Parata Air, a new entrant in the South Korean aviation market, has reached a significant milestone by securing its business license, setting the stage for its forthcoming operations. The airline is currently awaiting its Air Operator’s Certificate (AOC), which is expected to be finalized soon.
In a significant development within the cargo sector, WestJet, the Canadian airline, is facing a strategic shift with the resignation of Kirsten de Bruijn, Executive Vice President of Cargo. This move comes as WestJet evaluates the future of its cargo operations, specifically the winding down of its freighter activities.
Air India Express is set to transition to an all-economy class configuration by April 2026. This strategic move aims to streamline operations and focus exclusively on the budget-travel sector, responding to increasing demand for economical travel solutions. The decision involves removing all business and premium economy seating from its aircraft, maximizing capacity and simplifying the…
Virgin Australia, currently majority-owned by Bain Capital (US), is actively preparing for a significant transition back to public trading through an Initial Public Offering (IPO) on the Australian Securities Exchange (ASX). This week, Virgin Australia executives are scheduled to meet with potential investors to discuss the upcoming IPO and outline the airline’s strategic direction and financial…
Virgin Atlantic, the UK-based international airline, has released its financial results for 2024, showcasing a year of profitability and financial health. The airline reported total revenues of US$4.2 billion and a Profit Before Tax and Exceptional Items of $25.8 million.
TAP Air Portugal, the flag carrier of Portugal, may see its planned privatization process delayed until summer 2025 or potentially later. This news comes from Luis Gallego, CEO of International Airlines Group (IAG), who mentioned that the timing could shift depending on the priorities and plans of Portugal’s new government.
flynas, a leading low-cost airline based in Saudi Arabia, is gearing up for a significant financial move by planning to float on Riyadh’s stock exchange. The airline has announced its intention to offer a 30% stake in its initial public offering (IPO).
China Eastern Airlines, one of the major carriers in Asia, has reported a substantial decrease in its net loss for the year 2024. The airline’s net loss was recorded at US$578 million, which represents a reduction of almost 50% from the previous year’s figures.
Kenya Airways, a major player in African aviation, is currently facing significant operational hurdles with its fleet of Boeing 787 Dreamliners. According to CEO Allan Kilavuka, three of these aircraft have not been airborne since February 2025, primarily due to the airline’s challenges in securing the appropriate engines and spare parts.
flyadeal, the low-cost airline based in Saudi Arabia, has recently taken delivery of a new Airbus A320neo aircraft, marked by serial number 12269. This aircraft is powered by LEAP-1A26 engines, which are known for their high efficiency and reduced carbon emissions, aligning with the airline’s commitment to environmentally friendly operations.
