Garuda Indonesia, the national carrier of Indonesia, has taken decisive steps toward financial recovery and long-term growth by approving the next phase of its restructuring plan, which includes a board reshuffle aimed at expediting strategic execution. Shareholders have endorsed this critical step to improve governance and enhance the airline’s competitiveness as it works to stabilize its balance sheet and…
Afriqiyah Airways, the state-owned Libyan carrier, is facing mounting pressure as unions issued a stark warning about the company’s viability, citing mismanagement and gross financial violations as key threats to its continued operations. The unions have appealed to government authorities for immediate intervention, fearing the airline may soon collapse without corrective action.
ETF Airways, a Croatian charter and ACMI airline, has undergone a significant ownership transition as its management team has acquired the shares previously held by the airline’s initial investors. The buyout was led by CEO Stjepan Bedic, who now holds a majority stake in the company, alongside board member Marko Bankovic.
Airfinance Global has officially merged with fellow UK-based aviation finance intelligence firm Ishka in a significant industry consolidation move. The merger is supported by Foundation Investment Partners, a private equity group that specializes in business services and data-driven enterprises. This merger signals a strategic shift in the competitive landscape of aviation finance analytics and consulting.
Clover Aviation Capital, a Hong Kong-based aircraft lessor, has announced the re-appointment of Jason Bo Yao as an Independent Non-Executive Director to its board of directors, effective 1 July 2025. The decision reflects the company’s commitment to board continuity and governance strength amid evolving market conditions.
Boeing has announced a leadership transition in its finance division with the appointment of Jesus Malave as Executive Vice President and Chief Financial Officer (CFO), effective 15 August 2025. He will succeed Brian West, who will take on a new role as Senior Advisor to Boeing President and CEO Kelly Ortberg.
Aviation Capital Group (ACG) has announced the appointment of Cronan Enright to the newly created position of Head of Strategy. This appointment underscores ACG’s commitment to enhancing its long-term strategic vision as it navigates a rapidly evolving global aviation market.
BOC Aviation, a leading global aircraft operating lessor based in Singapore, has appointed Yogesh Farswani as its new Head of OEM Strategy and Procurement, effective 1 July 2025. The appointment is part of the company’s strategic initiative to strengthen engagement with aircraft and engine manufacturers amid ongoing fleet expansion.
Air Botswana, the flag carrier of Botswana, has appointed seasoned airline executive Dane Kondic as its new Chairman, tasking him with steering the airline through a critical recovery and restructuring phase. This leadership change comes as the carrier seeks to improve performance, rebuild market confidence, and position itself for sustainable growth.
T’way Air, a South Korean low-cost carrier, has appointed Lee Sang-yoon as its new Acting Chief Executive Officer, following a board decision aimed at realigning the airline’s strategic vision and leveraging group synergies. The appointment marks a key leadership transition as the airline navigates expansion and post-pandemic recovery in an increasingly competitive market.
