Nouvelair, the Tunisian leisure carrier, has expanded its operational capacity by adding one Airbus A321, with manufacturer serial number (MSN) 3636, under a wet lease agreement with Spanish operator Privilege Style. This fleet addition comes in preparation for increased seasonal demand, particularly during the busy summer period.
Star East Airline, a Romanian charter and ACMI operator, has taken delivery of its second Airbus A320, identified by serial number 415. The fleet expansion supports the airline’s growing operational footprint across Europe, particularly in the seasonal and ACMI leasing markets.
Buzz, the Polish charter airline and subsidiary of the Ryanair Group, has reported a 28% decline in net profit, posting $25.4 million for the fiscal year ending 31 March 2024. Despite this setback, the airline recorded revenues of $555 million, indicating a resilient operational performance in a highly competitive European leisure market.
Global Crossing Airlines Group (GlobalX) reported a 40% increase in revenue for 2024, reaching US$223.8 million, compared to US$160.1 million in the previous year. Despite the revenue growth, the airline recorded a net loss of US$11.5 million, an improvement from the US$21.0 million net loss in 2023. The company ended the year with a cash balance of US$14.0 million, including restricted cash.
Jet Time, a Danish airline specializing in charter and ACMI operations, has announced its best-ever financial performance, achieving a pre-tax profit of $6.1 million in its last fiscal year. This record-breaking result highlights the airline’s strong operational performance and strategic efficiency.
