Shanghai Airlines has significantly strengthened its financial position by increasing its registered capital by 82%, reaching a total of $1.4 billion. This capital boost underscores the airline’s commitment to reinforcing its financial stability and preparing for potential expansion in the competitive Chinese aviation market.
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Air Antilles, the regional airline based in Guadeloupe, has had its operating license revoked by the French Direction Générale de l’Aviation Civile (DGAC). In response, the DGAC has issued the carrier a temporary operating license, which will remain valid until 30 June 2025, providing the airline limited breathing room as it searches for a new financial backer.
Air Mauritius has officially announced the departure of Chief Executive Officer (CEO) Charles Cartier, effective immediately. This decision was made during the company’s Annual General Meeting (AGM) held on February 6, 2025, where shareholders chose not to renew Cartier’s mandate. Consequently, a managing committee has been established to oversee the airline’s operations during the transitional period until a new CEO…
Tulpar Air, a Russian airline, has been ordered by the Arbitration Court of the Republic of Tatarstan to pay US$4.2 million to its former director, Azat Khakim. This legal ruling concludes a significant dispute between the airline and its former executive.
Air T (US) has announced the successful renegotiation of a critical financing agreement involving its wholly owned subsidiary, AAM 24-1. This new transaction has grown to a total of $100 million, aimed at supporting the growth and strategic initiatives of Crestone Air Partners.
Southwest Airlines, a major carrier based in the US, has recently expanded its fleet with the acquisition of a new B737-8, serial number 42599, powered by LEAP-1B28 engines. This addition is part of Southwest’s ongoing efforts to modernize its fleet with more fuel-efficient and environmentally friendly aircraft.
Breeze Airways has expanded its fleet with the addition of a leased Airbus A220-300, identified by serial number 55339. The aircraft is powered by PW1521G-3 engines, offering greater fuel efficiency, improved range, and lower emissions.
