Cathay Group Reports $1.2 Billion Profit for 2024 Amid Revenue Growth

ByAdmin 13/03/202513/03/2025

Cathay Group (Hong Kong) has announced strong financial results for 2024, reporting an attributable profit of $1.2 billion, driven by a 10.5% year-on-year increase in revenue to $13.4 billion. The group also ended the year with an available unrestricted liquidity balance of $2.4 billion, reflecting improved financial stability and operational resilience.

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Airlines | Airports | Crisis | Legal

Air Berlin Wins Legal Case Against Isavia

ByAdmin 16/12/202417/12/2024

The Reykjanes District Court has ruled in favor of Air Berlin’s insolvency administrator in a legal case against Isavia, Iceland’s airport operator. The decision allows the administrator to confiscate assets worth over $1.1 million, stemming from a dispute over an aircraft impounded at Keflavík Airport in 2017. The ruling represents a significant victory for Air Berlin’s creditors, as the funds recovered will contribute to…

Japan Airlines Takes Delivery of First A350-1000

ByAdmin 08/12/202410/12/2024

Japan Airlines (JAL) has expanded its fleet with the delivery of its first Airbus A350-1000, bearing serial number 683. The aircraft is powered by Rolls-Royce Trent XWB-97 engines, known for their fuel efficiency and advanced performance capabilities. This delivery is part of a larger order for 13 A350-1000 aircraft, scheduled to arrive within the current fiscal year.

Copa Airlines Expands Fleet with New Boeing 737-8 Deliveries

ByAdmin 16/02/202518/02/2025

Copa Airlines, the flag carrier of Panama, is set to enhance its operational capacity with the planned addition of 13 Boeing 737-8 aircraft to its fleet in 2025. The delivery schedule commences with two aircraft in June, followed by the remaining units throughout the year. Additionally, the airline anticipates the arrival of a Boeing 737-800…

Airlines | Embraer | Flag Carrier | Network

Austrian Airlines Launches Vienna-Ivalo Flights

ByAdmin 29/01/202530/01/2025

Austrian Airlines has officially launched direct flights between Vienna and Ivalo, marking a new seasonal route to Lapland, Finland. The airline began operations on 15 January 2025, utilizing its Embraer E195 aircraft.

Airlines | ATR | Fleet | Freighter Conversion | Sale

ACIA Aero Leasing Sells ATR72-500 to Air Creebec

ByAdmin 23/11/202426/11/2024

ACIA Aero Leasing (Ireland) has announced the sale of an ATR72-500 LCD freighter, identified by serial number 727, to Air Creebec (Canada). This transaction marks a significant milestone as it introduces the first ATR aircraft to Air Creebec’s fleet. The newly acquired freighter is set to enter operations in December 2024.

Airlines | Cities | Countries | Flag Carrier | Network

Qantas to Launch Weekly Nonstop Brisbane–Koror Service in December

ByAdmin 05/11/202407/11/2024

Qantas, Australia’s flagship airline, is set to introduce a new nonstop service connecting Brisbane to Koror, the capital of Palau, with flights commencing on 7 December 2024. This weekly service aims to improve connectivity between Australia and Palau, offering travelers a convenient and direct route to this popular Pacific island destination. Known for its rich…

Airlines | Airports | Crisis | Legal

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