Air Europa has formally agreed to a €300 million (approximately $349 million) investment offer from Turkish Airlines in exchange for a minority stake in the Spanish carrier. The strategic move is designed to bolster Turkish Airlines’ reach into the Latin American market, a region where it seeks deeper connectivity despite the two carriers belonging to different global alliances—SkyTeam for Air Europa and Star…
Turkish Airlines, the world’s leading carrier by number of countries served, has successfully executed a new Islamic finance transaction for the acquisition of an Airbus A350. The deal, denominated in Swiss Francs (CHF), was signed with Dubai Islamic Bank (DIB)—the world’s first Islamic bank and the UAE’s largest Shariah-compliant financial institution.
LATAM Airlines Group and Delta Air Lines have officially announced the expansion of their trans-American joint venture (JV) to include Argentina. This integration marks a significant milestone in the partnership, aiming to further consolidate the connectivity between North and South America through coordinated operations, schedules, and commercial efforts.
Qatar Airways and Kenya Airways have announced the signing of a memorandum of understanding (MoU) to form a comprehensive strategic partnership. The agreement aims to strengthen ties between the two national carriers by launching a codeshare arrangement and expanding flight frequencies between Kenya and Doha. This partnership is designed to enhance connectivity for passengers across both networks, providing improved access to each…
Vietnam Airlines, the national flag carrier of Vietnam, has signed a memorandum of understanding (MOU) with ING, a Netherlands-based global financial institution, to secure funding of up to $1.5 billion. This significant agreement is part of the airline’s broader plan to finance strategic projects, modernize operations, and ensure long-term financial resilience.
Riyadh Air and Air France-KLM have signed a Memorandum of Understanding (MOU) to establish a framework for strategic cooperation. The agreement aims to enhance travel options for passengers traveling between Saudi Arabia and Europe, as well as other global destinations served by the two carriers.
AirAsia (Malaysia) is in discussions to form a strategic cooperation with Vietravel Airlines (Vietnam), aiming to boost the operational capacity of the Vietnamese carrier. The proposed partnership is part of AirAsia’s broader strategy to expand its footprint in Southeast Asia through tactical alliances and joint initiatives with regional operators.
Emirates and Air Mauritius have officially renewed their long-standing strategic partnership, which includes a reciprocal codeshare agreement, expanded frequent flyer cooperation, and enhanced cargo handling services. The renewed collaboration strengthens ties between the two carriers and broadens connectivity across Africa, Asia, and Europe.
Volotea, the Spanish low-cost carrier, is evaluating a potential revival of its strategic partnership with the Abra Group, a UK-based airline investment firm. The renewed collaboration is reportedly contingent on the progress and final resolution of the proposed IAG (UK) acquisition of Air Europa (Spain), which is currently under regulatory and competitive review.
KlasJet, a prominent charter and ACMI provider based in Lithuania, has announced the continuation and expansion of its strategic partnership with Sun d’Or, an Israeli airline and subsidiary of El Al. As part of this collaboration, KlasJet will lease a fourth Boeing 737-800 to Sun d’Or for a designated period, spanning from 28 December 2024 to 31 March 2025.
