SWISS Repurposes Engines from Grounded A220-300 for Fleet Use

ByAdmin 16/02/202518/02/2025

SWISS has taken a strategic approach to managing its fleet by repurposing the two PW1524G-3 engines from a grounded A220-300, serial 55021, for use as spare engines. The aircraft has been stranded in Brussels since November 2024 and is now projected to remain out of service until autumn 2025.

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Airlines | Boeing | Network

Rutaca Airlines Launches Porlamar–Port of Spain Route

ByAdmin 28/11/202401/12/2024

Rutaca Airlines (Venezuela) has inaugurated its Porlamar–Port of Spain route, with the first flight operating on 21 October 2024. This seasonal service is operated using a Boeing 737-300, enhancing connectivity between Venezuela and Trinidad and Tobago.

Airlines | Crisis

Jet Airways Liquidation May Transfer Aircraft to Challenge Group

ByAdmin 16/12/202417/12/2024

The liquidation process for Jet Airways (India) is gaining momentum, with auctioned planes potentially being transferred to the Challenge Group, based in Malta. This development reflects a positive approach from both the lendersand the liquidator, who are working towards a resolution that maximizes asset recovery.

Airlines | Financial | Flag Carrier

TAROM Reports $18.7M Loss for 2023 Despite Revenue Growth

ByAdmin 13/11/202414/11/2024

TAROM, Romania’s national airline, has announced its 2023 financial results, reporting a net loss of $18.7 million. Despite the loss, TAROM experienced a 21.7% increase in total revenues, reaching $384 million. The airline’s revenue growth reflects a recovery in travel demand; however, financial challenges persist as TAROM continues to work toward sustainable profitability.

Thai Lion Air Adds Boeing 737-800 to Fleet

ByAdmin 26/12/202402/01/2025

Thai Lion Air, a leading low-cost carrier in Southeast Asia, has expanded its fleet with the delivery of a Boeing 737-800, identified by serial number 39870. The aircraft, acquired on lease, is powered by CFM56-7B26E engines, reflecting the airline’s ongoing commitment to operational efficiency and passenger service.

Airlines | AOC | Corporation | Crisis

Fly Gangwon Exits Judicial Oversight, Rebrands as Parata Air Under New Ownership

ByAdmin 21/10/202422/10/2024

Fly Gangwon, a low-cost carrier based in Yangyang, Korea, has officially exited its judicial rehabilitation process after 16 months of financial restructuring.

Udi Sharon Appointed CEO of Challenge Airlines IL

ByAdmin 30/10/202401/11/2024

Challenge Group has appointed Udi Sharon as the new CEO of Challenge Airlines IL. Sharon brings extensive experience from Israel’s logistics and airfreight sectors and joins Challenge Group’s senior management team to enhance the airline’s local and international operations.

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