Clover Aviation Capital has received the Engine Finance Deal of the Year award at the Airline Economics Aviation 100 European Awards 2026 for its innovative Japanese Operating Lease (JOL) transaction supporting eight Pratt & Whitney PW1133GA-JM engines with Wizz Air.
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Virgin Australia is advancing its plans to reintroduce long-haul international services to Europe by June 2025. The airline is on track to receive approval from the Australian Competition and Consumer Commission (ACCC) for its proposed wet lease of aircraft from Qatar Airways.
Global Crossing Airlines Group, a U.S.-based charter and ACMI service provider, has reported first-quarter 2025 revenue of $66.6 million, marking a 24% year-over-year increase. Despite this significant revenue growth, the airline posted a modest net loss of $200,000, illustrating a near break-even performance.
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.
Embraer has signed a long-term extension of its heavy maintenance agreement with Republic Airways, ensuring continued support for the airline’s fleet of over 240 Embraer E170 and E175 aircraft. The jets will continue to undergo major maintenance at Embraer’s Services & Support facility in Nashville, Tennessee, where Republic has been performing heavy checks since 2011.
Aegean Airlines, the flag carrier of Greece, has announced its financial results for the first quarter of 2025, showing a 14% increase in revenue year-over-year to $347 million. The growth reflects stronger demand and capacity expansion in the post-pandemic recovery period, especially during the early spring season. However, the airline posted an after-tax loss of $7.4 million, largely attributed to seasonal…
Frontier Airlines is preparing to take delivery of a new Airbus A320neo, further advancing its fleet modernization program aimed at efficiency and environmental sustainability. The aircraft, identified by Manufacturer Serial Number (MSN) 12896 and registration N405FR, represents the latest addition to the airline’s growing fleet of new-generation Airbus narrowbody aircraft.
