TAROM Reports $18.7M Loss for 2023 Despite Revenue Growth

ByAdmin 13/11/202414/11/2024

TAROM, Romania’s national airline, has announced its 2023 financial results, reporting a net loss of $18.7 million. Despite the loss, TAROM experienced a 21.7% increase in total revenues, reaching $384 million. The airline’s revenue growth reflects a recovery in travel demand; however, financial challenges persist as TAROM continues to work toward sustainable profitability.

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Airlines | Pratt & Whitney

Wizz Air Signs New Pratt & Whitney Support Agreement

ByAdmin 02/01/202503/01/2025

Wizz Air, the Hungary-based low-cost carrier, has entered into a new support agreement with Pratt & Whitney, aiming to tackle ongoing engine-related challenges that have impacted its fleet. The carrier announced that it expects 40 aircraft to remain grounded through fiscal 2026 due to these issues, highlighting the significant operational hurdles caused by engine reliability concerns.

Airlines | Corporation | Maintenance

HAECO Extends Line Maintenance Contract with EVA Air

ByAdmin 06/01/202509/01/2025

HAECO, a leading global provider of aircraft engineering and maintenance services based in Hong Kong, has announced the extension of its line maintenance contract with EVA Air of Taiwan. The contract, now renewed until the end of 2026, continues to cover non-technical services, reinforcing the strong partnership between the two companies.

Airlines | Boeing | CFM International | Fleet

Allegiant Plans Fleet Expansion With 13 B737-8200s by 2025 End

ByAdmin 06/02/202513/02/2025

Allegiant Air has outlined its fleet strategy for 2025, aiming to expand its Boeing 737-8200 fleet to 13 aircraft while reducing the number of Airbus A320s to 79 and A319s to 30. This will bring Allegiant’s total fleet to 122 aircraft by the end of the year.

Airlines | Financial | Management

AirAsia X Enhances Transparency with Introduction of Internal Financial Targets

ByAdmin 24/02/202503/03/2025

In a move to bolster transparency and accountability, AirAsia X (AAX) has announced the implementation of internal financial targets as part of its regular financial disclosures. This strategic initiative is designed to offer investors and stakeholders enhanced clarity regarding the airline’s financial health and operational objectives.

ACMI | Airlines | Management

GetJet Airlines Appoints Inga Duglas as New CEO

ByAdmin 13/03/202513/03/2025

GetJet Airlines (Lithuania) has appointed Inga Duglas as its new Chief Executive Officer (CEO), succeeding Ruta Kulvinskaite, who has led the company for the past four years. This leadership transition marks a new chapter for the ACMI and charter carrier, as it continues to navigate growth and operational expansion.

Airlines | Management

Korean Air CEO to Be Promoted After Merger

ByAdmin 15/01/202517/01/2025

Korean Air CEO Woo Kee-hong is set to be promoted to vice chairman upon the completion of Korean Air’s corporate merger with Asiana Airlines. This promotion highlights the strategic importance of the merger, which aims to consolidate the two major South Korean carriers into a globally competitive airline. The merger process has been closely monitored by industry analysts and…

Airlines | Pratt & Whitney

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