Air New Zealand has announced that Nikhil Ravishankar, its current Chief Digital Officer, will become the airline’s new Chief Executive Officer, succeeding Greg Foran, who steps down on 20 October. Ravishankar’s promotion marks a significant leadership shift, bringing deep digital expertise and strategic insight to the helm of one of the region’s most recognized carriers.
Arena Aviation Capital has successfully completed the acquisition of a portfolio of ten Embraer E190-100LR aircraft, all of which are leased to AeroMexico, in a landmark transaction for the company’s growing portfolio. The acquisition, finalized on June 17, 2025, marks Arena’s first foray into the regional aircraft space, executed on behalf of a US-based investor client.
Singapore Airlines has reported a sharp 59% decline in net profit for its first fiscal quarter, citing heavy losses from its equity stake in Air India, which has recently faced multiple challenges, including a fatal crash and broader operational turbulence. Net profit dropped to $404 million from $986 million during the same period last year.
Air New Zealand has officially received the second of its two Airbus A321neo aircraft, further enhancing its narrowbody fleet with the latest generation fuel-efficient jet. The newly delivered aircraft bears the manufacturer serial number 12593 and is registered as ZK-NNI.
Emirates has unveiled a fresh wave of strategic commercial appointments, elevating UAE National leaders to key country management roles across West Asia, the Indian Ocean, and Africa. These appointments, effective 1 August 2025, are aimed at reinforcing the airline’s international commercial presence while contributing to the UAE’s Emiratisation strategy by developing national talent in global roles.
Air Canada delivered robust results for the second quarter of 2025, achieving operating revenues of $5.632 billion, a 2% increase year over year. The carrier posted operating income of $418 million and adjusted EBITDA of $909 million, translating to a 16.1% EBITDA margin.
Turkish Airlines, the world’s leading carrier by number of countries served, has successfully executed a new Islamic finance transaction for the acquisition of an Airbus A350. The deal, denominated in Swiss Francs (CHF), was signed with Dubai Islamic Bank (DIB)—the world’s first Islamic bank and the UAE’s largest Shariah-compliant financial institution.
Air India has taken a significant step in its fleet modernization with the delivery of its first Airbus A350-1000 aircraft. The jet, registered as VT-JRO, carries manufacturer serial number (MSN) 719 and is powered by two Rolls-Royce Trent XWB-97 engines, marking a milestone in the airline’s widebody fleet expansion strategy.
AerCap, one of the world’s largest aircraft leasing companies, has announced the delivery of the first of twenty Airbus A321LR aircraft to Etihad Airways. The handover took place at a ceremonial event held at the Airbus Delivery Center in Hamburg, Germany, marking a key milestone in Etihad’s ongoing narrowbody fleet modernization strategy.
Iberia, the flag carrier of Spain, has arranged to wet-lease one Airbus A320-200 aircraft from Titan Airways for a two-month period covering August 1 through September 30, 2025. The move is designed to bolster Iberia’s operational flexibility during the busy summer travel season and mitigate any capacity constraints across its short-haul European network. A wet lease agreement involves the provision of an…
