Air Transport

BEES AIRLINES, Romania plans August startup from Bucharest to eight destinations with two A320-200s (1922/TBA).

QATAR AIRWAYS is expected to acquire 25% stake in AIRLINK, South Africa, according to unconfirmed reports.

AEROFLOT had RUB42.2b net income in 2Q24 (vs RUB48b loss in 2Q23) on 47% higher revenues.

REX, Australia entered voluntary administration with Ernst & Young Australia. All regional flights (Saab 340) are still flying as scheduled, but all domestic flights (737s) between major cities have been cancelled with aircraft grounded.

SMARTLYNX AIRLINES sold two A321-200s (1734/2216) to Magnetic Leasing, Estonia, and leased them back.

ARIK AIR was grounded by the Nigerian CAA over legal issue related to $2.5m in debt with Atlas Petroleum International.

CATHAY GROUP announced it has now repaid Hong Kong SAR Government's HK$19.5b investment for recapitalization.

LOT POLISH AIRLINES leased ex-Breeze E195 (692) from Azorra.

WIZZ AIR plans in 4Q24 to begin Budapest-Marrakesh/-Genoa/-Girona/-Memmingen (A320).

JETBLUE AIRWAYS says it is deferring 44 A321neos to 2030 and beyond, citing availability challenges with GTFs that extend past inspections.

ORIX AVIATION earned $134.9m on $323m revenues (130 aircraft transactions) in FY24 vs $92.5m on $259m in FY23.

Marie-Louise Kelly to Senior Executive Officer-Legal and Technical of ORIX Aviation, Dublin.

Yushi Tanaka to Chief Investment Officer and Senior Executive Officer-Acquisitions, Trading, Leasing and Risk Management of ORIX Aviation, Dublin.

IATA reports year-over-year global pax traffic was up 9.1% in June on 8.5% higher capacity; cargo rose 14.1%.

LUFTHANSA GROUP had €469m net income on €10b revenues in 2Q24 vs €881m on €9.4b in 2Q23; however, it launched comprehensive turnaround program after posting €427m loss in 1H24 due to negative market development in Asia-Pacific, inefficiencies in Lufthansa and CityLine flight operations, significant delays in aircraft deliveries affecting fleet management and increasing maintenance costs for older aircraft still in service, and new collective labor agreements.

Moscow has finally given the green light to aircraft wet leasing.

The trend toward airline privatization has been gathering momentum in the South Asia region since the pandemic.

Lufthansa Airlines' long-haul fleet will be streamlined by decommissioning its Airbus A340-300, A340-600, A330-200 and Boeing 747-400 sub-fleets by 2028.

Boeing has named Kelly Ortberg to be its new CEO from Aug. 8, taking on the massive challenge of reviving the aerospace giant.

External and cost pressures are starting to stem Singapore Airline’s (SIA) profit run, and its days of record earnings may be over.

Our Route Opportunities feature explores the latest unserved and underserved routes promoted through Routes 360, providing information for network planners to consider capitalize on.

Safran’s activities in aircraft interiors have reached their operating breakeven point after a long period of poor financial performance.

Hawaiian Airlines is intensifying its focus on U.S. domestic routes to offset lower demand from Japan.

Leonardo is cutting work at its site making 787 fuselages for Boeing to a single shift as a short-term measure to address the slow pace of aircraft deliveries.

Romanian startup Bees Airlines will begin scheduled flights in August.