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LOT Polish Airlines Seeks to Acquire Boeing 787s from Secondary Market

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LOT Polish Airlines has announced plans to source additional Boeing 787 Dreamliners from the secondary market, as production backlogs and limited delivery slots prevent the airline from receiving new aircraft before the next decade. This move reflects LOT’s strategy to expand its long-haul fleet, ensuring continued growth despite supply chain constraints affecting new aircraft availability.

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Aviation Capital Group Delivers Airbus A350-900 to Air France

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Aviation Capital Group (ACG), a global aircraft leasing company, has announced the delivery of an Airbus A350-900 to Air France. The aircraft, powered by Rolls-Royce Trent XWB engines, has been placed on a long-term lease as part of a multiple-aircraft sale-leaseback (SLB) agreement between ACG and Air France. This transaction aligns with Air France’s ongoing efforts to modernize its fleet with newer,…

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Turkish Airlines Reports Strong 2024 Financial Performance

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Turkish Airlines, Turkey’s national carrier, has announced its financial results for 2024, reporting revenue of $22.5 billion and a net profit of $3.4 billion, marking a 17% increase compared to the previous year. The airline’s cash and cash equivalents reached $1.87 billion, underscoring its robust liquidity and financial stability.

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Avation PLC to Acquire Airbus A320 Leased to Etihad Airways

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Avation PLC, a Singapore-based commercial passenger aircraft leasing company, has announced an agreement to acquire an Airbus A320 aircraft currently leased to Etihad Airways. This strategic acquisition is expected to finalize in March 2025, subject to customary closing conditions, and is set to enhance Avation’s narrow-body aircraft portfolio while diversifying its revenue streams.

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Vietnam Airlines Projects 14% Revenue Increase and $85.3 Million Pre-Tax Profit for 2025

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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…

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Air Mauritius Parts Ways with CEO Charles Cartier; Managing Committee Assumes Leadership

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Air Mauritius has officially announced the departure of Chief Executive Officer (CEO) Charles Cartier, effective immediately. This decision was made during the company’s Annual General Meeting (AGM) held on February 6, 2025, where shareholders chose not to renew Cartier’s mandate. Consequently, a managing committee has been established to oversee the airline’s operations during the transitional period until a new CEO…

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Saudia Takes Delivery of A330-300 on Wet Lease from Wamos Air

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Saudia has expanded its widebody fleet with the addition of one Airbus A330-300, serial 1103, on wet lease from Wamos Air (Spain). The aircraft is powered by Rolls-Royce Trent 772B-60 engines, supporting the airline’s operational requirements.

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Malaysia Airlines Receives Two B737-8 Aircraft

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Malaysia Airlines has expanded its fleet with the delivery of two Boeing B737-8 aircraft, further strengthening its narrowbody operations. The aircraft, identified by serial numbers 43341 and 66376, are both leased and powered by LEAP-1B27 engines, manufactured by CFM International.

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Pakistan to Expedite PIA Privatization by June 2025

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The Pakistan government has announced that it will expedite the privatization process of Pakistan International Airlines (PIA), with an expected completion date of June 2025. This move is part of a broader strategy to restructure and enhance the financial stability of the national carrier ahead of its sale.