Turkish Airlines has announced a significant capital injection of $434 million into its subsidiary AJet, marking a strategic move to support AJet’s expansion and operational growth. The investment underscores Turkish Airlines’ commitment to enhancing the capabilities and market presence of its subsidiary.
AJet, a Turkish airline, has entered into a lease agreement for nine Boeing 737-800 aircraft from SunExpress, also based in Türkiye. The leased aircraft are set to enter service on November 18, 2024, to support AJet’s operations during the upcoming winter season. This strategic move reflects AJet’s efforts to bolster its fleet capacity to meet the increased demand for seasonal…
South African Airways (SAA) has expanded its fleet with the delivery of a Boeing 737-800, identified by serial number 61177, on a wet lease from SunExpress of Turkiye. This aircraft, equipped with CFM56-7B26E engines, is intended to support SAA’s regional operations, allowing the airline to meet growing demand across its African and regional routes. The wet lease arrangement provides SAA with the flexibility to…
AJet, an airline based in Turkiye, has recently expanded its fleet with the addition of a leased Airbus A320neo. The aircraft, identified by serial number 8168, is powered by PW1127G-JM engines from Pratt & Whitney, known for their fuel efficiency and reduced emissions. This acquisition reflects AJet’s ongoing commitment to modernizing its fleet with next-generation aircraft that offer operational efficiencies…
Pegasus Airlines, a prominent low-cost carrier from Turkiye, has reported a 19% increase in net profit for the third quarter of 2024, totaling $322 million. However, despite the strong quarterly performance, the airline’s net profit for the first nine months of 2024 saw a slight decline, falling 3% to $332 million. These figures reflect Pegasus Airlines’ adaptability and focus on profitability, even amidst…
Turkish Airlines has announced its performance statistics for October 2024, revealing a 2.9% decline in passenger numbers compared to the previous year, totaling 7.1 million passengers. Despite this decrease in traffic, the airline maintained a load factor (LF) of 82.7%, indicating stable occupancy on its flights. Additionally, the airline reported a 4.8% increase in Available Seat Kilometers (ASKs), reflecting expanded capacity and route offerings.
Turkish Airlines has revealed plans to expand its global network with the launch of new flights from Istanbul to Lima, Peru and Phnom Penh, Cambodia, expected to begin by June 2025. This route expansion is part of Turkish Airlines’ strategy to increase its presence in underserved regions and strengthen connectivity between Turkey and South America, as well as Southeast Asia. With these…
Pegasus Airlines, a prominent Turkish low-cost carrier, has expanded its fleet with the delivery of a new Airbus A321neo, serial number 12047. This latest addition is powered by advanced LEAP-1A32 engines, known for their fuel efficiency and low emissions. The A321neo model is part of Pegasus’s ongoing fleet modernization efforts aimed at improving operational efficiency and reducing environmental impact…
Turkish Airlines has reported a strong financial performance for the first nine months of 2024, achieving a net profit of $2.7 billion on total revenues of $17.0 billion. The airline’s robust cash position, with cash and cash equivalents totaling $1.7 billion at the end of the period, highlights its financial resilience and capacity for continued…
