Vietnam Airlines and Saudia have established a new codeshare partnership, connecting major cities in Vietnam and Saudi Arabia. Under this agreement, travelers can now book single-itinerary tickets between Hanoi and Ho Chi Minh City to Jeddah and Riyadh, with shared flight numbers and streamlined coordination between the two flag carriers.
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Austrian Airlines, the national carrier of Austria, reported a 40% year-over-year decline in its 2024 adjusted EBIT, amounting to US$81.3 million. This decrease comes despite a 5% increase in annual revenue, which reached US$2.6 billion.
China Eastern Airlines, one of China’s leading carriers, has expanded its fleet with the delivery of a new Airbus A321neo, bearing serial number 12318. This advanced aircraft is equipped with LEAP-1A32 engines, known for their superior fuel efficiency and environmental performance.
Silver Airways (US) has announced that it will utilize cash collateral to cover its operating expenses for an initial two-week period. This move comes as the airline works to secure Debtor-in-Possession (DIP) financing, which is essential for stabilizing its financial position and continuing operations.
Israir Airlines, based in Israel, has announced plans to wet lease two widebody aircraft to operate direct flights between Tel Aviv and Newark for the upcoming winter 2024/25 season. This strategic move will allow Israir to expand its long-haul route offerings and provide an alternative to current transatlantic services from Israel. By leasing widebody aircraft specifically for these routes, Israir aims…
Air Serbia has returned its sole Embraer E195 aircraft, registered YU-ATB (serial number 19000213), to service following nearly two months of maintenance in Naples. The aircraft resumed operations on a flight between Belgrade and Dusseldorf.
Azul has announced a significant change in its capital structure through the conversion of 35% of notes due in 2029 and 2030 into preferred shares, as part of a broader capital increase initiative. The move aims to improve the airline’s balance sheet and reduce debt burdens in the face of continued financial pressures across the Brazilian aviation sector.
