million in profits. This decline in net income…
The State Transport Leasing Company (STLC) of Russia reported a sharp decline in net profit for the first nine months of 2024, despite significant revenue growth. According to the company’s latest financial statement, net profit dropped by 2,750%, amounting to just $4.5 million, a steep fall from previous periods. However, revenue increased by an impressive…
