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Tunisair Government Rescue Plan to Focus on Fleet Renewal

ByAdmin

Tunisair, Tunisia’s national carrier, is set to benefit from a government-initiated rescue plan, aimed at addressing the airline’s financial and operational challenges. A key focus of the plan is fleet renewal, as several aircraft in Tunisair’s current fleet are projected to reach the end of their operational life between 2029 and 2030.

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EgyptAir Maintenance & Engineering (M&E) is pursuing a strategic joint venture with an undisclosed Middle East-based engine specialist, aligning with the group’s ambitious new five-year strategy. This partnership aims to bolster EgyptAir M&E’s capabilities in engine maintenance, repair, and overhaul (MRO) services while expanding its influence in the Middle East aviation market.

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Thai Airways Initiates Voluntary Debt-to-Equity Conversion for Creditors

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Thai Airways International has commenced the Voluntary Debt-to-Equity Conversion period for its creditors, effective November 18, 2024. This initiative is a pivotal component of the airline’s ongoing business rehabilitation plan, aiming to strengthen its financial structure and enhance operational stability.

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China Airlines Sees 36.5% Profit Growth In Q1 2025

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China Airlines, the flag carrier of Taiwan, recorded a robust financial performance in the first quarter of 2025, with net profit rising 36.5% year-on-year to reach $153.7 million. The airline also reported total sales of $1.74 billion, reflecting strong recovery trends across both passenger and cargo operations.

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Air Mauritius Parts Ways with CEO Charles Cartier; Managing Committee Assumes Leadership

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Air Mauritius has officially announced the departure of Chief Executive Officer (CEO) Charles Cartier, effective immediately. This decision was made during the company’s Annual General Meeting (AGM) held on February 6, 2025, where shareholders chose not to renew Cartier’s mandate. Consequently, a managing committee has been established to oversee the airline’s operations during the transitional period until a new CEO…

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Jazeera Airways Posts 66% Profit Increase in 3Q 2024

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Jazeera Airways, Kuwait’s leading low-cost airline, reported a strong financial performance for the third quarter of 2024, with a 66.1% increase in net profit, reaching $37.8 million. The airline’s Group operating revenue also grew by 5.7% year-over-year, totaling $211 million. This substantial profit growth underscores Jazeera Airways’ successful strategies in managing operational efficiency and capitalizing…