Werner Aero (US) has officially become a wholly owned subsidiary of Sumitomo Corporation of Americas (US), following its full acquisition by Sumitomo Corporation (Japan) and its US division on 27 December 2024. This strategic acquisition marks an important step in strengthening Sumitomo’s global presence in the aviation sector.
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Azul, one of Brazil’s largest airlines, is reportedly in advanced negotiations with creditors to secure approximately $600 million in emergency financing. This strategic move is aimed at sustaining operations through a potential bankruptcy process, which could be initiated as early as next week. The airline, like many others in Latin America, has faced significant financial turbulence over recent…
Hawaiian Airlines has confirmed further delays in the delivery of its remaining Boeing 787s, with the timeline now extending out to 2029. This follows an update from Boeing, as the manufacturer continues to face production and supply chain challenges.
AirAsia Aviation Group, Malaysia’s leading low-cost carrier, has confirmed plans to expand its fleet with 14 new aircraft deliveries in 2025. This strategic move aims to support the surging travel demand across the ASEAN region and beyond, reinforcing AirAsia’s position as a dominant player in the aviation industry.
Cathay Group (Hong Kong) has announced strong financial results for 2024, reporting an attributable profit of $1.2 billion, driven by a 10.5% year-on-year increase in revenue to $13.4 billion. The group also ended the year with an available unrestricted liquidity balance of $2.4 billion, reflecting improved financial stability and operational resilience.
Nordica (Estonia) has announced an extension to the finalization deadline of a previously signed aircraft sales agreement, pushing the end date to late June 2025. This extension underscores the complexities of aircraft transactions, where thorough technical evaluations and administrative hurdles can often lead to delays.
Air Senegal, the national carrier of Senegal, has initiated discussions with Boeing as part of a strategic push by the government to revitalize the airline’s operations. The talks focused on fleet expansion, maintenance support, and technical training programs, aiming to restore the airline’s competitiveness and operational resilience.
