Breeze Airways, an innovative airline based in the United States, has further strengthened its fleet by taking delivery of a new Airbus A220-300 aircraft. This aircraft, bearing serial number 55062, comes equipped with advanced Pratt & Whitney PW1524G-3 engines, known for their fuel efficiency and reduced environmental footprint.
Cargo Aircraft Management, a subsidiary of Air Transport Services Group (ATSG), has announced its intention to fully redeem all $700 million in aggregate principal amount of its outstanding 2028 Notes. This financial maneuver is scheduled for April 11, 2025, and is subject to the successful completion of the merger between ATSG and Stonepeak Nile MergerCo.
AirAsia Aviation Group, based in Malaysia, is in the advanced stages of finalizing a significant financial agreement that involves securing up to US$226 million in debt financing. This strategic financial move is being facilitated by an undisclosed domestic bank, with the primary aim of refinancing the group’s existing US dollar-denominated debt and allocating funds for various corporate…
TAP Air Portugal has announced its financial results for 2024, highlighting a net income of $58.0 million. This performance marks a stable year for the airline, with a modest increase in operating revenues of 0.7%, totaling $4.5 billion.
Air Serbia is set to expand its fleet significantly in 2025, beginning with the addition of one Embraer E195 on a dry lease in April, followed by two additional E195s and one A320-family aircraft later in the year during the fourth quarter.
International Airlines Group (IAG) has announced the launch of the first tranche of its $1 billion share buyback program, starting with an initial $522 million repurchase. This move follows IAG’s strong financial performance and demonstrates the group’s confidence in its profitability and long-term growth strategy.
Air France-KLM, the Franco-Dutch airline group, has confirmed its intention to participate in the privatization process of TAP Air Portugal, the Portuguese national carrier. This announcement comes as the Portuguese government moves forward with plans to sell a stake in TAP, aiming to enhance the airline’s competitiveness and financial stability.
JAL Group has reported its nine-month financial results for the fiscal year ending March 31, 2025, showing strong revenue growth and improved profitability. The airline posted total revenue of $8.9 billion, reflecting a 10.9% year-over-year increase, and a net profit of $586 million, marking a 6.0% rise from the previous period.
Aeroflot Group, Russia’s largest airline conglomerate, has released its financial results for the year 2024. The company reported a net loss of $299.2 million for the year, despite achieving a 43.3% increase in revenue, totaling $7.2 billion.
Somalia Airlines Operators Association, representing the interests of Somalia’s airline industry, has announced the suspension of all domestic and international flights starting January 22, 2025. This decision comes in response to a sharp increase in fees imposed by the federal government, which the association deems unsustainable for continued operations.
