SIA Group (Singapore) has delivered a strong financial performance in Q3 FY2024/25, reporting a net profit of $1.2 billion, marking a 146.7% increase compared to the previous year. The group’s total revenue also grew significantly, up 27% to $3.8 billion, reflecting strong passenger demand and improved operational efficiencies.
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Mexicana, Mexico’s revived flag carrier, has reportedly cost taxpayers more than $1.72 billion during its first year of operations, as disclosed by a government agency. This figure includes expenses related to the purchase of 20 Embraer E2 aircraft, part of the airline’s fleet modernization strategy.
Jordan Airmotive, a leading MRO provider based in Jordan, has announced a new partnership with FTAI Aviation (Cayman Islands) to overhaul CFM56-5B engines, a widely used powerplant for the Airbus A320 family. The collaboration aims to enhance MRO (maintenance, repair, and overhaul) capabilities and expand cost-effective solutions for engine operators in the Middle East and beyond.
Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts.
Air China, one of the leading airlines in Asia, has disclosed its financial results for 2024, revealing a slight net loss of US$3.2 million. Despite the loss, the airline recorded a substantial increase in revenue, which surged by 17.2% to reach $23.9 billion.
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.
Transat AT, a Canadian leisure airline and tour operator, has entered into an agreement in principle with the Canada Enterprise Emergency Funding Corporation (CEEFC) to restructure the significant debt it incurred during the COVID-19 pandemic. The debt was provided under the Large Enterprise Emergency Funding Facility (LEEFF)program, which was launched to assist major Canadian companies affected by the crisis.
