Nordic Aviation Group, a key player in Estonia’s aviation sector, has been declared bankrupt by the Harju County Court. The ruling is subject to immediate enforcement, marking a significant development for the airline and its stakeholders.
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Asia Aviation, the Thai parent company of Thai AirAsia, recorded a strong financial performance in the third quarter of 2024 with a net profit of $100.1 million. This impressive result was fueled by a 55% increase in revenue, reaching $445.3 million. The significant revenue growth reflects Asia Aviation’s successful recovery in the post-pandemic travel environment and the rising demand for air travel…
HAECO, a leading global provider of aircraft engineering and maintenance services based in Hong Kong, has announced the extension of its line maintenance contract with EVA Air of Taiwan. The contract, now renewed until the end of 2026, continues to cover non-technical services, reinforcing the strong partnership between the two companies.
Aeroflot Group has posted a robust financial performance for the first quarter of 2025, with revenues climbing 9.6% year-on-year to reach $2.4 billion. This growth reflects a rebound in international travel, higher load factors, and increasing passenger numbers across its domestic and global networks.
Aegean Airlines has announced record-breaking financial and operational results for the first nine months of 2025, underscoring the airline’s continued growth trajectory and strong market performance. Consolidated revenue reached €1.43 billion, up 4% year-over-year, while net profit rose 12% to €148 million. The company carried 13.2 million passengers, a 5% increase compared with the same period in 2024, setting new all-time…
AFG Aviation Ireland Limited (AFG) has announced the appointment of Imtiaz Khot as Senior Vice President – Commercial. Khot brings extensive experience in airline marketing, aircraft transactions, and structured leasing agreements, following a distinguished career spanning over two decades in the aviation industry.
Jeju Air, a major South Korean low-cost carrier, faces leadership turbulence as its CEO, Kim E-bae, has been barred from leaving the country. The travel ban, imposed by the investigation team, is part of an ongoing inquiry into undisclosed matters concerning the airline’s operations or management.
