Pattaya Airways, a Thailand-based regional cargo carrier, is preparing to induct its third aircraft, an ATR72-500F, into its fleet under a dry lease agreement during Q2 2026. The airline is also actively soliciting offers for additional leased aircraft, signaling an expansion strategy in response to rising regional cargo demand.
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Lufthansa, Germany’s flag carrier, has confirmed its intention to phase out its Airbus A340-600 fleet by spring 2026. This move comes as part of the airline’s long-term fleet modernization strategy and coincides with the progressive introduction of Boeing 787-9 aircraft into its widebody operations.
Iraqi Airways has significantly expanded its fleet, adding 13 new aircraft as part of its ongoing modernization and growth strategy. The newly delivered aircraft include five A220s, six B737 MAXs, and two B787-8s. In addition, the airline has successfully returned 14 previously grounded aircraft to active service, reflecting a concerted effort to enhance operational efficiency and meet growing passenger demand.
Investec Aviation Finance, based in the United Kingdom, has finalized a senior-term loan facility with Aircraft Engine Lease Finance (AELF), headquartered in the United States, to support the acquisition of a Airbus A330-200 aircraft. The aircraft, bearing manufacturer serial number 1104, was acquired by AELF from Avolon, the global leasing company based in Ireland.
flynas, the Saudi Arabian low-cost airline, has achieved a remarkable milestone by completing its initial public offering (IPO) of US$1.1 billion on the Riyadh stock exchange. The offering was met with extraordinary demand, as all shares were sold within minutes of opening. The IPO represents approximately 30% of the company’s share capital, indicating a strong appetite among investors for exposure to Saudi…
Air Europa, a major airline in Spain, has taken a significant step to address its financial challenges by hiring PJT Partners, a US-based advisory firm, to manage its debt and potentially arrange a capital increase. The airline aims to tackle a substantial debt of US$491.8 million, owed to the Spanish government, as part of its recovery strategy.
Asia Aviation, the parent company of Thai low-cost carrier Thai AirAsia, has released its financial results for the first quarter of 2025, revealing a net profit of $41.7 million. This positive outcome was achieved despite a 4% year-over-year drop in revenue, which totaled $397 million. The airline’s financial position remains solid, with cash and cash equivalents amounting to $43.1…
