KLM announced series of measures to increase productivity, simplify the organization, cut costs, and defer or postpone investments, to structurally improve its operational and financial performance (by €450m in the short term).
AERCAP reports in 3Q24 it signed 160 lease agreements (vs 134 in 3Q23), purchased 41 assets (vs 33) and sold 25 (vs 52). It also repurchased 5.5m shares for $497m and signed financing transactions for approximately $10.5b (vs $3.9b).
WIZZ AIR opened new €38m, 2,500+ sq meter pilot training center at Italy's Rome Fiumicino Airport with two CAE-built A320 Family full-flight simulators (third to be installed in 2025) to support >4,800 pilots annually.
KLM is pushing ahead with its fleet renewal plans a few days after announcing a cost-cutting and investment-postponing plan aimed at boosting its profitability.
Newcastle International Airport (NCL) has been crowned the Overall Winner at the Routes World Awards 2024, while also retaining the Under 5 Million passenger award for the second consecutive year.
Under the theme “New Era of Dynamic and Sustainable Partnership”, Qatar Airways Group has outlined its continued efforts as it moves forward with its 2.0 vision for the future.
Airlink has confirmed that a section of the Skukuza Airport, a commercial airport in Kruger National Park, terminal roof was damaged in a bush fire yesterday.
Cebu Pacific Air has agreed to buy smaller Philippine carrier Airswift for $31 million, which will see the ULCC absorb another five ATRs into its fleet.
While lessors have done well with lease rates surging, disrupted supply chains and other issues make normal business, let alone growth, complicated to manage.
Swedavia is continuing to see growth in international traffic, with the removal of the country’s aviation tax from next July set to further boost its appeal.
