Fly Gangwon, a low-cost carrier based in Yangyang, Korea, has officially exited its judicial rehabilitation process after 16 months of financial restructuring.
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Emirates (UAE) has announced that it will bring forward the launch of its daily Airbus A350 service between Dubai and Edinburgh to 03 January 2025. This move highlights Emirates’ commitment to enhancing its network and introducing advanced aircraft on key routes.
Deucalion Aviation (UK) has successfully delivered an Airbus A321 to Turkish Airlines on a long-term operating lease, further strengthening its collaboration with the Turkish flag carrier. The aircraft, manufactured in 2012, is equipped with V2527-A5 engines, known for their reliability and efficiency in medium-haul operations.
Airbus has announced key leadership changes, beginning with the renewal of Guillaume Faury’s role as CEO and a continued position on the Executive Board. Additionally, Airbus confirmed that Lars Wagner, currently CEO of MTU Aero Engines, will transition to the Airbus Executive Committee, taking over as CEO of the Commercial Aircraft division. Wagner will replace…
Nok Air, a Thailand-based airline, has reported its 9M 2024 financial results, posting a net loss of $36.7 million. The airline’s revenue also saw a decline, falling 12.4% to $156.9 million for the nine-month period. These figures highlight the financial pressures Nok Air continues to face amid challenging market conditions and fluctuations in travel demand.
AerCap Holdings N.V. reported a solid Q3 2024, delivering a net income of $375 million and an adjusted net income of $463 million, reflecting its strong market position and operational stability. AerCap increased its 2024 adjusted earnings per share (EPS) guidance to around $10.70, driven by record cash flows and high asset utilization. Over the…
Spirit Airlines (US) has expressed “substantial doubt” about its ability to sustain operations through 2025, attributing the concern to significant financial losses and difficult market conditions. This announcement underscores the challenges faced by the low-cost carrier amid heightened competition and rising costs.
