flynas, a prominent low-cost airline based in Saudi Arabia, has announced the successful closure of a Murabaha financing agreement with Bank Aljazira, valued at $132 million. This financing arrangement is designated for the acquisition of three Airbus A320neo aircraft, aligning with flynas’s ongoing efforts to expand and modernize its fleet.
Vietnam Airlines, the national flag carrier of Vietnam, has announced its financial projections for 2025, anticipating a 14% increase in revenues, exceeding $3.7 billion, and a pre-tax profit of $85.3 million. This forecast comes on the heels of a remarkable turnaround in 2024, where the airline reported a record pre-tax profit of 7.32 trillion VND (approximately $287.7 million), effectively ending a…
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of American Airlines Group Inc. at ‘B+’. This rating reflects the company’s ongoing efforts to manage its financial profile amidst a competitive industry landscape.
Eastar Jet, a prominent low-cost airline based in South Korea, has successfully secured a $21 million investmentfrom SG Private Equity, a private equity firm headquartered in Seoul. This strategic infusion of capital is aimed at bolstering Eastar Jet’s efforts to expand its fleet and strengthen its operational capabilities.
Avation PLC, a Singapore-based commercial passenger aircraft leasing company, has released its unaudited financial results for the six months ended December 31, 2024. The company reported a profit after tax of US$868,000, marking a significant turnaround from the loss recorded in the same period last year.
Asia Aviation Public Company Limited (AAV), the sole shareholder of Thai AirAsia (TAA), has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company experienced a notable decline in net profit during the fourth quarter, contrasting with significant profit growth over the entire year.
In a strategic move to bolster transparency and rebuild investor trust, Capital A Berhad, the parent company of AirAsia, has declared its intention to publish internal business targets in conjunction with its quarterly financial disclosures. This decision reflects the company’s commitment to providing stakeholders with a clearer understanding of its financial trajectory and operational objectives.
In a move to bolster transparency and accountability, AirAsia X (AAX) has announced the implementation of internal financial targets as part of its regular financial disclosures. This strategic initiative is designed to offer investors and stakeholders enhanced clarity regarding the airline’s financial health and operational objectives.
Volaris, Mexico’s leading ultra-low-cost airline, posted a net income of $46 million for the fourth quarter of 2024, despite a 7% decline in operating revenue to $835 million. The airline’s financial position remained strong, with total cash, cash equivalents, restricted cash, and short-term investments reaching $954 million.
flydubai has announced a record profit before tax of $674 million, a 16% increase from the previous year, for the financial year ending December 31, 2024. The airline also saw a 15% rise in revenue, reaching $3.5 billion, reflecting robust demand and network expansion.
