Turkish Airlines Reports Strong 2024 Financial Performance

ByAdmin 02/03/202505/03/2025

Turkish Airlines, Turkey’s national carrier, has announced its financial results for 2024, reporting revenue of $22.5 billion and a net profit of $3.4 billion, marking a 17% increase compared to the previous year. The airline’s cash and cash equivalents reached $1.87 billion, underscoring its robust liquidity and financial stability.

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Airbus | Airlines | CFM International | Delivery | Fleet

China Eastern Adds A321neo With LEAP-1A32 Engines

ByAdmin 01/05/202503/05/2025

China Eastern has expanded its single-aisle aircraft fleet with the recent delivery of a new Airbus A321neo, bearing serial number 12496. The aircraft is powered by CFM International LEAP-1A32 engines, marking a continued preference by the airline for this advanced and fuel-efficient powerplant in its narrowbody expansion strategy.

Airbus | Airlines | AOC | Leasing

Parata Airlines Plans Relaunch With AOC Target for Summer 2025

ByAdmin 21/02/202524/02/2025

Parata Airlines (South Korea) is gearing up for a relaunch, targeting the acquisition of an Air Operator’s Certificate (AOC) by summer 2025. The airline, which previously suspended operations, is now preparing to resume domestic services, alongside long-haul routes.

Airlines | Management

Bees Airlines AOC Suspended by Romanian CAA

ByAdmin 15/01/202517/01/2025

Bees Airlines (Romania) has had its Air Operator Certificate (AOC) suspended by the Romanian Civil Aviation Authority (CAA) following the abrupt cancellation of all scheduled commercial flights. The suspension of the AOC marks a significant setback for Bees Airlines, halting its operations and raising concerns about its future viability. This decision by the Romanian CAA underscores the regulatory body’s commitment…

Airlines | Flag Carrier | Management

Air India Restructures Subsidiary Board Leadership

ByAdmin 24/04/202525/04/2025

Air India has announced a restructuring of its leadership within subsidiary Air India Express (AIX), as part of ongoing governance realignment across the Tata Group’s aviation ventures. Campbell Wilson, the Group CEO of Air India, will step down as Chairman of AIX, with responsibilities handed over to two senior executives already embedded in the company’s leadership structure.

Airlines | Governments

Air Incheon Seeks US Foreign Air Carrier Permit

ByAdmin 08/01/202512/01/2025

Air Incheon (South Korea) has submitted an application to the US Department of Transportation (DOT) seeking a foreign air carrier permit and an exemption. The approval would authorize Air Incheon to conduct both scheduled and on-demand charter foreign air transportation between South Korea and the United States.

Corporation | Financial | Lessor

SKY Leasing Closes Flagship Fund With $1.35B Raised

ByAdmin 24/04/202525/04/2025

SKY Leasing, a U.S.-based aircraft leasing platform, has successfully completed the final close of its flagship investment vehicle, SKY Fund VI, with over $1.35 billion in total capital commitments. The fund significantly exceeded its original fundraising target, underlining strong institutional investor confidence in SKY’s strategy and track record.

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