El Al Israel Airlines has announced a strong financial performance for 2024, recording a net profit of $545 million as annual revenue climbed 37% to $3.4 billion. The airline also delivered a solid Q4 performance, earning $130 million in net profit, with quarterly revenue rising 26% to $851 million.
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The Canadian government has reportedly sold its 6% stake in Air Canada, which it had acquired in 2021 for $350 million as part of a bailout package to support the airline during the COVID-19 pandemic. This move marks a significant development in the relationship between the government and the nation’s flagship carrier.
Jet2 has expanded its fleet with the delivery of a new Airbus A321neo, bearing serial 12355. The aircraft is powered by LEAP-1A32 engines, offering greater fuel efficiency and lower emissions, aligning with the airline’s growth and sustainability strategy.
United Airlines, one of the largest carriers in the United States, has expanded its fleet with the delivery of a new Airbus A321neo, serial number 11706. This state-of-the-art aircraft is equipped with PW1133G-JM engines, offering enhanced efficiency and reduced environmental impact.
Vietnam Airlines has announced plans to wet lease three additional A320 aircraft to meet the surge in passenger demand during the 2025 Lunar New Year period, which runs from 13 January to 12 February 2025. This strategic move ensures the airline can maintain seamless operations and provide sufficient capacity for travelers during one of the busiest times of the year.
Norwegian, one of Europe’s largest low-cost carriers, has announced an agreement to purchase ten Boeing 737-800 aircraft that are currently part of its leased fleet. The airline will fund the transaction using cash on hand, with the deal expected to be finalized in Q1 2025.
AFI KLM E&M and CFM International (US) have signed an agreement to purchase up to 10 spare LEAP-1A and LEAP-1B engines. These engines will bolster AFI KLM E&M’s portfolio of LEAP Premier MRO services, enabling the company to provide comprehensive maintenance, repair, and overhaul solutions to airline customers globally.
