Capital A, the Malaysia-based parent of AirAsia, has secured approval from its shareholders and debtholders for a capital reduction plan valued at up to $1.4 billion. This strategic move is designed to help the company restructure its financial obligations and improve its overall balance sheet health.
El Al, Israel’s flagship carrier, is engaging in discussions with the Israeli government to relax the restrictions imposed on the airline as a condition for receiving state aid during the pandemic. In exchange, the airline is proposing a gradual reduction in the government’s participation in its security expenses.
Air Mauritius has announced the appointment of Kremchand Beegoo as its new chairman, leading the airline’s strategic direction. Alongside Beegoo, the company has introduced a new board comprising 13 members to support the airline’s governance and operational objectives. The reshuffling of the leadership comes during a pivotal time for Air Mauritius, as the carrier continues its recovery and…
The Association of Asia Pacific Airlines (AAPA) reported that its member airlines collectively carried 31.0 million international passengers in November 2024, representing a 19.8% increase compared to the same period last year. Revenue Passenger Kilometers (RPKs) grew by 21.7% year-on-year, reflecting the ongoing recovery of international travel demand in the region.
China Southern Airlines has announced strong passenger performance for November 2024, reporting a 9.6% increasein total passengers to 12.8 million compared to the same month in 2023. The airline’s Passenger Load Factor (PLF) also showed significant improvement, rising by 5.9 points to 84.8%, reflecting enhanced operational efficiency and robust demand.
China Eastern Airlines has reported strong passenger growth for November 2024, with total passengers rising 13.9%year-over-year to 11.2 million. This marks a significant improvement in the airline’s performance, reflecting growing demand for air travel and continued recovery in the aviation sector.
Nok Air, a budget carrier based in Thailand, has amended its business rehabilitation plan, implementing critical changes to ensure financial recovery. The updated plan includes revised loan facilities, adjusted repayment terms to lessors, and an extension of the implementation timeline by one year, now running until September 2027.
International Airlines Group (IAG), headquartered in the UK, has reaffirmed its commitment to its stake in Air Europa, Spain’s prominent airline. The group announced its decision to participate in Air Europa’s capital increase, contributing $16.8 million to the initiative. This move ensures that IAG retains its 20% ownership in the airline, solidifying its strategic position in the Spanish and broader…
Tunisair, Tunisia’s national carrier, is set to benefit from a government-initiated rescue plan, aimed at addressing the airline’s financial and operational challenges. A key focus of the plan is fleet renewal, as several aircraft in Tunisair’s current fleet are projected to reach the end of their operational life between 2029 and 2030.
TAROM, the national carrier of Romania, has officially cleared its $23.7 million debt to the Romanian State, according to the National Agency for Fiscal Administration (ANAF). This development marks a significant step in the airline’s financial recovery and ongoing efforts to stabilize its operations.
