HAECO to Provide Base Maintenance for PAL Express Narrowbody Fleet

ByAdmin 24/01/202529/01/2025

HAECO, a global provider of aircraft engineering and maintenance services based in Hong Kong, has entered into a new agreement with PAL Express, the low-cost carrier of Philippine Airlines, to provide base maintenance services for its narrowbody fleet of Airbus A320 and A321 aircraft. The agreement will commence in 2025, further solidifying HAECO’s presence in the Asia-Pacific region.

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Airlines | Financial | Flag Carrier

TAROM Faces Challenges Despite Improved 2023 Results

ByAdmin 20/11/202422/11/2024

TAROM, Romania’s national airline, may need to go beyond its current restructuring plan to secure its future, according to an independent auditor. This assessment comes despite the airline showing improved financial results for 2023, indicating progress but not enough to address long-term sustainability.

Airlines | Boeing | Delivery | Flag Carrier | Fleet

Royal Air Maroc Receives New B787-9 Aircraft

ByAdmin 25/11/202427/11/2024

Royal Air Maroc, Morocco’s national carrier, has taken delivery of a new Boeing 787-9 Dreamliner, serial number 64981. This delivery marks another step in the airline’s ambitious fleet expansion plan, which includes an order for ten B787-9 aircraft.

Airlines | Financial

Akasa Air Secures $130M via Stake Sale

ByAdmin 14/12/202417/12/2024

Akasa Air, a fast-growing airline based in India, will receive a capital injection of $130-140 million following a minority stake sale to a consortium of Indian investors, including Premji Invest and Claypond Capital. This strategic move underscores the airline’s commitment to expansion and strengthening its financial position.

Airlines | Financial | Quarterly Performance

El Al Reports $545 Million Profit for 2024, Sets $4 Billion Revenue Target for 2030

ByAdmin 13/03/202513/03/2025

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.

Corporation | MRO | Partnership

ATS Technic and ATS Maintenance Form Strategic Partnership for Enhanced Aircraft Maintenance

ByAdmin 27/10/202428/10/2024

ATS Technic, based in the UAE, and ATS Maintenance from Denmark have announced a strategic partnership designed to enhance aircraft maintenance operations across Europe and the Middle East.

Airlines | Management

Virgin Australia Awaits Federal Approval Before CEO Announcement

ByAdmin 14/01/202515/01/2025

Virgin Australia is holding off on announcing its new CEO as it awaits federal government approval for its proposed partnership deal with Qatar Airways. The decision to delay reflects the airline’s focus on securing strategic alignment with Qatar Airways, which could influence its leadership direction.

Airlines | Financial | Flag Carrier

Airlines | Management

Virgin Australia Awaits Federal Approval Before CEO Announcement

ByAdmin 14/01/202515/01/2025

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