In the ever-changing landscape of the aviation industry, Volotea, a Spanish low-cost airline, has decided not to pursue slots at Milan Linate, leaving easyJet as the only airline still interested in these slots. This decision comes in the wake of ITA Airways and Lufthansa having to give up their slots as part of the EU…
Jazeera Airways, Kuwait’s leading low-cost airline, reported a strong financial performance for the third quarter of 2024, with a 66.1% increase in net profit, reaching $37.8 million. The airline’s Group operating revenue also grew by 5.7% year-over-year, totaling $211 million. This substantial profit growth underscores Jazeera Airways’ successful strategies in managing operational efficiency and capitalizing…
The Portuguese government has expressed its intention to retain a 51% controlling stake in TAP Air Portugal, following the airline’s recent public-funded rescue. This move ensures that Portugal maintains a majority interest in TAP, safeguarding national interests and providing stability as the airline recovers from financial challenges. However, this approach may affect potential investment from…
Southwest Airlines has announced the appointment of Rakesh Gangwal as the new independent Chair of its Board of Directors. This significant leadership change comes as part of the airline’s broader governance efforts to enhance oversight and strategic guidance. The appointment of Gangwal, a respected figure in the aviation industry, underscores Southwest’s commitment to strengthening its…
MMAG Aviation Consortium has secured regulatory approval from Labuan, Malaysia, to establish a subsidiary, MMAG Skyfleet, which will operate as an aircraft leasing unit. This strategic move marks MMAG’s entry into the aircraft leasing industry, allowing the consortium to diversify its aviation operations and cater to the growing demand for leasing services within the region….
Jackson Square Aviation, a U.S.-based aircraft leasing company, has announced a partnership with Ireland’s Future Energy Global to accelerate investment in sustainable aviation fuel (SAF) production. This collaboration aims to generate the capital needed to scale SAF production, supporting the aviation industry’s shift toward more sustainable energy sources and reducing its carbon footprint. As the…
Genesis, an Ireland-based aircraft lessor, has announced the promotion of Denise Byrne from her role as VP of Pricing to Senior Vice President (SVP) of Portfolio Services. This new department will consolidate Genesis’s pricing and risk management activities under a single umbrella, enhancing the company’s focus on effective asset management and strategic financial oversight. Byrne’s…
Capital A, the Malaysia-based parent company of AirAsia, has announced the promotion of its Chief Financial Officer, Pattra Boosarawongse, to the position of Deputy CEO, effective 1 November 2024. This appointment reflects Capital A’s recognition of Boosarawongse’s contributions and expertise, particularly in financial strategy and organizational leadership. As Deputy CEO, Boosarawongse is expected to play…
Azul, one of Brazil’s leading airlines, has rejoined the Brazilian Airline Association (ABEAR) after a five-year hiatus. Azul initially left the association amid disagreements with rival airlines, but this decision to return marks a renewed commitment to collaboration within Brazil’s aviation industry. By rejoining ABEAR, Azul signals a positive shift toward unified efforts in addressing…
Aeolus Engine Services, an Irish aviation services provider, is set to appear before the Federal High Court of Nigeria on 18 November 2024 for a hearing regarding its Winding Up petition against Dana Air, a Nigerian airline. The petition follows lease arrears accumulated by Dana Air, prompting Aeolus to pursue legal action in an effort…
