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IndiGo Expands Fleet with Wet-Leased B737-8s from Corendon Airlines

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IndiGo (India) has officially expanded its fleet to include Boeing B737-8 aircraft through a wet lease agreement with Corendon Airlines (Turkiye). This marks a significant development for the airline, which has historically operated an Airbus-dominated fleet. The first two aircraft have been delivered, with additional units expected to follow later this month.

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Cambodia Angkor Air Adds ATR72-500 to Fleet for Regional Connectivity

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Cambodia Angkor Air has expanded its fleet with the recent delivery of an ATR72-500 aircraft, identified by serial number 890. Equipped with PW127M engines, the ATR72-500 is expected to bolster Cambodia Angkor Air’s regional capabilities, providing efficient and reliable service across short-haul routes within Southeast Asia.

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Sunwing Airlines Adds B737-800 on Wet Lease from Smartwings

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Sunwing Airlines, a Canadian leisure carrier, recently expanded its fleet with a B737-800, serial number 37077, acquired through a wet lease from Smartwings (Czechia). This aircraft is powered by CFM56-7B26 engines, supporting Sunwing’s operations with enhanced fuel efficiency for regional and holiday-focused routes.

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Riyadh Air and Aramco Sign MOU for Low-Carbon Fuel and Sustainability Collaboration

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Riyadh Air and Aramco, two of Saudi Arabia’s leading entities, have signed a Memorandum of Understanding (MOU) aimed at exploring potential collaboration in the areas of low-carbon fuel supply and sustainability. This agreement sets the stage for both companies to jointly pursue environmental goals that align with Saudi Arabia’s Vision 2030 strategy, which emphasizes sustainable…

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Azul Posts $62.4M Net Income for Q3 2024 with Revenue Growth of 4.3%

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Azul, a prominent Brazilian airline, has reported a net income of $62.4 million for the third quarter of 2024, reflecting a strong performance amidst challenging market conditions. The airline’s operating revenue saw a 4.3% increase, reaching $884 million. Azul’s financial position remains solid, with immediate liquidity reported at $416 million, ensuring operational stability and flexibility for future growth opportunities. The Q3 results underscore Azul’s ability…

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Spirit Airlines Plans to Furlough 330 Pilots and Downgrade Captains Amid Cost-Cutting Measures

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Spirit Airlines is set to furlough approximately 330 pilots on January 31, 2025, as part of an ongoing cost-cutting strategy aimed at shoring up its finances amid a challenging aviation market. This latest round of furloughs follows an initial cut in September 2024, which saw 186 pilots furloughed. Additionally, Spirit plans to downgrade 120 captains…