Vietnam Airlines has entered a significant financial partnership with Vietcombank through a newly signed memorandum of understanding (MoU) focused on capital arrangement for the acquisition of 50 narrowbody aircraft. The agreement lays the foundation for structured financing of the airline’s fleet renewal and expansion from 2026 to 2032.
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In October 2024, Air New Zealand reported a 2.1% reduction in capacity compared to the same period in 2023. This decline is attributed to significant engine maintenance challenges, including delays affecting Pratt & Whitney PW1100G-JM engines and Rolls-Royce Trent 1000 engines.
Klaus-Michael Kuhne, a significant shareholder of Lufthansa Group, has publicly voiced concerns about a perceived decline in service quality at Lufthansa and its subsidiary, SWISS. In his statement, Kuhne highlighted dissatisfaction with operational standards and hinted at plans to exert greater influence on the airline’s management to address these issues.
IndiGo (India) has taken delivery of a new Airbus A321neo, identified by serial number 12091. The aircraft is powered by LEAP-1A32 engines, reinforcing IndiGo’s position as one of the leading operators in the region with a modern and efficient fleet.
Icelandair achieved a new milestone in 2024, transporting a record 4.7 million passengers, marking a 9% increasecompared to 2023. This significant growth reflects the airline’s ongoing recovery and expansion efforts in the competitive international aviation market.
Avolon, a leading aircraft leasing company based in Ireland, has announced its operational and financial highlights for the fourth quarter of 2024, showcasing significant growth and strategic progress. During the quarter, Avolon acquired 12 aircraft and transitioned five aircraft to 10 customers. The company also finalized 17 sale and leaseback agreements, sold 29 aircraft, and signed Letters of Intent (LOIs) for the sale of an…
IndiGo, India’s largest airline, has received approval from the Indian government to renew the wet lease of 11 Airbus A320 aircraft from Latvia-based SmartLynx Airlines. This renewal aims to support IndiGo’s operational needs as the carrier addresses an Aircraft on Ground (AOG) issue caused by recurring engine snags affecting its fleet. The wet lease agreement…
