Norwegian has revised its 2024 group operating profit forecast to approximately US$161 million, reflecting a lower-than-expected performance. The adjustment is largely attributed to balance sheet changes resulting from the weakening of the Norwegian Krone (NOK) against the US Dollar (USD) during the fourth quarter of 2024.
LOT Polish Airlines (Poland) has completed the repayment of the second tranche of its pandemic-era loan, transferring a total of US$108.6 million plus interest to the State. This repayment marks another significant step in LOT’s financial recovery following the challenges posed by the global COVID-19 pandemic.
KLM (Netherlands) has issued an appeal to its part-time pilots, requesting them to transition back to full-time roles as the airline faces a potential pilot shortage that could impact its operations by 2027. The carrier warns that without adequate cockpit staffing, it may be forced to ground part of its fleet, jeopardizing its operational efficiency and service offerings.
Deucalion Aviation (UK) has announced key appointments to lead its newly established New York office, signaling its commitment to expanding operations in the United States. The company has appointed David Sims as Senior Vice President (SVP) and Jack Conroy as Associate, both of whom bring extensive experience and expertise to their roles.
Avolon (Ireland) CEO Andy Cronin has highlighted a persistent production shortfall by aircraft manufacturers as a key factor shaping the aviation industry. Cronin asserts that this imbalance in supply and demand will continue to drive robust profits for airlines and lessors for at least the next decade.
China Southern Airlines has announced plans to resume its Shenzhen-Tokyo Narita service on February 11, 2025, utilizing the Airbus A321neo. This route restoration reflects the airline’s commitment to reconnecting major international destinations as global air travel demand continues to rebound.
Mexicana, one of Mexico’s leading airlines, is currently undergoing a strategic review, according to the President of Mexico. The announcement follows the cancellation of multiple routes, which had sparked speculation about potential operational difficulties. However, the President dismissed these concerns, emphasizing that the airline is focused on future planning and development.
GOL (Brazil) has finalized an individual settlement agreement with the National Treasury Attorney’s Office and the Special Secretariat of the Federal Revenue of Brazil. The agreement addresses and resolves tax liabilities for the company and its subsidiaries, amounting to a total of US$889 million.
Blue Air (Romania) has achieved a significant legal victory in a lawsuit against Transair (Senegal), securing a $2 million judgment in a UK commercial court. The case revolved around a dispute over a leased engine, highlighting the complexities and challenges in the aviation leasing sector.
Iraq’s Prime Minister, Mohammed Al-Sudani, has taken decisive action by directing regulators to expedite investigations into documented violations concerning the awarding and execution of contracts tied to Iraqi Airwaysoperations and associated services. This directive underscores the government’s commitment to ensuring accountability and transparency in public-sector dealings.
