HAECO (Hong Kong) has announced a new maintenance partnership with SF Airlines (China) to conduct C-checkson the carrier’s fleet of Boeing 747 freighters (B747F). The checks will be carried out at HAECO’s state-of-the-art facilities in Hong Kong, further strengthening the MRO provider’s foothold in the cargo maintenance segment.
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Jazeera Airways, Kuwait’s leading low-cost airline, reported a strong financial performance for the third quarter of 2024, with a 66.1% increase in net profit, reaching $37.8 million. The airline’s Group operating revenue also grew by 5.7% year-over-year, totaling $211 million. This substantial profit growth underscores Jazeera Airways’ successful strategies in managing operational efficiency and capitalizing…
Cargolux, the Luxembourg-based all-cargo airline, reported a strong financial performance for 2024, with revenues climbing 12.9% year-on-year to $3.3 billion. More notably, the airline achieved a 56.6% increase in net profit, reaching $448 million, underscoring the carrier’s successful adaptation to a post-pandemic global cargo market.
Bonza (Australia) has received a key legal closure following the announcement that former directors of the airline will not face any action from the country’s securities regulators in relation to its recent collapse. The decision brings some finality to one of the most high-profile startup airline failures in recent Australian aviation history.
T’way Air, a low-cost carrier based in South Korea, has reported its Q3 2024 financial results, showing a net loss of $2.2 million despite achieving a 14.5% year-over-year increase in sales to $281 million. The results highlight the challenges faced by the airline industry in balancing revenue growth with rising operational costs.
In September 2024, China Southern Airlines continued to expand and optimize its fleet with the addition of four new aircraft.
El Al, Israel’s flagship carrier, is engaging in discussions with the Israeli government to relax the restrictions imposed on the airline as a condition for receiving state aid during the pandemic. In exchange, the airline is proposing a gradual reduction in the government’s participation in its security expenses.
