Azul, a leading Brazilian airline, has completed a comprehensive debt restructuring plan, resulting in significant shifts in its ownership structure. The restructuring has led to a substantial reduction in the company’s debt by nearly $1.6 billion, as reported by Reuters.
Air Mauritius, facing ongoing financial difficulties, is in urgent need of an equity cash injection, according to its newly appointed chairman, Kremchand Beegoo. The airline is actively working to assess its financial standing, restructure its ownership model, and convince shareholders to support its recovery.
Frank Wulf, the Global Head of Aviation at Nord/LB (Germany), has announced his decision to step down from his role and exit the aviation finance sector, effective January 31, 2025. Citing personal reasons, Wulf will conclude his tenure after a long-standing career in aviation finance.
MTU Maintenance (Germany) has appointed Gernot Sell as the new General Manager of MTU Maintenance Dallas, effective February 1, 2025. He takes over from Nezam Moghadassian, who is retiring after years of leadership within the company.
JetBlue CEO Joanna Geraghty has revealed that the airline is currently in discussions with multiple carriers regarding potential partnerships, with a particular focus on a domestic collaboration. Geraghty emphasized that these talks align with JetBlue’s strategy to expand connectivity and enhance its market position in the U.S. aviation sector.
Boeing CEO Kelly Ortberg has provided an update on the company’s ongoing recovery efforts, emphasizing a renewed focus on core business segments and stabilizing aircraft production. Speaking on the company’s progress, Ortberg highlighted strategic initiatives aimed at strengthening Boeing’s operational efficiency and long-term sustainability.
Air Dolomiti (Italy) has announced the appointment of Valerio Zuppicchiatti as its new Vice President of Operations and Managing Director. This leadership change aims to further strengthen the airline’s operational efficiency and strategic direction.
JetBlue (US) is bracing for a peak in aircraft on ground (AOG) levels within the next one to two years as it continues to deal with the Pratt & Whitney GTF engine issues affecting its fleet. CFO Ursula Hurley has stated that the airline expects the number of grounded aircraft to rise into the mid-to-high teens in 2025, further stressing JetBlue’s operational and financial outlook.
AerFin, a UK-based aviation solutions provider, has announced the appointment of Tamsin Hayward as its new General Counsel. This strategic addition to AerFin’s leadership team reflects the company’s commitment to enhancing its legal and compliance framework to support its global operations.
The Civil Aviation Authority of Bangladesh (CAA) has announced stringent measures to recover outstanding dues from airlines, with a total of $639.4 million owed by six domestic carriers. Among the defaulters are three airlines that ceased operations several years ago, as well as active carriers, with Biman Bangladesh Airlines holding the largest share of the debt.
