TAROM, Romania’s national airline, may need to go beyond its current restructuring plan to secure its future, according to an independent auditor. This assessment comes despite the airline showing improved financial results for 2023, indicating progress but not enough to address long-term sustainability.
Please SUBSCRIBE to view the full content.
First month of membership is free!
Air Cairo, the Egyptian hybrid carrier and subsidiary of EgyptAir, has taken delivery of a Boeing 737-800, serial number 40146, on wet lease from SkyUp Airlines of Ukraine. The aircraft will support the airline’s regional and charter operations during a period of fleet expansion and transition.
Falko, a UK-based regional aircraft leasing company, has announced that Kroll Bond Rating Agency (KBRA) has upgraded the rating of its Series A Loans issued under the Regional 2021-1 transaction, raising them from A- to A. The upgrade underscores Falko’s strong portfolio performance and effective asset management in a volatile leasing environment.
Airlink, South Africa’s leading regional airline, has announced the introduction of nonstop flights between Cape Town and Gaborone. This new route, scheduled to commence on April 1, 2025, will enhance connectivity between the two cities, catering to both business and leisure travelers.
Lufthansa, Germany’s flagship carrier, has urged the European Commission to suspend the EU-Qatar air transport agreement, citing concerns over its “radically unequal” terms and serious corruption allegations. The agreement, which liberalizes market access between the EU and Qatar, has come under increased scrutiny in recent months.
Korean Air has announced its decision to proceed with the merger of its three low-cost carriers (LCCs): Jin Air, Air Seoul, and Air Busan. The move comes despite resistance from some Busan-based shareholders, who have voiced concerns about the impact on the local aviation sector and competition.
Japan Airlines (JAL) has expanded its widebody fleet with the delivery of an Airbus A350-1000, identified by serial number 538, powered by Trent XWB-97 engines manufactured by Rolls-Royce. This aircraft marks another step in JAL’s strategy to modernize its long-haul fleet and enhance efficiency on transcontinental routes.
