Regional Plus Wings, the Japanese holding company overseeing regional carriers Air Do and Solaseed Air, reported a net loss of $3.6 million for the fiscal year ending March 2025. The group also posted a 3.7% increase in operating revenue, reaching $728.2 million, indicating ongoing recovery but continued cost pressures.
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AviLease, a U.S.-based aircraft leasing company, has reached a major milestone by receiving investment grade credit ratings from two of the world’s top agencies. Moody’s Investors Service assigned a Baa2 rating, while Fitch Ratingsawarded a BBB rating, both with stable outlooks. These ratings affirm the company’s strong financial position and prudent risk management strategy.
Azul (Brazil) has taken a strategic step in its fleet renewal program by returning one Airbus A330-200, identified by serial 494, to its lessor. This move is part of Azul’s efforts to modernize its long-haul operations and enhance operational efficiency.
Yemenia, the national carrier of Yemen, has announced the resumption of its direct flights between Riyan Mukhalla and Cairo, starting January 26, 2025. The route will be operated with the airline’s Airbus A320, providing a crucial connection for travelers between Yemen and Egypt.
Allan Goh Hwan Hua, co-founder of MYAirline (Malaysia), and several related entities have been hit with a lawsuit from 206 investors, alleging a combined financial loss of $15.1 million. The case adds to the growing scrutiny surrounding MYAirline’s business dealings and financial stability.
GetJet Airlines (Lithuania) has appointed Inga Duglas as its new Chief Executive Officer (CEO), succeeding Ruta Kulvinskaite, who has led the company for the past four years. This leadership transition marks a new chapter for the ACMI and charter carrier, as it continues to navigate growth and operational expansion.
Vietnam Airlines has taken a significant step in strengthening its financial position by signing a Memorandum of Understanding (MOU) with Citibank (US), securing a funding commitment exceeding US$560 million. The capital injection is aimed at supporting the airline’s long-term strategic investment initiatives, which include fleet renewal, modernization efforts, and infrastructure development.
