Air Europa, a major airline in Spain, has taken a significant step to address its financial challenges by hiring PJT Partners, a US-based advisory firm, to manage its debt and potentially arrange a capital increase. The airline aims to tackle a substantial debt of US$491.8 million, owed to the Spanish government, as part of its recovery strategy.
Delta Air Lines, one of the largest global carriers based in the United States, has announced the appointment of Judith McKenna to its board of directors. Her tenure will begin on February 7, 2025, bringing her extensive leadership and strategic experience to the airline’s governance.
CAVU Aerospace, a leading US-based aviation services provider, has named Brian Postel as its new President. This leadership change signals a pivotal moment for the company as it continues to strengthen its position in the aviation industry.
Etihad Airways (UAE) has filed for additional flights to London Heathrow from Abu Dhabi, utilizing new slots leased from American Airlines (US). This strategic move aims to strengthen Etihad’s presence on the highly competitive Abu Dhabi-London route, providing passengers with increased travel options.
Southwest Airlines (US) has announced significant leadership changes with the upcoming retirements of Executive Vice President (EVP) and Chief Financial Officer (CFO) Tammy Romo and Chief Administration Officer Linda Rutherford. Romo’s retirement will take effect on April 1, 2025, while Rutherford’s retirement timeline has not been specified.
Crestone Air Partners currently has one A321-200 undergoing freighter conversion, as part of its strategic efforts to expand its cargo offerings. Additionally, the company has an A321F airframe available for immediate sale or lease, located in Marana, Arizona.
Connect Airlines (US) has officially transferred its final aircraft, a DHC8-400, bearing serial number 4327, to Air Niugini (Papua New Guinea). With this transfer, Connect Airlines is now left without any aircraft in its fleet, marking a significant shift in its operational status.
Aero Capital Solutions (US) has shared its 2024 transaction highlights, showcasing a year of significant activity and growth. The company purchased 67 aircraft and 10 standalone engines during the year, strengthening its diverse portfolio of aviation assets.
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.
Delta Air Lines (US) has announced robust financial results for the fourth quarter of 2024 and the full year. In 4Q 2024, the airline achieved an operating revenue of $15.6 billion, a 5.7% increase compared to the same period in the previous year. Delta’s net income for the quarter was $843 million, reflecting its strong operational performance.
