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.
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.
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.
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…
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.
Yakutia Airlines, a prominent Russian regional carrier, has appointed Vladimir Nikolaev as its acting Chief Executive Officer (CEO). This leadership change comes at a pivotal moment for the airline as it navigates operational challenges and plans for future growth.
Fly Modern Ark (South Africa) has unveiled a strategic initiative to relaunch and rejuvenate SA Express Airways, a move aimed at restoring the airline’s legacy as a premier regional carrier in Southern Africa. This ambitious plan highlights Fly Modern Ark’s commitment to revitalizing a key player in the region’s aviation landscape.
Nordica, Estonia’s national airline, has announced its decision to close operations and file for bankruptcy. The move follows the withdrawal of potential investor Lars Thuesen from a critical funding deal. This marks a significant setback for the carrier, which had been seeking financial support to sustain its operations.
