Airlines

Spirit Airlines Gains IAE Support Amid GTF Issues

ByAdmin 10/06/202511/06/2025

Spirit Airlines (US) has entered into a pivotal agreement with International Aero Engines (IAE) that will see IAE provide monthly credits through the end of 2025 to mitigate the financial impact of the GTF engine issues that have plagued Spirit’s operations. This move is expected to partially offset an estimated liquidity impact of $150-195 million, giving the airline critical breathing room to manage cash flow amid the disruptions.

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Air One Expands Fleet with Boeing 777Fs to Enhance Scheduled Services

ByAdmin 01/11/202404/11/2024

Air One, a U.K.-based cargo airline, is set to enhance its operations by integrating two Boeing 777 Freighters (777Fs) into its fleet. These aircraft will be the first direct deliveries from Boeing for Air One and its affiliate, One Air. The addition of the 777Fs is aimed at expanding the airline’s scheduled cargo services between…

Air Serbia to Wet Lease Two More E190s from Bulgaria Air

ByAdmin 20/02/202521/02/2025

Air Serbia is set to wet lease two additional Embraer E190s from Bulgaria Air to meet increased summer season demand. The fourth aircraft in this arrangement is expected to join the fleet by June 2025.

Airlines | Financial

Alaska Air Group Reports 13% Revenue Growth in 2024

ByAdmin 23/01/202529/01/2025

Alaska Air Group, a leading U.S. airline group, has announced impressive financial results for 2024, showcasing strong growth across key metrics. The company reported a 13% increase in total revenue, reaching $11.7 billion, and achieved a net income of $395 million for the year.

Airlines | Financial

Global Crossing Reports Q1 Loss Amid 24% Revenue Growth

ByAdmin 09/05/202512/05/2025

Global Crossing Airlines Group, a U.S.-based charter and ACMI service provider, has reported first-quarter 2025 revenue of $66.6 million, marking a 24% year-over-year increase. Despite this significant revenue growth, the airline posted a modest net loss of $200,000, illustrating a near break-even performance.

Airlink To Lease 10 E195-E2 Aircraft From Azorra

ByAdmin 19/06/202520/06/2025

Airlink, a prominent regional airline based in South Africa, has announced plans to lease ten brand-new Embraer E195-E2 aircraft from Azorra, a U.S.-based aircraft leasing company. The lease agreement marks a major step in Airlink’s ongoing fleet modernization strategy and positions the airline for expanded capacity and improved fuel efficiency. Deliveries of the aircraft are expected to begin in…

Airlines | Airports | Financial

Kenya Airways Seeks Control of Jomo Kenyatta International Airport

ByAdmin 08/10/202409/10/2024

Kenya Airways Plc is pushing for some operational control over Jomo Kenyatta International Airport (JKIA) as discussions unfold regarding a significant 30-year concession proposal from Adani Group, which involves a $1.85 billion investment to revamp the facility.

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