South African Airways (SAA) has been named in a corruption and maladministration probe conducted by the government’s Special Investigating Unit (SIU). This investigation is part of a broader effort to address alleged corrupt practices and mismanagement within the airline, which have reportedly led to significant financial losses for the state.
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Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, reported a 39% year-on-year increase in net income after tax (NIAT) for the first half of 2025. The improvement was attributed to favorable fuel prices, the stronger ringgit, and operational efficiency gains achieved through ongoing fleet renewal.
Cargojet, a leading Canadian cargo airline, has announced its decision to redeem in full all of its outstanding 5.75% senior unsecured hybrid debentures on December 27, 2024. The debentures, originally scheduled to mature on April 30, 2025, will be repaid earlier than anticipated as part of Cargojet’s strategic financial management plan. This move underscores the company’s focus on maintaining…
China Southern Airlines has issued a Request for Proposals (RFP) to qualified purchasers for the sale of 10 owned Boeing 787-8 aircraft and two GEnx-1B70/P2 spare engines. The aircraft and engines are scheduled for delivery to successful bidders during 2025 and 2026. The deadline for submitting bids is November 25, 2024.
Wizz Air Malta has taken delivery of a new Airbus A321neo, serial 12610, featuring Pratt & Whitney PW1133G‑JMengines. This addition marks a significant step in the airline’s ongoing fleet expansion to support growth and enhance operational efficiency.
Air Tahiti Nui is exploring new partnership opportunities to strengthen its financial position and support a company-wide turnaround strategy. CEO Moetai Brotherson is actively seeking either a shareholder or strategic partner, with advanced negotiations currently underway with one party that could potentially provide aircraft and capital investment. This strategic search comes at a critical time,…
Austrian Airlines has revised its widebody fleet strategy, announcing plans to operate a total of 12 Boeing 787-9 Dreamliners, up from the originally planned 10 aircraft. This strategic expansion is aimed at reinforcing the airline’s long-haul capabilities amid increased intercontinental travel demand and modernization goals.
