AerCap, a global leader in aircraft leasing headquartered in Ireland, has announced delays in the delivery schedules of several Boeing and Airbus aircraft due to recent production disruptions. Ongoing labor strikes at Boeing have led AerCap to postpone deliveries of eight Boeing aircraft initially slated for 2024, with their delivery now deferred into 2025 and…
Alaska Air Group has reported its financial results for the third quarter ending September 30, 2024, showcasing a strong performance that positions the company at the forefront of the airline industry. The company achieved a GAAP pretax margin of 10.7% and earnings per share (EPS) of $1.84. Excluding special items and mark-to-market fuel hedge accounting…
Boeing and the International Association of Machinists and Aerospace Workers (IAM) have reconvened for contract negotiations following the union’s rejection of an improved contract offer last week. This latest meeting was facilitated by Acting US Labor Secretary Julie Su, who joined the session to help guide productive discussions between the planemaker and union representatives. This…
TAAG Angola Airlines is evaluating the addition of a second Boeing 737-800BCF (Boeing Converted Freighter) and potentially a widebody freighter as it seeks to meet the growing demand for air cargo transport across Africa and beyond. This prospective fleet expansion would enhance TAAG’s capacity to handle increased cargo volumes on regional routes while also supporting…
JD Airlines, a growing player in China’s cargo aviation market, has taken delivery of a Boeing 737-800BCF (Boeing Converted Freighter), serial number 30697. Leased and equipped with CFM56-7B26 engines, this freighter addition aligns with JD Airlines’ strategy to expand its air cargo capabilities amidst increasing demand for air freight services across China. The B737-800BCF is…
Taiwan’s EVA Air has announced that its scheduled deliveries of Boeing 787 aircraft are expected to proceed on time, despite the ongoing strike at Boeing. However, the airline anticipates potential delays in the delivery of its Boeing 777 Freighter (B777F) aircraft due to production slowdowns related to the labor strike. This development reflects EVA Air’s…
Riyadh Air, Saudi Arabia’s new airline backed by the Public Investment Fund, is considering a strategic code-sharing agreement with Cathay Pacific, enhancing its connections in Asia. This collaboration would allow both airlines to expand their reach across Asia and the Middle East, giving Riyadh Air access to Cathay Pacific’s vast network of over 80 destinations…
Aircraft asset manager Stratos has finalized the sale of four aircraft across three separate transactions, enhancing returns for its investors. The sales include two A320 aircraft sold to Avion Express, a 737-300F purchased by a Middle Eastern buyer, and a leased 777-300ER acquired by Altavair-managed investors. The A320s were transferred at lease expiration, while the…
Korean airline T’Way Air has announced an expansion of its European network starting April 2025, with additional flights and the introduction of Boeing 777-300ER aircraft on certain routes. Flights from Seoul Incheon to Frankfurt will increase from four to seven weekly by the end of May, operated with the Airbus A330-200. Additionally, T’Way will upgrade…
Raya Airways has launched a new cargo service connecting Penang International Airport and Hong Kong, with the inaugural flight taking off on October 28, 2024. This service will run five times per week, utilizing A321-200(PCF) freighter aircraft to meet the high demand for express freight across Southeast Asia. The Penang-Hong Kong route is part of…
