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Azores Airlines Faces Insolvency Risk If Privatization Fails

ByAdmin

Azores Airlines, the regional flag carrier of Portugal’s Azores archipelago, may be forced to declare insolvency if its ongoing privatization process does not succeed, according to Duarte Freitas, a senior official from the Regional Government of the Azores. The financial exposure in such a case could exceed US$350 million, placing substantial pressure on regional and national stakeholders.

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Malawi Airlines Adds B737-700 As Part Of Fleet Renewal

ByAdmin

Malawi Airlines is undergoing a fleet renewal initiative with the addition of a Boeing 737-700, bearing serial number 30726, as it simultaneously phases out an older B737-700 with serial number 33787. The newly delivered aircraft is owned by Dara Aviation, an Ireland-based leasing firm, while the outgoing aircraft was previously owned by Ethiopian Airlines.

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Air Serbia Forecasts $806M Revenue With 4.7M Passengers

ByAdmin

Air Serbia has announced its expectations for 2025, forecasting that the airline will carry over 4.7 million passengersduring the calendar year. Accompanying this ambitious traffic target, the airline projects revenue to surpass $806 million, a significant step forward from its previous benchmarks and a strong indication of its growing market presence and operational momentum.

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Southern Airways Express Explores Airline Partnerships

ByAdmin

Southern Airways Express, a U.S.-based regional carrier, has confirmed that it is currently engaged in discussions with multiple airlines regarding potential partnership opportunities. While no formal agreements have been announced, the company has stated it will disclose any developments should negotiations result in concrete collaborations.

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Utair Reports Q1 Profit On Double-Digit Revenue Growth

ByAdmin

Utair, a prominent regional airline based in Russia, recorded a net profit of US$7.7 million in the first quarter of 2025, supported by a 13.7% year-over-year revenue increase to US$209.5 million. The results highlight the airline’s operational resilience amid continued economic uncertainty.

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Jiangxi Airlines Takes Delivery Of B737-800, Serial 43914

ByAdmin

Jiangxi Airlines, a regional Chinese carrier based in Nanchang, has taken delivery of a Boeing B737-800, identified by serial number 43914, under a lease arrangement. The aircraft is powered by CFM56-7B26E engines, manufactured by CFM International, and is expected to support domestic route expansion and frequency upgrades.

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Korea Express Air Faces Sale Amid Financial Restructuring

ByAdmin

Korea Express Air, a South Korean regional airline, is anticipated to be put up for sale as it navigates ongoing management and financial difficulties. The carrier has been under corporate rehabilitation procedures since October 2024, and its stakeholders are now considering strategic options, including a full sale, to stabilize the business.

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airBaltic Reports 8.3 Million Passengers in 2024

ByAdmin

airBaltic (Latvia) has announced its operational results for 2024, reporting a significant milestone of carrying 8.3 million passengers, a testament to the airline’s strong performance over the year. This marks a substantial increase compared to previous years, reflecting growing demand across its network. In 2024, the airline successfully operated 73,300 flights, highlighting its capability to meet passenger demand…

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Silver Airways Secures Cash Collateral for Operating Expenses

ByAdmin

Silver Airways (US) has announced that it will utilize cash collateral to cover its operating expenses for an initial two-week period. This move comes as the airline works to secure Debtor-in-Possession (DIP) financing, which is essential for stabilizing its financial position and continuing operations.