Jazeera Airways Posts 66% Profit Increase in 3Q 2024

ByAdmin 05/11/202407/11/2024

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 on rising passenger demand in the region.

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Philippine Airlines to Retain B777-300ER Lease Until 2029

ByAdmin 20/01/202523/01/2025

Avation, a Singapore-based aircraft lessor, has announced that Philippine Airlines (PAL) has not exercised the early termination option for its leased Boeing B777-300ER. As a result, the lease will continue through its full term, set to expire in December 2029.

Airlines | Boeing | COMAC | Crisis | Fleet

China Tariffs May Impact Boeing Orders From Chinese Airlines

ByAdmin 11/04/202514/04/2025

China’s imposition of retaliatory tariffs in response to trade policies introduced under US President Donald Trump is set to impact the financial feasibility of Boeing aircraft acquisitions by Chinese airlines. These tariffs, targeting key US exports, include significant increases on large civil aircraft, which could prompt Chinese carriers to rethink their fleet procurement strategies.

Airlines | Boeing | Delivery | Fleet | Rolls Royce

Air Atlanta Icelandic Takes Delivery of First B777-200

ByAdmin 08/01/202512/01/2025

Air Atlanta Icelandic, a leading Icelandic charter and ACMI operator, has taken delivery of its first Boeing 777-200. The aircraft, identified by serial number 28513, is powered by Trent 884-17 engines, signifying a major milestone in the airline’s fleet development.

FlyKhiva Converts Boeing 737-300 from Wet Lease to Dry Lease with Icelandair

ByAdmin 02/03/202505/03/2025

FlyKhiva, a growing Uzbek airline, has transitioned one of its two Boeing 737-300 aircraft from a wet lease to a dry lease with Icelandair. The first aircraft, serial number 30179, has already been converted, while the second aircraft, serial number 29434, is expected to follow in due course. This move signifies FlyKhiva’s increasing operational independence as it moves toward self-sufficiency in aircraft management.

Airlines | Bankruptcy

Viva Air Peru Enters Bankruptcy Proceedings

ByAdmin 19/02/202520/02/2025

Viva Air Peru, the low-cost carrier that ceased operations in February 2023, has been placed under ordinary bankruptcy proceedings, according to the competition regulator. This development formalizes the airline’s financial collapse, opening the way for creditors to seek repayment.

Wizz Air Takes Delivery Of A321neo, Serial 11735

ByAdmin 21/04/202521/04/2025

Wizz Air, the ultra-low-cost carrier based in Hungary, has taken delivery of a new Airbus A321neo, identified by serial number 11735, as part of its fleet expansion strategy aimed at increasing capacity and reducing per-seat operating costs. The aircraft is powered by LEAP-1A32 engines from CFM International, offering enhanced fuel efficiency and lower emissions.

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