Lufthansa Technik, Air Canada Extend MRO Agreements

ByAdmin 11/07/202514/07/2025

Lufthansa Technik, a global leader in aircraft maintenance and engineering services, and Air Canada have further strengthened their partnership by extending multiple exclusive maintenance agreements. The renewed contracts cover engine maintenance services for the CFM56-5B, and Total Component Support (TCS) for Boeing 777 and Boeing 737 MAX aircraft.

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Airlines | Financial | IPO

WestJet Considers IPO As Future Growth Path

ByAdmin 12/06/202513/06/2025

WestJet, one of Canada’s largest airlines, is considering an initial public offering (IPO) as part of its long-term strategic roadmap. The update was shared by Onex Corporation, the airline’s parent company, which has described a public offering as a “natural path” for the airline’s continued evolution and expansion.

Airlines | De Havilland | Fleet | For Lease

Island Aviation Issues RFP To Sell DHC8 MSN 546

ByAdmin 15/07/202517/07/2025

Island Aviation Services, the state-owned airline of the Maldives, has reissued a request for proposals (RFP) for the sale of one DHC8 turboprop aircraft, identified by manufacturer serial number 546. The RFP outlines an opportunity for interested buyers to acquire the aircraft through a competitive bidding process, with bids due no later than 21 July 2025.

Airlines | Bankruptcy | Financial

GOL Proposes $3.4 Billion Capital Increase To Exit Chapter 11

ByAdmin 12/05/202513/05/2025

GOL, one of Brazil’s leading airlines, has proposed a substantial $3.4 billion capital increase through share issuance as part of its strategy to exit Chapter 11 bankruptcy protection. The plan marks the most significant financial restructuring move by the company since it filed for bankruptcy earlier this year in the United States.

Airlines | Sale

Pakistan International Airlines May Be Sold to Foreign Government

ByAdmin 14/11/202418/11/2024

Pakistan International Airlines (PIA) may soon be sold to a foreign government, with negotiations likely to be conducted with Qatar or Abu Dhabi following a recent bid rejection. The Privatization Commission reportedly turned down a low bid from the Blue World Consortium (Pakistan), setting the stage for potential foreign ownership. This development is aligned with Pakistan’s goals to privatize its struggling national carrier, which has…

Airlines | Debt | Financial | Flag Carrier

SriLankan Airlines Posts $6.6M Loss, Govt Allocates $68M for Debt

ByAdmin 19/02/202521/02/2025

SriLankan Airlines reported a $6.6 million net loss for the seven months ending October 2024, as net traffic revenue fell 14.9% to $517.3 million. The decline reflects weaker demand and financial struggles, continuing the airline’s challenging financial trajectory.

Turkish Airlines Prepares To Take Delivery Of A321neo TC-LPS

ByAdmin 05/08/202508/08/2025

Turkish Airlines is in the final stages of taking delivery of a brand-new Airbus A321neo, as it continues to expand and modernize its narrowbody fleet. The incoming aircraft carries the manufacturer serial number (MSN) 12775 and will be registered as TC-LPS upon entry into service.

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