RoyalJet, a prominent business aviation company based in the United Arab Emirates (UAE), has announced the signing of a Memorandum of Understanding (MOU) with Airbus Corporate Jets (ACJ) for the acquisition of three brand-new ACJ320neo aircraft. The agreement also includes six purchase rights, underscoring RoyalJet’s ambitions to expand its premium fleet offerings.
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El Al Airlines (Israel) has reached an agreement with the Israeli government to increase its financial contributiontoward security costs, starting in 2025. The new arrangement will gradually increase El Al’s share of these expenses, with the airline projected to pay approximately $10 million annually under the revised terms.
Eurowings, the German airline, has recently expanded its aircraft fleet by acquiring an Airbus A320 on a wet lease agreement from Avion Express Malta. The aircraft, which bears the serial number 3462, is equipped with V2527-A5engines, known for their reliability and efficiency.
Pakistan International Airlines (PIA) is pursuing the lease of its two London Heathrow slots to Saudia for operations in 2025. This decision follows PIA’s continued suspension by EASA, preventing the carrier from flying into the European Union and the United Kingdom.
Spirit Airlines (US) has announced a $1.22 billion net loss for 2024, with operating revenue declining by 8.4% to $4.91 billion. The low-cost carrier continues to face financial headwinds, including weaker demand, operational disruptions, and fleet challenges. Key Financial Performance Metrics Factors Contributing to the Loss Spirit Airlines’ financial struggles stem from multiple challenges, including: Strategic Response and Future Outlook…
Shanghai Airlines, a prominent Chinese carrier, has expanded its fleet with the addition of a Boeing 737-8, serial number 61644, powered by LEAP-1B27 engines. This fuel-efficient aircraft supports Shanghai Airlines’ goals of operational efficiency and sustainability as it enhances its regional and domestic route offerings.
StandardAero (US) has initiated legal action in bankruptcy court, seeking an order that would compel Silver Airways (US) to return a leased aircraft engine currently in the airline’s possession. The action comes as part of the ongoing bankruptcy proceedings involving Silver Airways, which has been struggling to stabilize operations and address creditor claims.
