| | |

Kenya Airways Secures Government Loan Waiver

ByAdmin

Kenya Airways has secured critical financial relief as its 2024 annual report reveals the Kenyan government granted a waiver on both interest and principal repayments through June 2025. This move aims to ease the ongoing financial pressures faced by the national carrier, which has been battling persistent losses and high operational costs.

Please SUBSCRIBE to view the full content.
First month of membership is free!

Similar Posts

| | |

Flybondi Sued Over Alleged Noncompliance With Maintenance Suspension

ByAdmin

Flybondi, Argentina’s leading ultra-low-cost carrier, has been sued by the Argentine justice system over allegations that it failed to comply with a directive issued by ANAC (Administración Nacional de Aviación Civil) to temporarily suspend its aircraft maintenance operations at Ezeiza International Airport in October 2024. The legal action also places significant focus on ANAC authorities, who are being primarily targeted in the lawsuit.

| |

TransVerde Airlines Seeks $15M to Launch Cabo Verde Domestic Operations

ByAdmin

TransVerde Airlines, a new carrier in Cabo Verde, is actively seeking $15 million through a mix of equity and debt financing to fund the launch of its domestic passenger and cargo operations. The airline, led by founder and president Rui Lima, plans to operate with three leased ATR42/72 aircraft. Brookfield Aviation Finance from the UK is advising TransVerde on securing the necessary funding, which will…

| |

Air New Zealand Forecasts Up To $112M FY2025 Earnings

ByAdmin

Air New Zealand has projected its earnings before taxation for fiscal year 2025 to fall within the range of $88 million to $112 million, a forecast that includes $20–24 million in expected compensation for aircraft that have been grounded. The airline disclosed that 11 aircraft remain grounded, primarily due to global supply chain challenges and delays in maintenance cycles.

| |

Azul Rejoins ABEAR After Five-Year Absence

ByAdmin

Azul, one of Brazil’s leading airlines, has rejoined the Brazilian Airline Association (ABEAR) after a five-year hiatus. Azul initially left the association amid disagreements with rival airlines, but this decision to return marks a renewed commitment to collaboration within Brazil’s aviation industry. By rejoining ABEAR, Azul signals a positive shift toward unified efforts in addressing…

|

Jazeera Airways to Launch Direct Flights to Budapest

ByAdmin

Jazeera Airways (Kuwait) has entered into a Memorandum of Understanding (MOU) with Budapest Airport(Hungary) to commence direct flights for the summer 2025 season. This agreement marks a significant step in enhancing connectivity between the Middle East and Central Europe. The partnership reflects Jazeera Airways’ strategic expansion plans, aiming to tap into new markets and provide passengers with more travel options. The addition…