Wizz Air Holdings (Hungary) has reported its 4Q 2024 financial results, posting a total revenue of $1.2 billion, marking a 10.5% year-over-year increase. However, the airline’s net loss surged by 128.7% to $251.2 million, highlighting persistent financial challenges despite revenue growth.
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Oman Air has expanded its fleet with the addition of a new Boeing 737-8, serial number 63369, powered by LEAP-1B27 engines. This aircraft, configured with 12 Business Class and 150 Economy Class seats, is designed to offer exceptional performance, flexibility, and efficiency.
Akasa Air, the Indian low-cost carrier, has taken delivery of a Boeing 737-8200, registered as VT-YBE, powered by LEAP-1B engines. This aircraft marks a significant addition to the airline’s expanding fleet as it scales up operations across India and key regional markets.
TAP Air Portugal announced plans to issue €350 million in five-year bonds, targeting institutional investors as part of a strategy to strengthen its financial position and extend debt maturity. The initiative aims to refinance TAP’s existing liabilities and consolidate its cash flow amidst ongoing financial challenges. The airline expects the proceeds to enhance its financial…
SpiceJet, a leading Indian low-cost carrier, has augmented its fleet by wet-leasing a Boeing 737-800 aircraft from Corendon Airlines Malta. This strategic move aims to bolster SpiceJet’s operational capacity and meet the increasing demand for air travel.
AviLease, a U.S.-based aircraft leasing company, has reached a major milestone by receiving investment grade credit ratings from two of the world’s top agencies. Moody’s Investors Service assigned a Baa2 rating, while Fitch Ratingsawarded a BBB rating, both with stable outlooks. These ratings affirm the company’s strong financial position and prudent risk management strategy.
China Southern Airlines (China) has taken delivery of one Airbus A321neo, further enhancing its modern fleet. The aircraft, bearing the serial number 12281, is powered by LEAP-1A32 engines, renowned for their fuel efficiency and performance.
