FTAI Aviation, headquartered in the Cayman Islands, has announced plans to redeem all outstanding 4,940,000 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares. The redemption price is set at $25.00 per Series B Share in cash, along with an additional $2.4 million covering accumulated and unpaid distributions.
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SWISS has reported a robust financial performance for the 2024 fiscal year, achieving an operating profit of US$769 million. This marks the airline’s second-highest annual earnings in its history, following record results in 2023. The airline also recorded total revenues of US$6.2 billion, reflecting a 6% increase from the previous year and reaching an all-time high.
Air Serbia achieved notable passenger growth in October 2024, carrying a total of 381,386 passengers across its scheduled and charter services. This figure marks a 4% increase compared to October of the previous year, highlighting the airline’s steady recovery and expansion in the regional and international markets.
Allegiant Travel Company has released its fourth-quarter and full-year 2024 financial results, showing modest revenue growth but continued net losses. In Q4 2024, the company reported total operating revenue of $627.7 million, reflecting a 2.7% increase compared to the previous year. However, the airline posted a net loss of $216.2 million for the quarter.
Eurowings, a subsidiary of the Lufthansa Group, is expanding its business by founding its own tour operator, Eurowings Holidays. The new company is scheduled to commence operations on April 1, 2025, aiming to offer customized travel packages to its customers.
Lilium GmbH, the German electric aircraft startup known for developing the Lilium Jet, has entered into an asset purchase agreement with Mobile Uplift Corporation GmbH, a consortium of investors from Europe and North America. This development follows Lilium’s recent financial challenges, culminating in the cessation of operations and the layoff of approximately 1,000 workers on December 20, 2024.
Eviation (US), the developer of the all-electric Alice aircraft, has reportedly laid off most of its workforce as it seeks new funding sources to continue operations. The move highlights ongoing financial difficulties for the company as it attempts to navigate challenges in the electric aviation sector.
SWISS has reported a robust financial performance for the 2024 fiscal year, achieving an operating profit of US$769 million. This marks the airline’s second-highest annual earnings in its history, following record results in 2023. The airline also recorded total revenues of US$6.2 billion, reflecting a 6% increase from the previous year and reaching an all-time high.
Air Serbia achieved notable passenger growth in October 2024, carrying a total of 381,386 passengers across its scheduled and charter services. This figure marks a 4% increase compared to October of the previous year, highlighting the airline’s steady recovery and expansion in the regional and international markets.
Allegiant Travel Company has released its fourth-quarter and full-year 2024 financial results, showing modest revenue growth but continued net losses. In Q4 2024, the company reported total operating revenue of $627.7 million, reflecting a 2.7% increase compared to the previous year. However, the airline posted a net loss of $216.2 million for the quarter.
Eurowings, a subsidiary of the Lufthansa Group, is expanding its business by founding its own tour operator, Eurowings Holidays. The new company is scheduled to commence operations on April 1, 2025, aiming to offer customized travel packages to its customers.
Lilium GmbH, the German electric aircraft startup known for developing the Lilium Jet, has entered into an asset purchase agreement with Mobile Uplift Corporation GmbH, a consortium of investors from Europe and North America. This development follows Lilium’s recent financial challenges, culminating in the cessation of operations and the layoff of approximately 1,000 workers on December 20, 2024.
Eviation (US), the developer of the all-electric Alice aircraft, has reportedly laid off most of its workforce as it seeks new funding sources to continue operations. The move highlights ongoing financial difficulties for the company as it attempts to navigate challenges in the electric aviation sector.
SWISS has reported a robust financial performance for the 2024 fiscal year, achieving an operating profit of US$769 million. This marks the airline’s second-highest annual earnings in its history, following record results in 2023. The airline also recorded total revenues of US$6.2 billion, reflecting a 6% increase from the previous year and reaching an all-time high.
Air Serbia achieved notable passenger growth in October 2024, carrying a total of 381,386 passengers across its scheduled and charter services. This figure marks a 4% increase compared to October of the previous year, highlighting the airline’s steady recovery and expansion in the regional and international markets.
Allegiant Travel Company has released its fourth-quarter and full-year 2024 financial results, showing modest revenue growth but continued net losses. In Q4 2024, the company reported total operating revenue of $627.7 million, reflecting a 2.7% increase compared to the previous year. However, the airline posted a net loss of $216.2 million for the quarter.
Eurowings, a subsidiary of the Lufthansa Group, is expanding its business by founding its own tour operator, Eurowings Holidays. The new company is scheduled to commence operations on April 1, 2025, aiming to offer customized travel packages to its customers.
Lilium GmbH, the German electric aircraft startup known for developing the Lilium Jet, has entered into an asset purchase agreement with Mobile Uplift Corporation GmbH, a consortium of investors from Europe and North America. This development follows Lilium’s recent financial challenges, culminating in the cessation of operations and the layoff of approximately 1,000 workers on December 20, 2024.
Eviation (US), the developer of the all-electric Alice aircraft, has reportedly laid off most of its workforce as it seeks new funding sources to continue operations. The move highlights ongoing financial difficulties for the company as it attempts to navigate challenges in the electric aviation sector.
