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.
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.
