TAP Air Portugal, the flag carrier of Portugal, may see its planned privatization process delayed until summer 2025 or potentially later. This news comes from Luis Gallego, CEO of International Airlines Group (IAG), who mentioned that the timing could shift depending on the priorities and plans of Portugal’s new government.
DP Aircraft I, a UK-based aircraft leasing company, has entered into a significant agreement with LOT Polish Airlines for the lease of two Boeing 787-8 aircraft. This arrangement will be managed through DP Aircraft I’s newly established Irish special purpose vehicles (SVPs), named DP Aircraft Ireland MSN 36110 and DP Aircraft Ireland MSN 35320.
Air Canada, one of the leading airlines in North America, has recently enhanced its fleet with the acquisition of a new Boeing 737-8 aircraft. This jet, which bears the serial number 66478, is powered by LEAP-1B27 engines, known for their fuel efficiency and reduced environmental impact.
Kenya Airways, the flag carrier of Kenya, is currently in the process of seeking a strategic investor to aid in its financial recovery and future growth plans. This search is part of a broader strategy that includes completing a significant capital restructuring and enhancing liquidity to ensure sustainable operations.
EPCOR, a subsidiary of the Dutch aerospace group AFI KLM E&M, specializing in Auxiliary Power Unit (APU) services, and Finnair, the flag carrier of Finland, have agreed to extend their maintenance contract for an additional five years. This agreement covers the GTCP331-350 APUs installed on Finnair’s fleet of Airbus A330 aircraft.
Belavia, the national airline of Belarus, is on the verge of significantly bolstering its fleet by adding three Airbus A330aircraft. These planes were previously operated by Magic Air of Gambia and are being repurposed to fit Belavia’s operational needs.
TAP Air Portugal has announced its financial results for 2024, highlighting a net income of $58.0 million. This performance marks a stable year for the airline, with a modest increase in operating revenues of 0.7%, totaling $4.5 billion.
Kenya Airways has achieved a notable financial milestone, reporting its first full-year profit in 12 years. In 2024, the airline recorded a total revenue of $1.5 billion, up 6% from the previous year, culminating in a net profit of $41.7 million. A significant contributor to this success was gains from foreign exchange, a key driver in the airline’s…
Singapore Airlines and ANA All Nippon Airways have been granted conditional approval by the Competition and Consumer Commission of Singapore (CCCS) for their Proposed Commercial Cooperation. This approval marks a significant step forward in formalizing the strategic partnership between the two leading airlines.
Dubai Aerospace Enterprise (DAE), based in the UAE, has successfully delivered the sixth and final Boeing B737 MAX family aircraft to Aeromexico. This delivery marks the completion of DAE’s current mandate with the airline, which included three B737-8 and three B737-9 aircraft.
