Turkish Airlines has revealed plans to expand its global network with the launch of new flights from Istanbul to Lima, Peru and Phnom Penh, Cambodia, expected to begin by June 2025. This route expansion is part of Turkish Airlines’ strategy to increase its presence in underserved regions and strengthen connectivity between Turkey and South America, as well as Southeast Asia. With these…
Lufthansa CEO Carsten Spohr and Italian Economy Minister Giancarlo Giorgetti are scheduled to meet this weekend to address a price dispute regarding the sale of a minority stake in ITA Airways, Italy’s national airline. This high-level meeting aims to overcome differences in valuation that have stalled Lufthansa’s acquisition of a stake in the airline, which the German carrier views as a…
Ethiopian Airlines has entered into a strategic partnership with the government of South Sudan to establish and manage a new national carrier for the country. This agreement marks a significant milestone in South Sudan’s aviation sector, which has long sought to enhance its connectivity and establish a reliable domestic and regional airline presence. Ethiopian Airlines, known for its…
Avianca, Colombia’s flagship airline, has announced the appointment of Nicolas Alvear Velastegui as the Group’s new Chief Financial Officer (CFO). Alvear Velastegui is set to take office on 1 January 2025, bringing his extensive financial expertise to Avianca as the airline pursues strategic initiatives aimed at enhancing financial stability and operational growth. His appointment highlights Avianca’s commitment to reinforcing…
Alitalia, the historic Italian airline, has commenced a mass dismissal process affecting 2,059 employees as part of its ongoing restructuring. This move signifies a major workforce reduction as the company continues to navigate financial difficulties and operational restructuring. The employees impacted by this dismissal will be permanently laid off, marking a significant step in Alitalia’s effort to…
Aerolineas Argentinas, Argentina’s national carrier, is at risk of closure as the government, led by Javier Milei, has proposed a privatization process to address the airline’s financial struggles. This privatization plan is seen as a critical measure to ensure the airline’s sustainability, but it has encountered resistance from employees and unions concerned about job security and potential changes…
Uzbekistan Airways has expanded its fleet with the addition of a third L410 aircraft, dedicated to strengthening regional air transportation through its subsidiary, Silk Avia. This strategic acquisition is focused on improving connectivity within Uzbekistan, particularly in areas where air travel offers a practical alternative to long road journeys. By bolstering its regional capabilities, Uzbekistan Airways aims to foster…
Turkish Airlines, Turkey’s national flag carrier, has expanded its fleet with the addition of a new A321neo, serial number 12075, powered by PW1133G-JM engines. This delivery aligns with Turkish Airlines’ strategy of modernizing its fleet to improve fuel efficiency and environmental performance. The A321neo model is a key asset for the airline, supporting its growing network and offering increased…
Lufthansa, Germany’s flagship airline, is intensifying its efforts to raise liquidity by the end of 2024 through the sale/leaseback (SLB) of an additional nine A320neo and A321neo aircraft. This financial strategy allows Lufthansa to free up cash while retaining operational use of these aircraft, supporting the airline’s liquidity needs amidst ongoing market pressures. Lufthansa has previously employed this approach, raising $247 million during…
Air Senegal has added an Airbus A320 to its fleet through a wet lease agreement with GetJet Airlines, a Lithuanian-based charter and wet lease specialist. This agreement allows Air Senegal to access the aircraft along with crew, maintenance, and insurance, providing immediate operational support without the need for additional internal resources. By bringing in an A320 under this arrangement, Air Senegal…
