Ibom Air, a Nigerian-based airline, has reported impressive financial results for the year 2024, with revenue climbing by 43% to $62.1 million and a net profit of $4.4 million. This represents a significant milestone in the airline’s operational maturity and financial resilience, reflecting strong demand, strategic expansion, and improved cost control.
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Avolon (Ireland) CEO Andy Cronin has highlighted a persistent production shortfall by aircraft manufacturers as a key factor shaping the aviation industry. Cronin asserts that this imbalance in supply and demand will continue to drive robust profits for airlines and lessors for at least the next decade.
Air France-KLM has appointed Florence Parly as the new Chair of the Board of Directors for the airline group, marking a notable leadership transition at one of Europe’s largest airline conglomerates. The appointment reflects the company’s continued focus on strategic governance and sustainable growth.
Austrian Airlines has officially launched direct flights between Vienna and Ivalo, marking a new seasonal route to Lapland, Finland. The airline began operations on 15 January 2025, utilizing its Embraer E195 aircraft.
Korean airline T’Way Air has announced an expansion of its European network starting April 2025, with additional flights and the introduction of Boeing 777-300ER aircraft on certain routes. Flights from Seoul Incheon to Frankfurt will increase from four to seven weekly by the end of May, operated with the Airbus A330-200. Additionally, T’Way will upgrade…
Donghai Airlines, a Shenzhen-based carrier, has taken delivery of a Boeing 737-800 under a lease agreement, with the aircraft bearing serial number 61270. The aircraft is powered by CFM International CFM56-7BE engines and will support the airline’s expanding network of domestic and regional routes in China.
Silver Airways and its subsidiary Seaborne Virgin Islands have been granted approval to extend the 60-day period under Section 1110 of the U.S. Bankruptcy Code as part of their ongoing Chapter 11 restructuring efforts. This extension allows the carriers to maintain control of their aircraft and essential assets, ensuring operational continuitywhile they restructure financially.
