Play Airlines, the low-cost carrier based in Iceland, has accepted a settlement offer from the Financial Supervisory Authority (FME) relating to issues around the disclosure of its lower revenue generation in 2022. As part of the settlement, the airline has agreed to pay a fine of US$120,800.
flyadeal, the low-cost airline based in Saudi Arabia, has recently taken delivery of a new Airbus A320neo aircraft, marked by serial number 12269. This aircraft is powered by LEAP-1A26 engines, which are known for their high efficiency and reduced carbon emissions, aligning with the airline’s commitment to environmentally friendly operations.
SpiceJet is once again under legal scrutiny as it faces fresh insolvency proceedings initiated by BBN Airlines Indonesia. The dispute centers on unpaid lease rentals amounting to US$5.9 million, marking another financial challenge for the Indian low-cost carrier.
Pobeda Airlines (Russia) is set to reclaim all Boeing 737s currently operated by sister airlines Aeroflot and Rossiya, reinforcing its commitment to a single-fleet strategy. The move aims to simplify operations, reduce maintenance costs, and enhance overall fleet efficiency.
T’way Air (South Korea) CEO Jeong Hong-geun has stepped down after failing to secure a fourth consecutive term, following the airline’s acquisition by Daemyung Sono Group. This leadership transition marks a significant shift for the South Korean low-cost carrier, which is now under new ownership.
Hanjin Group Chairman Cho Won-tae has officially stated that Air Busan (South Korea) will not be sold as a separate entity, reinforcing the group’s commitment to maintaining its aviation portfolio. Amid speculation about potential restructuring or divestment, Cho’s remarks affirm that Air Busan will remain under Hanjin Group’s control, ensuring stability for the airline.
Southwest Airlines (US) has expanded its next-generation fleet with the delivery of a Boeing 737-8, serial 68627, powered by CFM International LEAP-1B28 engines. This addition aligns with the airline’s fleet modernization efforts, ensuring fuel efficiency, enhanced performance, and cost savings.
AJet (Turkiye) has outlined an ambitious growth strategy, targeting an expansion of its flight network to 44 countrieswhile increasing its fleet size to 200 aircraft by 2033. This long-term plan aims to position AJet as a key player in the international low-cost airline market, capitalizing on growing demand for affordable air travel across multiple regions.
AirAsia Aviation Group, Malaysia’s leading low-cost carrier, has confirmed plans to expand its fleet with 14 new aircraft deliveries in 2025. This strategic move aims to support the surging travel demand across the ASEAN region and beyond, reinforcing AirAsia’s position as a dominant player in the aviation industry.
Norwegian, one of Europe’s largest low-cost carriers, has announced an agreement to purchase ten Boeing 737-800 aircraft that are currently part of its leased fleet. The airline will fund the transaction using cash on hand, with the deal expected to be finalized in Q1 2025.
