TrueNoord has expanded its aircraft portfolio and strengthened its presence in India through the delivery of two ATR 72-600 aircraft to FLY91 under long-term operating lease agreements.
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Eric Koury, the former Chief Executive Officer of Air Antilles, has been sentenced to 18 months in prison (suspended) and ordered to pay a fine of $112,500 in connection with embezzlement charges. The sentencing marks the culmination of a legal case that had been under investigation for several years.
Aerolineas Argentinas, the national carrier of Argentina, has reported a significant reduction in its reliance on government subsidies in 2024. The airline required only $64.2 million in subsidies, a substantial decline compared to the $128.4 million it needed in 2023. This development underscores ongoing efforts by the airline to enhance its operational efficiency and financial sustainability.
Nok Air, a Thai low-cost carrier, is preparing to raise $221 million in new capital as part of its recovery strategy aimed at exiting its rehabilitation plan within the next three years. The capital increase will serve multiple operational and strategic needs, including purchasing engines, repairing existing aircraft, leasing new aircraft, enhancing passenger services, and funding working capital.
Lufthansa Group has reported a 27% year-on-year increase in adjusted EBIT for the second quarter of 2025, underscoring its robust financial recovery and efficient operational strategy amid strong travel demand. The group recorded an adjusted EBIT of €1.22 billion, significantly up from €961 million in Q2 2024. This performance reaffirms the Group’s positive full-year forecast, driven by continued passenger growth…
A UPS Cargo aircraft, operating as flight UPS2976, has crashed shortly after takeoff from Louisville Muhammad Ali International Airport, resulting in a major explosion and fire near the airfield. The aircraft involved, a McDonnell Douglas MD-11, was on a routine cargo flight when it went down soon after departure, reportedly striking a UPS warehouse adjacent to the airport.
HAECO (Hong Kong) has announced a new maintenance partnership with SF Airlines (China) to conduct C-checkson the carrier’s fleet of Boeing 747 freighters (B747F). The checks will be carried out at HAECO’s state-of-the-art facilities in Hong Kong, further strengthening the MRO provider’s foothold in the cargo maintenance segment.
