Air Astana Group reported an after-tax profit of $78.4 million in 2022, reporting a strong recovery in an attempt to position itself as a new hub for East-West route. The airline posted a revenue of $...
Sri Lanka’s aviation minister, Nimal Siripala De Silva has hinted at the restructuring and sale of SriLankan Airlines, according to sources. Multinational finance advisory Lazard is helping to prepare...
Philippine Airlines closed the year-2022 with a total comprehensive income of $196.9 and operating incomes of $297.2 million. The airline reported first positive full-year figure since 2019 attributin...
Thai AirAsia X is planning to have a rehabilitation plan in place by next month and will start refunding and compensating passengers later this year, reports Bangkok post. Tassapon Bijleveld, CEO, Asi...
On Friday 24 March, HK Express, a member of the Cathay Pacific Group, took delivery of its very first A321neo. The aircraft is the first of 16 Airbus A321neos that will be delivered over the next two ...
The Irish government is to spend almost €17 million on the country's regional airports, with the bulk of the cash going to Cork, Knock and Shannon. The allocations were announced by Jack Chambers, a j...
China Southern Airlines reported thrice the amount of loss, widening by 170% to CNY32.7 billion, and revenue dropped by 14.3% to CNY87.1 billion as per the financial report released on the Hong Kong s...
Crédit Agricole CIB has closed a new $100 million three-year senior secured revolving credit facility (RCF) with Allegiant Travel Company, acting as sole arranger and bookrunner. The facility, which h...
Air India has secured fresh funds worth INR 140bn from State Bank of India and Bank of Baroda through a mix of fresh loans and refinance of existing debt. According to sources, the fundraising is comp...
After what it said was "careful consideration", Airbus on March 29 announced it would not buy a planned near-30% stake in Evidian, part of the French consultancy company Atos. The Toulouse-based Airbu...
AllFly, which describes itself as "innovative travel technology startup based in Orlando, Florida", has been allocated $2.4 million in funding in a deal led by Lightbank with participation from Coraz...
ORIX Aviation has announced the "100% acquisition" of 14 aircraft from Merx Aviation. The 14 narrowbodies were previously held in a joint venture (JV) between the two companies. Spread among 10 lessee...
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