RwandAir has secured a wet lease agreement for an Airbus A330-200, serial 493, from GullivAir (Bulgaria) to cover operational needs through April 2025. This temporary lease arrangement comes as RwandAir’s own A330-200s undergo scheduled maintenance, ensuring uninterrupted long-haul services for the airline.
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Air New Zealand has announced the commencement of a share buyback program starting 07 March 2025, aiming to repurchase up to 343.7 million shares for a maximum total of $57 million. This initiative forms part of the airline’s capital management strategy, reflecting confidence in its financial position and future growth prospects.
HiSky Europe, a Romanian airline, has announced the launch of a new regular charter service that will connect Bucharest, Mombasa, and Zanzibar, starting on November 27, 2024. The service, which will operate with an Airbus A321, provides Romanian travelers with a direct and convenient travel option to two popular tropical destinations in East Africa.
Spirit Airlines is reportedly preparing to file for bankruptcy protection within the coming weeks following the breakdown of merger negotiations with Frontier Airlines. The airline is engaged in advanced discussions with bondholders to develop a bankruptcy plan expected to gain majority support from creditors. This decision underscores Spirit’s need for financial restructuring as it faces operational and market challenges, heightened by…
Setna iO, a U.S.-based aviation asset management and engine leasing company, has announced the installation and lease of one V2500-A5 engine to Heston Airlines, a Lithuanian ACMI and charter operator. The leased engine will support Heston’s peak summer 2025 flying season, ensuring operational continuity during a high-demand period.
Southwest Airlines has reported a net loss of $149 million for the first quarter of 2025, reflecting the challenges of cost escalation and flat yield growth despite an uptick in operational revenue. The airline’s operating revenues rose 1.6% year-on-year to $6.4 billion, while it maintained a liquidity reserve of $9.3 billion, underscoring its financial stability in the face of earnings…
LATAM Airlines, the largest carrier in Latin America, has announced an extension of its suspension of flights between Lima and Caracas until March 30, 2025. The decision, initially put in place due to operational challenges, is now being extended because of ongoing uncertainty regarding the policies of the Venezuelan government. This move reflects LATAM’s cautious approach to navigating the…
