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SpiceJet Reports $2.9 Million Net Profit in Fiscal Q3 as Revenue Surges 35%

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SpiceJet, one of India’s leading low-cost carriers, has reported a net profit of $2.9 million for fiscal Q3 ending December 31, 2024, marking a significant turnaround in its financial performance. The airline saw total revenue surge 35% year-over-year to $188.7 million, reflecting improved operational efficiency and demand recovery.

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Air Belgium Ends ACMI Agreement with LOT, Transfers A330neo to Azul

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After a one-year ACMI (Aircraft, Crew, Maintenance, and Insurance) agreement, Air Belgium and LOT Polish Airlines have ended their collaboration involving an Airbus A330neo. This aircraft, serial number 1844, was based in Warsaw under Air Belgium’s operation for LOT’s long-haul services. Following this transition, the A330neo is slated for redelivery to its lessor, Air Lease…

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Cebu Pacific Takes Delivery of New Airbus A321neo

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Cebu Pacific, the Philippines’ largest low-cost carrier, recently expanded its fleet with the addition of a new Airbus A321neo, serial number 12407. Powered by advanced PW1133G-JM engines from Pratt & Whitney, this latest acquisition marks a step forward in Cebu Pacific’s commitment to sustainability and operational efficiency. The A321neo, known for its fuel efficiency and…

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Turkish Airlines Takes Delivery Of B787-9 With GEnx Engines

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Turkish Airlines has received a new Boeing 787-9 Dreamliner, serial number 65824, continuing its strategic expansion of long-haul capabilities. The aircraft is equipped with GEnx-1B74/75 engines, developed by GE Aerospace, known for their fuel efficiency and low-emission performance.

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IAT Leasing Acquires A330-300 Leased to Aer Lingus

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IAT Leasing, an Ireland-based leasing company, has announced the acquisition of a 2013 Airbus A330-300, serial number 789, from Castlelake, a U.S. private investment firm. The aircraft is currently leased to Aer Lingus, a leading Irish carrier, and was acquired on behalf of a U.S. investor partner.

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Air Europa Settles ICO Loan And Expands Fleet

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Air Europa, the Spanish carrier, is preparing to settle its outstanding loan of $157 million this week, originally granted by the Instituto de Crédito Oficial (ICO) in May 2020. The loan had been extended as part of the Spanish government’s support package to help businesses during the COVID-19 pandemic, with Air Europa being one of the primary beneficiaries within the…