Air Mauritius has unveiled a renewed business strategy under the leadership of Chairman Kremchand Beegoo, outlining its target to return to profitability by 2026. The national carrier of Mauritius is aiming for a complete operational and financial recovery by 2027, following significant challenges in recent years, including the pandemic’s prolonged impact on tourism and international air travel.
Vietnam Airlines has reported a significant financial rebound for the first quarter of 2025, registering a consolidated pre-tax profit of approximately $138 million. The achievement is further supported by an 11% increase in consolidated revenue, reaching $1.2 billion, signaling a sustained recovery from the post-pandemic period and effective strategic implementation by the airline.
Azul, one of Brazil’s largest airlines, has obtained a fresh round of funding totaling approximately US$106 million from its existing bondholders. This infusion supports the airline’s ongoing financial restructuring and reinforces its short-term liquidity amid a challenging macroeconomic environment for Latin American carriers.
South African Airways (SAA) has presented a comprehensive five-year corporate turnaround plan to the South African government, aiming to stabilize and reposition the national carrier. The plan outlines a two-phase strategy that includes securing a US$120.8 million investment facility and attracting a strategic equity partner to ensure long-term viability.
Lulutai Airlines (Tonga) has officially submitted a request for a government subsidy aimed at accelerating its financial recovery efforts before a potential privatization. The move comes as the airline attempts to stabilize operations and repay existing liabilities, positioning itself as a more viable candidate for a private investor.
Kenya Airways, the flag carrier of Kenya, is currently in the process of seeking a strategic investor to aid in its financial recovery and future growth plans. This search is part of a broader strategy that includes completing a significant capital restructuring and enhancing liquidity to ensure sustainable operations.
Air Mauritius, facing ongoing financial difficulties, is in urgent need of an equity cash injection, according to its newly appointed chairman, Kremchand Beegoo. The airline is actively working to assess its financial standing, restructure its ownership model, and convince shareholders to support its recovery.
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.
Nok Air, a low-cost carrier based in Thailand, was officially delisted from the Thai Stock Exchange on January 9, 2025, marking the end of its 11-year presence as a publicly traded company. The delisting is part of the airline’s ongoing efforts to navigate through a challenging rehabilitation process.
The Australian government has confirmed plans to acquire the remaining debt of Rex Airlines, valued at $31 million, from investor PAG (Singapore). This move signifies the government’s commitment to supporting the domestic aviation industry and ensuring the financial stability of one of its key regional carriers.
