Tarom, the flag carrier of Romania, has received shareholder approval for a $6.6 million capital injection from the Ministry of Transport, scheduled for late 2024. This move is a part of the airline’s ongoing restructuring strategy aimed at stabilizing operations and improving long-term viability.
Fiji Airways has confirmed that its Managing Director and CEO, Andre Viljoen, will be stepping down later in 2025 to take over as the Chief Executive Officer of Air Mauritius. This leadership transition marks a significant development for both carriers as they continue post-pandemic recovery efforts and strategic realignment.
AeroItalia, the Italy-based airline, has announced plans to divest its Romanian unit, Aeroitalia Regional, by the end of 2025. The decision comes as part of a broader restructuring initiative aimed at streamlining operations and sharpening the company’s strategic focus on its core markets.
South African Airways (SAA) has taken delivery of a 12-year-old Airbus A320, with manufacturer serial number (MSN) 5461, in Johannesburg, reinforcing its fleet amid measured expansion efforts. The aircraft joins SAA’s narrowbody operations under a leased arrangement, consistent with the airline’s current asset-light strategy.
Thai Airways International has officially completed the restructuring of Thai Smile Airways, its wholly owned regional subsidiary. As a result, the group will move forward with the dissolution of Thai Smile, integrating operations as part of a broader strategy to streamline its business and improve cost efficiency.
Nepal Airlines, the state-owned flag carrier of Nepal, is set to undergo a comprehensive restructuring, according to a recent announcement by the country’s President, Ramchandra Paudel. The statement was made during a public address focused on broader efforts to reform and enhance the nation’s civil aviation sector.
Norwegian, the low-cost carrier based in Norway, has confirmed that it will repay half of the $115 million convertible loan previously granted by the Norwegian government. The remaining balance of the loan will be converted into equity, effectively leaving the State with a 6.37% ownership stake in the airline.
The government of Equatorial Guinea has formally entered into a collaboration agreement with Lufthansa Consulting, the advisory arm of the Lufthansa Group, to assist in the evaluation and restructuring of Ceiba Intercontinental, the country’s national airline. The initiative is aimed at overhauling Ceiba’s operational performance and financial health.
GOL, one of Brazil’s leading airlines, has proposed a substantial $3.4 billion capital increase through share issuance as part of its strategy to exit Chapter 11 bankruptcy protection. The plan marks the most significant financial restructuring move by the company since it filed for bankruptcy earlier this year in the United States.
ITA Airways, Italy’s flag carrier, reported revenues of $3.5 billion for the full year 2024, representing a 26% increasecompared to the previous year, driven by expanded route offerings and improved passenger volumes. Despite this revenue growth, the airline recorded a net loss of $256.6 million, highlighting continued operational challenges and restructuring costs.
