flydubai has announced a record profit before tax of $674 million, a 16% increase from the previous year, for the financial year ending December 31, 2024. The airline also saw a 15% rise in revenue, reaching $3.5 billion, reflecting robust demand and network expansion.
Please SUBSCRIBE to view the full content.
First month of membership is free!
Fitch Ratings has recently assigned a ‘BB-’ rating to the special facility revenue bonds proposed by the City of Houston, with a Recovery Rating of ‘RR4’. These bonds, which are guaranteed by United Airlines Holdings (US), represent an important financial measure designed to support airport and related infrastructure within the Houston area. The assigned BB- rating indicates a non-investment grade, yet…
Lufthansa, Germany’s flagship airline, is intensifying its efforts to raise liquidity by the end of 2024 through the sale/leaseback (SLB) of an additional nine A320neo and A321neo aircraft. This financial strategy allows Lufthansa to free up cash while retaining operational use of these aircraft, supporting the airline’s liquidity needs amidst ongoing market pressures. Lufthansa has previously employed this approach, raising $247 million during…
Tianjin Air Cargo (China) has expanded its fleet with the delivery of a Boeing 737-800, identified by serial number 34707. The aircraft, leased for operations, is powered by CFM56-7B26 engines, providing reliability and efficiency.
Riyadh Air, Saudi Arabia’s emerging national carrier, has secured over 2,500 slots at King Khalid International Airport (RUH). This milestone aligns with the airline’s ambitious strategy to establish Riyadh as a global aviation hubby 2030, a key component of Saudi Arabia’s Vision 2030 initiative.
Grupo Aeromexico, one of Mexico’s leading carriers, reported a steady rise in passenger numbers for November 2024, highlighting a 0.3% year-on-year increase to reach 2.0 million passengers. The airline also saw notable growth in key operational metrics, reflecting its robust recovery and growing demand for air travel.
The sale of Qazaq Air, the national airline of Kazakhstan, to Vietnam’s SOVICO Group has encountered delays due to the ongoing instability in the Middle East.
Fitch Ratings has recently assigned a ‘BB-’ rating to the special facility revenue bonds proposed by the City of Houston, with a Recovery Rating of ‘RR4’. These bonds, which are guaranteed by United Airlines Holdings (US), represent an important financial measure designed to support airport and related infrastructure within the Houston area. The assigned BB- rating indicates a non-investment grade, yet…
Lufthansa, Germany’s flagship airline, is intensifying its efforts to raise liquidity by the end of 2024 through the sale/leaseback (SLB) of an additional nine A320neo and A321neo aircraft. This financial strategy allows Lufthansa to free up cash while retaining operational use of these aircraft, supporting the airline’s liquidity needs amidst ongoing market pressures. Lufthansa has previously employed this approach, raising $247 million during…
Tianjin Air Cargo (China) has expanded its fleet with the delivery of a Boeing 737-800, identified by serial number 34707. The aircraft, leased for operations, is powered by CFM56-7B26 engines, providing reliability and efficiency.
Riyadh Air, Saudi Arabia’s emerging national carrier, has secured over 2,500 slots at King Khalid International Airport (RUH). This milestone aligns with the airline’s ambitious strategy to establish Riyadh as a global aviation hubby 2030, a key component of Saudi Arabia’s Vision 2030 initiative.
Grupo Aeromexico, one of Mexico’s leading carriers, reported a steady rise in passenger numbers for November 2024, highlighting a 0.3% year-on-year increase to reach 2.0 million passengers. The airline also saw notable growth in key operational metrics, reflecting its robust recovery and growing demand for air travel.
The sale of Qazaq Air, the national airline of Kazakhstan, to Vietnam’s SOVICO Group has encountered delays due to the ongoing instability in the Middle East.
Fitch Ratings has recently assigned a ‘BB-’ rating to the special facility revenue bonds proposed by the City of Houston, with a Recovery Rating of ‘RR4’. These bonds, which are guaranteed by United Airlines Holdings (US), represent an important financial measure designed to support airport and related infrastructure within the Houston area. The assigned BB- rating indicates a non-investment grade, yet…
Lufthansa, Germany’s flagship airline, is intensifying its efforts to raise liquidity by the end of 2024 through the sale/leaseback (SLB) of an additional nine A320neo and A321neo aircraft. This financial strategy allows Lufthansa to free up cash while retaining operational use of these aircraft, supporting the airline’s liquidity needs amidst ongoing market pressures. Lufthansa has previously employed this approach, raising $247 million during…
Tianjin Air Cargo (China) has expanded its fleet with the delivery of a Boeing 737-800, identified by serial number 34707. The aircraft, leased for operations, is powered by CFM56-7B26 engines, providing reliability and efficiency.
Riyadh Air, Saudi Arabia’s emerging national carrier, has secured over 2,500 slots at King Khalid International Airport (RUH). This milestone aligns with the airline’s ambitious strategy to establish Riyadh as a global aviation hubby 2030, a key component of Saudi Arabia’s Vision 2030 initiative.
Grupo Aeromexico, one of Mexico’s leading carriers, reported a steady rise in passenger numbers for November 2024, highlighting a 0.3% year-on-year increase to reach 2.0 million passengers. The airline also saw notable growth in key operational metrics, reflecting its robust recovery and growing demand for air travel.
The sale of Qazaq Air, the national airline of Kazakhstan, to Vietnam’s SOVICO Group has encountered delays due to the ongoing instability in the Middle East.
