Air Serbia has announced a record net profit of $42.9 million (€41.3 million) for the year 2024, with total annual revenue surpassing $729 million (€700.3 million). This marks the most successful financial performance in the airline’s history.
Vertical Aerospace, the UK-based leader in electric vertical take-off and landing (eVTOL) aircraft, has announced the successful closing of its underwritten public offering, generating gross proceeds of $90 million. The funds were raised before deducting underwriting discounts, commissions, and other associated expenses.
JetBlue Airways has announced its financial results for 2024, reporting a net loss of $795 million as revenues fell by 3.5% to $662 million. The airline faced challenges throughout the year, including declining demand and operational pressures.
Boeing has reported a challenging financial year for 2024, with a 14% drop in revenue to $66.5 billion and a net loss of $11.8 billion. In the fourth quarter, the company faced a 31% revenue decline to $15.2 billion, accompanied by a net loss of $3.86 billion.
Jackson Square Aviation (JSA), a leading US-based aircraft lessor, has announced the completion of a sale and leaseback agreement with Cebu Pacific Air, the Philippines’ largest low-cost carrier. The deal includes one A330neo and seven A321 aircraft, finalized in December 2024. Additionally, a second A330neo is scheduled for delivery in the first half of 2025.
Scoot, the low-cost arm of the Singapore Airlines Group, has announced two exciting additions to its route network. The airline will launch flights from Singapore to Vienna starting on June 3, 2024, operated by the Boeing 787-8 Dreamliner, and flights to Iloilo City in the Philippines on April 14, 2025, served by the Embraer E190-E2.
Arajet, the Dominican Republic’s pioneering low-cost airline, is currently facing challenges due to delays in the delivery of five Boeing 737 MAX aircraft. These delays are part of broader production issues affecting Boeing’s 737 MAX deliveries globally.
Airbus has announced its 2024 performance, reporting the delivery of 766 commercial aircraft to customers worldwide. The year also saw 878 gross orders and 826 net orders, reflecting strong demand across its product range.
Vietjet (Vietnam) has successfully issued seven bonds in 2024, amounting to a total face value of $433 million. Each bond carries a 60-month term and offers an 11% annual interest rate, reflecting the company’s strategic move to bolster its financial foundation and support future growth initiatives.
JD Airlines (China) has taken delivery of its tenth Boeing 737-800BCF, with serial number 30709, marking the completion of its 2024 deal with AerCap (Ireland) for four converted freighter aircraft. This delivery solidifies JD Airlines’ position as a key player in the burgeoning air cargo market in China.
