Ewa Air, based in Mayotte, has announced the appointment of Drissa Samake as its new Chief Executive Officer (CEO). The leadership change comes as the airline prepares to close the 2024-25 fiscal year with a slight deficit, reflecting ongoing financial challenges in the regional aviation market.
CDB Leasing, a leading aircraft lessor based in China, has announced the resignation of Li Haijian as a non-executive director. The resignation was attributed to a change in his work arrangements, according to an official statement from the company.
Arik Air, one of Nigeria’s prominent airlines, has publicly denied claims made by the Asset Management Corporation of Nigeria (AMCON) regarding an alleged debt of $292 million owed to the corporation. The shareholders’ statement comes just two days after AMCON announced that liquidation of the airline remains a possible option.
Tim Clark, president of Emirates, has reaffirmed his belief in the Airbus A380 as a “compelling” aircraft for certain airlines, emphasizing its unique capacity and operational advantages. Clark has also suggested that a modernized versionof the A380 could be up to 25% more fuel-efficient, making it a viable option for future operators.
MTU Aero Engines, a leading German manufacturer of aircraft engines, has announced the appointment of Katja Garcia Vila as its new Chief Financial Officer (CFO). She will replace Peter Kameritsch, who has concluded his contract with the company.
Lufthansa, Germany’s flagship carrier, is making strides in its efforts to return to profitability, according to CEO Jens Ritter. While the initial success of the airline’s restructuring plan is promising, Ritter acknowledges that there is still work to be done to achieve sustained financial recovery.
TAP, Portugal’s flag carrier, has announced the completion of a critical restructuring milestone by acquiring 100% of the shares of its holding company, TAP SGPS. This acquisition marks a significant step in the airline’s plan to restructure and prepare for reprivatization.
Kwon Do-gyun, CEO of Sirius Airlines, a South Korean carrier, has been sent to prosecution on charges of failing to pay wages to employees for a period of 8 months. This development has brought significant attention to the airline’s labor practices and financial management.
airBaltic, the national airline of Latvia, has reached an agreement with the Ministry of Transport to terminate the duties of its existing Supervisory Board. This decision will take effect on 11 February 2025, signaling significant leadership changes within the airline’s governance structure.
T’way Air, a South Korean low-cost carrier, is at the center of strategic business developments as its shareholder, the Daemyung Sono Group, moves to acquire management rights of the airline. This ambitious step could potentially lead to significant changes in South Korea’s aviation landscape.
