Ryanair CEO Michael O’Leary is set to receive shares worth an impressive $111 million as part of a performance-based incentive program. The payout comes after the company met a significant performance target, signaling the airline’s robust operational and financial health despite industry challenges.
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interCaribbean Airways, based in the Turks & Caicos Islands, has announced the launch of a new route connecting Grenada (GND) and Georgetown (GEO), starting December 1, 2024. The service will be operated with the airline’s reliable Embraer ERJ145, a regional jet known for its efficiency and comfort.
Tulpar Air (Russia) has announced its intention to file for bankruptcy in the Arbitration Court of Tatarstan within the next 15 days, following a legal ruling. The court’s decision requires the airline to pay over US$5.0 million to its former co-owner, Azat Khakim.
easyJet (UK) and easyJet FinCo (Netherlands) have issued a prospectus for a $5 billion Euro Medium Term Note (EMTN) Program, reinforcing their strategic financing initiatives to support future growth, fleet investments, and operational resilience.
Air China Cargo has officially listed on the A-share market of the Shenzhen Stock Exchange, marking a significant milestone in the company’s history. The listing is part of its long-anticipated initial public offering (IPO), designed to secure additional capital for expansion and operational improvements.
Mesa Air Group, a regional U.S. carrier, has reported a net loss of $24.9 million for its fourth fiscal quarter and a net loss of $91.0 million for the full fiscal year 2024. The airline’s total operating revenue for the year declined by 4.3%, falling to $476.4 million. As of the end of the reporting period, Mesa reported $15.6 million in unrestricted cash and cash equivalents, reflecting…
Aviation Capital Group (ACG), a leading global full-service aircraft asset manager, has announced the delivery of one Boeing 737-8 aircraft to Air India Express. This aircraft, equipped with CFM International LEAP-1B engines, marks the fifth delivery in a series of multiple-aircraft sale-leaseback transactions between ACG and Air India Express.
