Vietjet, the Vietnamese low-cost airline, has signed a cooperation agreement with Boeing to transfer 50 Boeing 737 MAX aircraft to its Thai subsidiary, Thai Vietjet Air. The aircraft are part of a larger order of 200 units originally placed in 2022, aimed at supporting Vietjet’s ambitious regional growth strategy.
Asia Aviation, the parent company of Thai low-cost carrier Thai AirAsia, has released its financial results for the first quarter of 2025, revealing a net profit of $41.7 million. This positive outcome was achieved despite a 4% year-over-year drop in revenue, which totaled $397 million. The airline’s financial position remains solid, with cash and cash equivalents amounting to $43.1…
Vietjet, the Vietnamese low-cost carrier, has posted strong financial results for the first quarter of 2025, with a 24% increase in consolidated pre-tax profit, reaching $32.1 million. This performance is built on total revenues of $690.5 million, reflecting solid demand and improved operational efficiencies.
Vietnam Airlines has reported a significant financial rebound for the first quarter of 2025, registering a consolidated pre-tax profit of approximately $138 million. The achievement is further supported by an 11% increase in consolidated revenue, reaching $1.2 billion, signaling a sustained recovery from the post-pandemic period and effective strategic implementation by the airline.
AirAsia Indonesia posted a significant financial improvement in the first quarter of 2025, despite remaining in negative territory. The airline reported a revenue growth of 14.2%, reaching US$118.4 million, while total losses were reduced to US$42.2 million, marking an 85% improvement compared to the previous year’s figures.
Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has reported a 93% decline in its 2024 net profit, citing the dual impact of lower average airfares and capacity constraints driven by global supply chain and maintenance issues. The carrier posted a net profit of $12 million, down sharply from the prior year.
Nok Air, a low-cost carrier based in Thailand, was officially delisted from the Thai Stock Exchange on January 9, 2025, marking the end of its 11-year presence as a publicly traded company. The delisting is part of the airline’s ongoing efforts to navigate through a challenging rehabilitation process.
Air Astana (Kazakhstan) has announced plans to introduce scheduled service to Cam Ranh/Nha Trang, Vietnam, beginning in late March 2025. The flights will operate from both Almaty and Astana, utilizing the airline’s modern A321LR aircraft.
Cambodia Angkor Air has officially undergone a rebranding and will now operate as Air Cambodia. This move reflects the airline’s ambition to modernize its operations and enhance its market presence. As part of its growth strategy, Air Cambodia is steadily working towards expanding its fleet to 32 aircraft, positioning itself for increased capacity and improved regional connectivity.
Cambodia Airways is actively expanding its fleet as part of its growth strategy by seeking Airbus A320 aircraft for inclusion. The airline plans to acquire these aircraft through dry leasing agreements, allowing it to scale operations efficiently while maintaining flexibility in its fleet composition.
