Jetstar Airways, the Australian low-cost subsidiary of Qantas Group, has received a new Airbus A320, identified by serial number 12545, expanding its short-haul fleet. The aircraft is powered by CFM International LEAP-1A26 engines, offering enhanced fuel efficiency and reduced carbon emissions compared to older variants.
flynas, Saudi Arabia’s leading low-cost airline, has officially begun trading its shares on the Riyadh stock exchange, marking a significant milestone in its growth trajectory and the development of the Kingdom’s aviation sector. The public market debut places the airline’s valuation at approximately $3.65 billion, a reflection of investor confidence and the company’s strong position in the…
JetSMART, the ultra-low-cost airline based in Chile, has taken delivery of a brand-new Airbus A320neo, with manufacturer serial number 12570. The aircraft is powered by Pratt & Whitney PW1127G-JM geared turbofan engines, reinforcing JetSMART’s commitment to operating a modern, fuel-efficient fleet as it expands its footprint across South America.
flyadeal, the Saudi low-cost carrier and subsidiary of Saudi Arabian Airlines (Saudia), has taken delivery of two Airbus A320 aircraft on wet lease from Cebu Pacific of the Philippines. The aircraft, identified by manufacturer serial numbers (MSNs) 5515 and 5179, are powered by CFM International CFM56-5B4/3 engines.
SpiceJet, one of India’s prominent budget airlines, has announced a significant financial turnaround in its fourth quarter of fiscal year 2025, recording a profit after tax of $37.8 million. This figure marks a 173% increase compared to the previous period, underscoring a robust recovery in profitability despite declining revenues.
Eastar Jet, a low-cost carrier based in South Korea, has announced a planned capital increase of $43.9 million, set to be completed within June 2025. The move is part of a broader effort to strengthen the airline’s financial foundation and enable fleet growth as it continues its recovery in the post-pandemic aviation environment.
JetSMART, the ultra-low-cost carrier based in Chile, has appointed Pedro Asenjo as its new Director of Strategy and Network Planning. The move comes as the airline seeks to bolster its growth trajectory and fine-tune its route development strategies across South America.
Southwest Airlines, one of the largest low-cost carriers in the world and a dominant player in U.S. domestic aviation, has officially joined the International Air Transport Association (IATA). This development signifies a notable milestone in the airline’s evolution, aligning it more closely with global industry standards and practices.
T’way Air, a low-cost airline based in South Korea, has postponed its extraordinary general meeting (EGM) to 24 June 2025, thereby delaying the finalization of its proposed acquisition of Daemyung Sono’s management rights. The move follows a delay in the anticipated ruling from the Fair Trade Commission (FTC), which is currently reviewing the proposed corporate combination.
flynas, the Saudi Arabian low-cost carrier, has officially priced its initial public offering (IPO) at $21.30 per share, successfully raising $1.1 billion. The offering saw overwhelming demand from institutional investors, achieving a remarkable 100-times oversubscription, and valuing the airline at approximately $3.6 billion.
