Korean Air expects uncertainties in the business environment during 2025, citing changes in global politics, it said in its earnings report.During the year, Korean Air reported record full year revenu...
India’s Akasa Air will inject fresh capital through new agreements with the investment offices of Wipro founder Azim Premji, Manipal Hospitals chairman Ranjan Pai, and funds managed by wealth manageme...
Vietjet signed an agreement with OpenAirlines to adopt the latter's AI-driven technology SkyBreathe to analyse flight data and optimise fuel usage.The system collects and integrates information from m...
IndiGo has signed a firm agreement with Norse Atlantic to wet lease one 787 Dreamliner on February 6, 2025. The aircraft is expected to start operations in March 2025, serving long haul routes from In...
Vietjet has reported strong results with fourth quarter 2024 passenger revenues totalling VND19.8 trillion ($784 million), increasing 36% from the fourth quarter 2023, an after-tax profit of VND167bn ...
All Nippon Airways (ANA) has confirmed it is projecting “some delivery delays” into the fiscal year 2026, with the Japanese airline assuming 11 aircraft deliveries for fiscal year 2025. ANA further no...
South Korean carrier Air Busan is banning passengers from storing power banks in luggage stored in overhead compartments, in a pre-emptive measure after one of the airline’s planes set on fire on Janu...
MUFG's Global Aviation Finance Office (GAFO) completed $6bn worth of financing during 2024 out of the total $66bn in the sector, representing just over 9%.MUFG helped to arrange a total of 79 transact...
Singapore Airline (SIA) Group has signed a memorandum of understanding (MoU) with climate technology firm Aether Fuels, for the potential implementation of neat sustainable aviation fuel (SAF).The agr...
All Nippon Airways (ANA) has launched a proof of concept with Lufthansa Systems financial management solution for order-based accounting, SIRAX/ONE Order.The solution from the German company aims to s...
BOC Aviation ended 2024 with a total portfolio of 435 owned aircraft, raising total funding for the year of over $5bn.Steven Townend, chief executive officer and managing director of BOC, commented: “...
Preliminary traffic data has shown that 365 million international passengers were carried by Asia-Pacific airlines during 2024, according to data from the Association of Asia Pacific Airlines (AAPA).T...
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