Norway has sold its entire 6.37% stake in Norwegian, a move involving around 65.5 million shares. This decision represents a major step in the Norwegian government’s efforts to reduce its exposure to commercial airline investments and reflects broader shifts in its aviation policy. Please SUBSCRIBE to view the full content.
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Southwest Airlines, the largest operator of Boeing 737 aircraft globally, has taken delivery of a new Boeing 737-8, bearing manufacturer serial number 42617. The aircraft is powered by CFM International LEAP-1B28 engines and represents another addition to the airline’s growing 737 MAX fleet as part of its long-term fleet modernization strategy.
SkyWest, Inc. (NASDAQ: SKYW), a leading regional airline in North America, has announced its financial results for the third quarter of 2024, reporting a 10% increase in revenue, reaching $1.1 billion. This growth is attributed to a surge in passenger demand and enhanced operational efficiency.
MAS (Mexico), a growing cargo airline, has revealed plans to add one to two freighters per year until 2030, signaling a steady and measured fleet expansion strategy aligned with rising demand in the air cargo sector. The airline also announced that broader fleet development plans for the next decade are currently under internal review.
VietJet Air, a low-cost carrier based in Vietnam, has announced plans to wet lease two COMAC ARJ21-700 aircraft from Chengdu Airlines, a Chinese carrier. The aircraft, identified by serial numbers 185 and 196, are powered by CF34-10A engines manufactured by General Electric (GE).
American Airlines has expanded its long-haul fleet with the recent delivery of a Boeing 787-9 Dreamliner, bearing serial number 66010. The aircraft is equipped with GEnx-1B74/75 engines, manufactured by GE Aerospace, continuing the airline’s strategy of operating fuel-efficient and environmentally optimized aircraft for international routes.
Wizz Air Holdings (Hungary) has reported its financial results for the fiscal year ending 31 March 2025. The company’s total revenue increased by 3.8%, reaching US$6.0 billion. Despite this rise in revenue, Wizz Air’s net profit experienced a significant decline of 41.5%, dropping to $243.8 million. The carrier also reported a total cash position of $1.97 billionat the end of the period.
