China Airlines has secured a long-term lease agreement for three Airbus A321neo aircraft from Avolon (Ireland), with lease terms spanning 144 months. This strategic move comes as the airline navigates global supply chain challenges affecting aircraft deliveries and operational expansion.
Etihad Airways has announced the promotion of Capt. Majed Al Marzouqi to the position of Chief Operating Officer (COO). Previously serving as Vice President of Safety and Quality, Capt. Al Marzouqi has been instrumental in enhancing the airline’s safety protocols and quality standards.
Lufthansa Group is adjusting its capacity growth strategy by focusing on more cost-efficient AOCs (Air Operator Certificates) within its network. In 2025, the group will add 15 new aircraft to its City Airlines and Discover Airlinessubsidiaries, both of which offer lower operating costs compared to the main Lufthansa brand. This strategic shift aims to improve cost efficiency and maximize profitability while maintaining network expansion.
Air Canada has expanded its fleet with the addition of a new Boeing 737-8, identified by serial number 66477, further enhancing its operational efficiency. The aircraft is powered by LEAP-1B27 engines, offering improved fuel efficiency, lower emissions, and reduced operating costs.
Turkish Airlines has expanded its fleet with the addition of a new Airbus A321neo, further enhancing its operational capabilities. The newly delivered aircraft, identified by serial number 12431, is powered by PW1133G-JM engines, which provide increased fuel efficiency and lower emissions.
Iberia, the Spanish flag carrier, has expanded its fleet with the addition of a new Airbus A320neo. The aircraft, identified by serial number 8601, has been acquired on lease and is powered by PW1127G-JM engines, offering improved fuel efficiency and environmental benefits.
TAP Air Portugal has successfully secured US$210 million in financing, with the debt maturing in 2029 and carrying an interest rate of 4.467%. This strategic financial move is part of TAP’s ongoing efforts to strengthen its capital structure and support its operational and strategic initiatives.
SWISS has reported a robust financial performance for the 2024 fiscal year, achieving an operating profit of US$769 million. This marks the airline’s second-highest annual earnings in its history, following record results in 2023. The airline also recorded total revenues of US$6.2 billion, reflecting a 6% increase from the previous year and reaching an all-time high.
Lufthansa Group, Germany’s flagship airline conglomerate, reported a 6% increase in revenue for the fiscal year 2024, totaling US$40.2 billion. The company’s Adjusted EBIT (Earnings Before Interest and Taxes) for the year was US$1.7 billion, with the fourth quarter contributing US$501 million to this figure.
Austrian Airlines, the national carrier of Austria, reported a 40% year-over-year decline in its 2024 adjusted EBIT, amounting to US$81.3 million. This decrease comes despite a 5% increase in annual revenue, which reached US$2.6 billion.
