Kuwait Airways has appointed Abdul Wahab Al-Shatti as its new Chief Executive Officer (CEO), replacing Ahmed Al-Kuraibani. The leadership transition comes in response to ongoing concerns related to safety oversight and deadline management, which reportedly triggered internal and external pressures for a change in direction at the airline’s executive level.
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Pegasus Airlines, a prominent low-cost carrier from Turkiye, has reported a 19% increase in net profit for the third quarter of 2024, totaling $322 million. However, despite the strong quarterly performance, the airline’s net profit for the first nine months of 2024 saw a slight decline, falling 3% to $332 million. These figures reflect Pegasus Airlines’ adaptability and focus on profitability, even amidst…
Afriqiyah Airways, the national carrier of Libya, has announced the successful return of its Airbus A319, identified by serial number 4004, to active service following a comprehensive maintenance program.
Germany’s Avantiair has announced plans to further expand its fleet by adding a third DHC8-400, set to arrive by the summer 2025 season.
Phoenix Aviation Capital (Ireland) and AIP Capital (US) have jointly announced the acquisition of a Boeing 787-9, identified by serial number 40646. The aircraft is on a long-term lease with American Airlines (US) and was purchased from ORIX Aviation (Ireland).
Juneyao Air, a prominent Chinese airline, has unveiled a share repurchase program intending to buy back up to 31.6 million shares, with the total repurchase amount not exceeding $68.4 million. The repurchase price is capped at CNY 15.80 per share.
Eurowings (Germany) has announced the appointment of Irina Haselmann as managing director of its newly launched tour operator, Eurowings Holidays. This move aligns with the airline’s strategic expansion into the travel and tourism sector, offering customers comprehensive holiday packages.
