Pegasus Airlines, based in Turkiye, has taken delivery of a new Airbus A321neo, identified by serial number 12124. The aircraft is powered by LEAP-1A32 engines, manufactured by CFM International, further enhancing the carrier’s commitment to operational efficiency and sustainability. Please SUBSCRIBE to view the full content.
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CDB Aviation, a global aircraft leasing platform based in Ireland and a wholly owned subsidiary of China Development Bank Financial Leasing, has completed the delivery of an Airbus A320neo to Volaris, one of Mexico’s leading low-cost airlines. This transaction reflects Volaris’s continued strategy of expanding and modernizing its all-Airbus fleet with fuel-efficient and environmentally progressive aircraft.
Griffin Global Asset Management, an Ireland-based aircraft leasing company, has finalized long-term lease agreements with United Airlines for six new Boeing 737-9 aircraft, all of which were delivered during April and May 2025. The deal underlines Griffin’s strategic relationship with one of the world’s largest carriers and reflects growing demand for fuel-efficient narrowbody jets.
Akasa Air (India) has outlined ambitious growth plans that include expanding its fleet to a total of 30 aircraft by July 2025. The airline is also setting up two new strategic operational hubs at Navi Mumbai International Airport and Jewar Airport (Noida International Airport), where it intends to base 5 to 7 aircraft each by the end of the year.
S7 Airlines, one of Russia’s premier carriers, experienced a significant drop in net profit by 33.5%, totaling $166.6 million for the year 2024, despite a marginal revenue increase of almost 1% to $2.2 billion.
Viva (Mexico) has reported a strong performance for March 2025, with total passengers carried reaching 2.4 million, a 12.2% increase year-over-year. This growth reflects the airline’s sustained capacity expansion and solid demand across its domestic and regional route network, even as its load factor (LF) recorded a marginal decline of 0.6 percentage points to 85.9%.
Jeju Air, South Korea’s largest low-cost carrier, has announced a significant downturn in its financial results for the first quarter of 2025. The airline posted a net loss of $17 million, coupled with a 32% decline in revenue year-on-year, bringing total revenue to $259.7 million.
