Air Canada has unveiled its 2028 financial targets, outlining ambitious goals that include achieving US$21 billion in operating revenues, a minimum adjusted EBITDA margin of 17%, and approximately 5% free cash flow margin. These targets highlight the airline’s focus on long-term profitability and sustained financial growth.
Vietnam Airlines has announced plans to convene an extraordinary meeting on January 21, 2025, where shareholders will discuss a proposal to issue new shares. The initiative aims to raise funds to increase the airline’s charter capital, with a maximum scale equivalent to approximately $867 million.
Cargojet (Canada) has announced its intent to secure federal funding for the development of a new aircraft Maintenance, Repair, and Overhaul (MRO) facility in Ontario. The facility is designed to support Cargojet’s fleet of 41 Boeing 757 and 767 freighters, while also providing services to other airlines and operators.
Garuda Indonesia, the national flag carrier of Indonesia, has announced plans to expand its fleet by adding 15-20 aircraft in 2025. This ambitious move reflects the airline’s strategy to strengthen its operations and meet the rising demand for air travel in both domestic and international markets.
Air India has officially disclosed its latest orders for 100 Airbus aircraft, including 10 A350s and 90 A320 Family jets, further bolstering its fleet expansion plans. The announcement underscores Air India’s strategic focus on modernizing its fleet and scaling its operations to meet growing passenger demand.
Air India Express, a leading low-cost subsidiary of Air India, has unveiled an ambitious plan to add 65 aircraft to its fleet over the next three years. This significant expansion aligns with the airline’s strategic goal to enhance its capacity and footprint in the regional and international aviation markets.
South African Airways (SAA) has announced plans to lease seven new aircraft scheduled for delivery during the fiscal year 2025/26. This move is part of the airline’s strategy to enhance its fleet and support its operational growth following a period of restructuring.
Kenya Airways CEO Allan Kilavuka has been appointed as the new Chairperson of the African Airlines Association (AFRAA), succeeding Joao Carlos Po Jorge. The appointment marks a significant milestone in Kilavuka’s leadership career and highlights his growing influence in Africa’s aviation industry.
