Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has reported a 93% decline in its 2024 net profit, citing the dual impact of lower average airfares and capacity constraints driven by global supply chain and maintenance issues. The carrier posted a net profit of $12 million, down sharply from the prior year.
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Boeing has launched a significant stock offering that could raise approximately $19 billion, aiming to reinforce its financial position amid recent operational setbacks.
Embraer, the Brazilian aerospace manufacturer, has reported a strong first quarter for 2025, ending the period with a $26.4 billion order backlog and 30 aircraft deliveries, representing a 20% increase compared to Q1 2024.
GOL Linhas Aéreas Inteligentes (Brazil) has announced its intention to file a Chapter 11 plan of reorganization, marking a significant step in its financial restructuring efforts. The plan is aimed at deleveraging its balance sheet, extinguishing up to $1.7 billion of prepetition funded debt and $850 million in other obligations, enabling the airline to strengthen its financial foundation.
United Airlines (US) has taken delivery of a new Airbus A321neo, serial number 12300, powered by Pratt & Whitney PW1133G-JM engines. This delivery is part of United’s aggressive narrowbody fleet expansion plan, which includes a substantial number of Airbus and Boeing aircraft over the coming years.
Bees Airlines (Romania) has had its Air Operator Certificate (AOC) suspended by the Romanian Civil Aviation Authority (CAA) following the abrupt cancellation of all scheduled commercial flights. The suspension of the AOC marks a significant setback for Bees Airlines, halting its operations and raising concerns about its future viability. This decision by the Romanian CAA underscores the regulatory body’s commitment…
Raya Airways, a prominent cargo airline based in Malaysia, has recently bolstered its fleet with the acquisition of a Boeing 767-200BDSF (Bedek Special Freighter). This aircraft, bearing serial number 22218, is leased from Cargo Aircraft Management, a US-based company.
