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Regional Plus Wings Reports FY2025 Loss, Subsidiaries Show Mixed Results

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Regional Plus Wings, the Japanese holding company overseeing regional carriers Air Do and Solaseed Air, reported a net loss of $3.6 million for the fiscal year ending March 2025. The group also posted a 3.7% increase in operating revenue, reaching $728.2 million, indicating ongoing recovery but continued cost pressures.

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Werner Aero Becomes Wholly Owned Subsidiary of Sumitomo Corporation

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Werner Aero (US) has officially become a wholly owned subsidiary of Sumitomo Corporation of Americas (US), following its full acquisition by Sumitomo Corporation (Japan) and its US division on 27 December 2024. This strategic acquisition marks an important step in strengthening Sumitomo’s global presence in the aviation sector.