Australian startup Koala Airlines facing winding-up legal action from creditors
Australian proposed startup carrier Koala Airlines is facing its biggest hurdle to date, as on Wednesday, January 22,…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Indian government backed tribunal orders Go First liquidation: reports
The government-established National Company Law Tribunal (NCLT) in India has ordered the liquidation of the formerly operating low-cost…
Avolon acquires 118 aircraft in $5 Billion takeover of Castlelake Aviation
Dublin-based lessor Avolon has completed a $5 billion takeover of Castlelake Aviation Limited, increasing its portfolio to 1,129…
FlySafair faces sanctions after breaching foreign ownership rules
South African low-cost airline FlySafair could be stripped of some of its most lucrative routes after regulators found…
Azul and GOL agree to enter merger talks to create Brazil’s largest airline
Brazilian airline Azul Linhas Aéreas Brasileiras (Azul) has announced that it has signed a non-binding agreement with Abra Group-owned…
Avolon: airline industry to reach US$1 trillion revenue milestone in 2025
Dublin-based aircraft leasing company Avolon has published a new market outlook report, predicting that the global airline industry…
German eVTOL aircraft developer Volocopter files for insolvency
The German electric vehicle takeoff and landing (eVTOL) aircraft developer Volocopter has filed for insolvency while seeking new…
Departures and arrivals: the world’s airline casualties and startups of 2024
As is the case with any year, 2024 was kinder to some companies within the global airline industry…
A Christmas miracle: Flying taxi manufacturer Lilium saved at final hour
A last-minute rescue may have saved innovative startup Lilium, as the company has announced a rescue deal with…
eVTOL developer Lilium lays off almost all staff, German media reports
Lilium may have laid off around 1,000 employees, almost all of its staff, on December 20, 2024, according…
Cathay Pacific continues on path to recovery with strong November 2024 results
Hong Kong-based carrier Cathay Pacific has released its latest traffic figures for November 2024. The results, released on…
Avia Solutions Group grows to 222 aircraft, eyes 700 aircraft by 2030
Avia Solutions Group (ASG) experienced remarkable growth in 2024, further solidifying its position as a global leader in…
IATA expects five billion passengers and $1 trillion in airline revenue in 2025
The International Air Transport Association (IATA) has announced its financial outlook for the global airline industry in 2025…
Brazilian low-cost airline GOL due to file Chapter 11 restructuring proposal
The owners of Brazilian low-cost airline GOL Linhas Aéreas Inteligentes SA (GOL) have announced that the carrier intends…
Korean Air set to complete merger with Asiana, consolidate low-cost divisions
Korean Air is expecting to complete its long-awaited purchase of local South Korean rival Asiana Airlines “within days”…
BOC Aviation signs lease agreement with TUI for 14 Boeing 737 MAX 8 aircraft
BOC Aviation has announced it has signed a lease agreement with European travel group TUI for the supply…
Air New Zealand forced to reduce domestic schedules due to weakening demand
Air New Zealand is having to make further cuts to its domestic network over the coming months over…
Aircraft lessor TrueNoord increases fleet to over 100 aircraft with new ATR deal
Dutch-based aircraft lessor TrueNoord has announced the purchase of seven ATR 72-600s from German asset management firm, GOAL…