PLAY Airlines, the Iceland-based low-cost carrier, has reported a net loss of US$26.8 million for the first quarter of 2025, as operating revenues declined 8%, totaling US$46.4 million. The carrier ended the quarter with a cash position of US$21.1 million, reflecting tighter financial conditions amidst softer demand.
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Avolon (Ireland) has released a forecast predicting that growth in the Asia-Pacific region will be the primary driver behind global airline revenues surpassing $1 trillion for the first time in 2025. The report highlights the region’s rapidly expanding air travel market and its pivotal role in shaping the future of global aviation.
Air Cairo, the Egyptian low-cost carrier, has expanded its fleet with the delivery of a new Airbus A320neo, identified by serial 12273. The aircraft is powered by advanced LEAP-1A26 engines, known for their fuel efficiency and reduced environmental impact. This addition to Air Cairo’s fleet supports the airline’s growth strategy and commitment to modernizing its operations with next-generation…
Utair (Russia) has announced a significant organizational restructuring following shareholder approval for a merger with TS Technic (Russia). The decision marks a strategic move to consolidate operations and streamline services, particularly in maintenance and technical support. The merger, formally approved by Utair shareholders, is expected to provide operational synergies and cost efficiencies. TS Technic, a key player…
British Airways has recently enhanced its fleet with the acquisition of a new Airbus A320neo, which features modern LEAP-1A26 engines. This aircraft, serial number 12535, represents the latest addition to the airline’s commitment to upgrading its fleet with more fuel-efficient and environmentally friendly aircraft.
MTU Aero Engines reported first-quarter 2025 revenues of US$2.3 billion and adjusted earnings of US$340.9 million, driven by robust performance in both the original equipment manufacturing (OEM) and maintenance, repair, and overhaul (MRO) segments.
Uzbekistan Airways, the national carrier of Uzbekistan, is preparing to enhance its long-haul capabilities by signing a memorandum of understanding with Boeing for the acquisition of 14 Boeing 787-8 Dreamliner aircraft. The deliveries are planned between 2029 and 2032, with the total investment estimated at $2 billion.
