Gewan Airways, a new cargo airline based in Bishkek, Kyrgyzstan, officially commenced commercial flight operations on October 17, 2024.
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Airbus is actively evaluating the potential launch of the A220-500, an extended version of its A220 family, with production plans hinging on reaching a key milestone. According to Joost Van der Heijden, Senior Vice President for Commercial Aircraft Marketing at Airbus, the decision to proceed with the A220-500 will be considered once A220 production achieves…
Pelita Air Service, an Indonesian airline, has strengthened its fleet by acquiring a leased A320, serial number 4510, equipped with CFM56-5B4/3 engines. This addition supports Pelita’s goal of expanding its operational capabilities, as the A320 model is highly regarded for its fuel efficiency and reliability on short- to medium-haul routes. The leased aircraft provides Pelita with flexibility in meeting…
Drukair, the national airline of Bhutan, has signed a significant Purchase Agreement with Airbus for the acquisition of five new aircraft.
Air Arabia, a leading low-cost airline based in the UAE, has posted strong financial results for the third quarter of 2024, with net profit rising by 8% to $153.5 million. This growth was supported by a 10% increase in turnover, which reached $484 million. The airline’s financial performance reflects its resilience and effective management in a competitive aviation market. Additionally, Air Arabia reported…
Global Crossing Airlines (USA) achieved a notable 23% increase in revenue for the third quarter of 2024, totaling $52.4 million. Despite this revenue growth, the airline’s net loss remained flat at $4.9 million, and it held $7.8 million in cash and restricted cash, underscoring its commitment to operational expansion and financial stability.
Nok Air, a Thailand-based airline, has reported its 9M 2024 financial results, posting a net loss of $36.7 million. The airline’s revenue also saw a decline, falling 12.4% to $156.9 million for the nine-month period. These figures highlight the financial pressures Nok Air continues to face amid challenging market conditions and fluctuations in travel demand.
