Avianca, Colombia’s flag carrier, has announced plans to resume flights between Bogota (BOG) and Havana (HAV)starting December 16, 2024. The route will be operated using the Airbus A320neo, a modern and fuel-efficient aircraft designed for comfortable and cost-effective operations.
Thai Airways International is on track to exit its rehabilitation plan by mid-February 2025, marking a significant milestone in the airline’s recovery journey. The carrier, which has made strides in improving its financial situation, is also expected to resume trading on the stock exchange by May 2025.
TAROM, Romania’s national airline, may need to go beyond its current restructuring plan to secure its future, according to an independent auditor. This assessment comes despite the airline showing improved financial results for 2023, indicating progress but not enough to address long-term sustainability.
TAP Air Portugal, the nation’s flag carrier, is garnering significant attention ahead of its planned privatization in 2025. Among the interested parties is Humberto Pedrosa, a former shareholder and influential figure in TAP’s history, who has expressed readiness to reinvest in the airline.
Uganda Airlines has announced plans to lease two Airbus A320neo aircraft starting June 2025. This strategic move aims to optimize fleet utilization by freeing up the airline’s A330neo aircraft for expanded services, including operations to Abuja, Nigeria.
IAT Leasing, an Ireland-based leasing company, has announced the acquisition of a 2013 Airbus A330-300, serial number 789, from Castlelake, a U.S. private investment firm. The aircraft is currently leased to Aer Lingus, a leading Irish carrier, and was acquired on behalf of a U.S. investor partner.
Ethiopian Airlines Group, Africa’s largest airline, has reported a minimal financial impact from the more than 50% depreciation of the Ethiopian birr in 2024. The airline attributes this resilience to its robust income from international operations, which has effectively offset the currency’s sharp decline.
Japan Airlines (JAL) is preparing to place orders for regional jets in 2025, with the first deliveries anticipated in its fiscal year 2028, which begins on April 1, 2028. This strategic move aims to modernize JAL’s domestic fleet and improve regional connectivity across Japan.
Thai Airways International has commenced the Voluntary Debt-to-Equity Conversion period for its creditors, effective November 18, 2024. This initiative is a pivotal component of the airline’s ongoing business rehabilitation plan, aiming to strengthen its financial structure and enhance operational stability.
TAP Air Portugal has reported a 35% decrease in net profit for the third quarter of 2024, totaling $124.1 million. This decline comes despite a 2% increase in operating revenues, which reached $1.35 billion during the same period.
