Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has reported a 93% decline in its 2024 net profit, citing the dual impact of lower average airfares and capacity constraints driven by global supply chain and maintenance issues. The carrier posted a net profit of $12 million, down sharply from the prior year.
Air New Zealand has projected its earnings before taxation for fiscal year 2025 to fall within the range of $88 million to $112 million, a forecast that includes $20–24 million in expected compensation for aircraft that have been grounded. The airline disclosed that 11 aircraft remain grounded, primarily due to global supply chain challenges and delays in maintenance cycles.
Air France has expanded its next-generation narrowbody fleet with the delivery of one Airbus A220-300, identified by serial number 55346. The aircraft is equipped with PW1521G-3 engines, part of Pratt & Whitney’s GTF family, known for their fuel efficiency and lower emissions. This delivery marks another step in the airline’s ongoing fleet modernization efforts focused on sustainability and operational…
China Airlines (Taiwan) has received a new Airbus A321neo, serial number 12415, equipped with Pratt & Whitney PW1133G-JM engines, further strengthening the airline’s narrowbody fleet as part of its ongoing modernization program.
Maldivian, the national carrier of the Maldives, has announced the launch of a new regional route connecting Hanimaadhoo in the northern Maldives to Bangalore (India). The service is scheduled to commence on 15 May 2025and will be operated using ATR42 aircraft, enhancing air connectivity between South Asia and the northern atolls of the Maldives.
Vietnam Airlines has taken a significant step in strengthening its financial position by signing a Memorandum of Understanding (MOU) with Citibank (US), securing a funding commitment exceeding US$560 million. The capital injection is aimed at supporting the airline’s long-term strategic investment initiatives, which include fleet renewal, modernization efforts, and infrastructure development.
Japan Airlines (JAL) has announced its intention to raise capital through the issuance of bond-type preferred shares, with an issuance cap of US$1.3 billion. These instruments will not carry voting rights or conversion rights to common stock, positioning them as a hybrid financing mechanism aimed at strengthening the airline’s balance sheet while limiting dilution for existing shareholders.
I Fly Airlines (Russia) has reported a significant threefold increase in revenue for the first quarter of 2025, reaching over US$23 million, largely driven by the ongoing wet lease of three A330 aircraft to fellow Russian carrier Aeroflot. This leasing arrangement has provided a stable revenue stream for I Fly and underscores the growing interdependence between carriers in the Russian market as…
Ghana has initiated formal discussions with World Aviation Group (US) to evaluate the possibility of establishing a new national carrier, reviving efforts to restore a flag carrier presence in the West African nation. This latest move reflects the government’s ongoing ambition to enhance air connectivity, stimulate tourism, and boost regional competitiveness through a domestically-rooted airline.
SriLankan Airlines will no longer undergo privatization, according to a decision by the Sri Lankan government to retain national ownership of the carrier. The move reverses earlier intentions to offload the state-run airline and instead pivots toward internal reform through a new management structure designed to drive profitability.
