Jeju Air, a leading South Korean low-cost carrier, has secured approximately US$95 million in cash to strengthen its financial position. This move follows a significant drop in reservations after a recent Boeing 737-800 crash involving another airline, which has raised safety concerns among travelers.
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Sunwing Airlines (Canada) has expanded its fleet with the delivery of a Boeing 737-800, identified by serial number 35145. The aircraft has been acquired under a wet lease agreement with TUI Airways (UK) and is powered by CFM56-7B27 engines, offering reliability and efficiency.
IndiGo, India’s largest airline, has received approval from the Indian government to renew the wet lease of 11 Airbus A320 aircraft from Latvia-based SmartLynx Airlines. This renewal aims to support IndiGo’s operational needs as the carrier addresses an Aircraft on Ground (AOG) issue caused by recurring engine snags affecting its fleet. The wet lease agreement…
The Estonian government has given preliminary approval to proceed with negotiations with aviation investor Lars Thuesen regarding the sale of Nordic Aviation Group and Transpordi Varahaldus, two significant players in Estonia’s aviation sector. This conditional approval allows for the continuation of talks, provided that the Nordic Aviation Group’s board meets specific business performance targets in…
Azorra, a U.S.-based aircraft leasing firm, has delivered the first of two Embraer E195-E2 aircraft to Hunnu Air of Mongolia. The aircraft, with serial number 19020171, represents a historic milestone as the first E2 jet to enter service in Mongolia, signaling a new phase of modernization for the country’s aviation sector.
China Southern Airlines, one of Asia’s largest carriers, has taken delivery of a new Airbus A321neo, serial number 12365. The aircraft is powered by LEAP-1A32 engines, providing improved fuel efficiency and lower emissions, reinforcing the airline’s commitment to sustainability and cost-effective operations.
Wizz Air Holdings, based in Hungary, reported that as of September 30, 2024, it had 41 aircraft on the ground due to ongoing GTF engine-related inspections. This figure marks an improvement over the initial forecast for fiscal 2025, attributed to the expedited induction of quick-turn engines. Wizz Air anticipates an average of 40-45 grounded aircraft over the next 18 months as engine…
