Ceiba Intercontinental Unveils 2025 Action Plan Amid Financial Struggles

ByAdmin 24/02/202524/02/2025

Ceiba Intercontinental has formally presented its 2025 action plan to the government of Equatorial Guinea in a bid to tackle economic challenges and stabilize its financial situation. The national carrier has been under increasing pressure due to rising operational costs, fleet maintenance issues, and market conditions, prompting the need for immediate strategic interventions.

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Lessor | Management | Order

TrueNoord Plans Aircraft Orders in 2025

ByAdmin 14/12/202417/12/2024

TrueNoord, a specialist regional aircraft lessor based in the Netherlands, is evaluating potential aircraft orders from OEMs (Original Equipment Manufacturers) for 2025, according to its CEO, Anne-Bart Tieleman. This consideration reflects TrueNoord’s forward-looking strategy to expand its portfolio and meet growing demand for regional aviation assets.

Airlines | Corporation | Merger

Jin Air to Absorb Air Seoul and Air Busan Amid Parent Companies’ Merger

ByAdmin 03/12/202405/12/2024

Jin Air (South Korea) is set to absorb Air Seoul and Air Busan, as the merger of their respective parent companies moves closer to completion. Jin Air, the largest subsidiary of Korean Air, will become a more dominant player in the domestic aviation market through this consolidation.

Corporation | Financial

TUI Group Reports 12% Revenue Growth for 2024

ByAdmin 12/12/202413/12/2024

TUI Group (Germany), a global leader in tourism and travel, has reported a strong financial performance for 2024. The company’s revenue grew by 12% to reach $24.4 billion, underscoring its recovery and growth momentum in the post-pandemic travel industry. The group also recorded an Underlying EBIT of $1.3 billion, reflecting its strategic focus on operational efficiency and market expansion.

Airlines | Network

Volotea to Close Athens Base in Summer 2025

ByAdmin 17/01/202520/01/2025

Volotea, the Spanish low-cost carrier, has announced its decision to close its base at Athens International Airport (ATH) in the summer of 2025. Despite the closure, the airline has confirmed that it will continue operating routes to Athens, ensuring connectivity for passengers traveling to and from the Greek capital.

Airlines | Boeing | CFM International | Delivery | Fleet

Air Changan Receives B737-800 with CFM56-7B24E Engines

ByAdmin 08/01/202512/01/2025

Air Changan, a regional carrier based in China, has taken delivery of a Boeing 737-800 with serial number 38156. The aircraft is powered by CFM56-7B24E engines, renowned for their fuel efficiency and reliability, making it a valuable addition to the airline’s growing fleet.

Airlines | Financial

United Airlines Q3 2024: Revenue Rises, Income Falls

ByAdmin 16/10/202416/10/2024

United Airlines has reported its third-quarter financial results for 2024, showing a total operating revenue increase of 2.5% to $14.8 billion compared to the previous year.

Lessor | Management | Order

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