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Avolon’s Net Income Hits $339m for 2023, Record $1.75b Operating Cash Flow

  • 4 min read

Avolon, a leading global aviation finance company, has published its financial results for the full year 2023. The company recorded a net income of US$339 million, representing a strong year-over-year growth considering the global economic conditions. Avolon also reported a record operating cash flow of $1.75 billion. Leading metrics and… 

Air India Picks RECARO Economy and Premium Economy Seats

  • 4 min read

Air India Chooses RECARO for 22,000 Aircraft Seats in Upgrade Drive Air India, India’s flagship airline, has struck a deal with RECARO Aircraft Seating for their widebody fleet’s premium economy and economy sections. Over 22,000 RECARO seats will enter Air India’s aircraft through line-fit and retrofit programs over the next… 

Norwegian and Widerøe Report 1.4m Passengers in January

  • 3 min read

For the first time since the approval of the acquisition, Norwegian and Widerøe are combining their traffic reports. In January, Norwegian welcomed 1,138,621 travelers, alongside 246,326 who chose Widerøe to get to their destinations. The combined efforts of both airlines resulted in the Norwegian Group flying a grand total of… 

SAS Updates On Creditor Recovery in Chapter 11 Process

  • 7 min read

SAS Enhances Chapter 11 Recovery Prospects – Secures Backing from Creditors’ Committee SAS is set to present an updated proposal for its Chapter 11 reorganization to the New York Southern District U.S. Bankruptcy Court. This plan will outline potential recoveries for unsecured creditors, including SAS AB’s commercial hybrid bondholders. The… 

Icelandair Places First-Ever Airbus order of 13 A321XLRs

Icelandair Posts $11m Profits in 2023, Remarkable Turnaround

  • 4 min read

Despite Seismic Activity Impact, Icelandair Triumphs with Strong Financial Results in 2023 Icelandair has successfully navigated through turbulent skies to report a profit of USD 11 million for 2023. This marks a dramatic recovery from a USD 6 million loss in the previous year, showcasing the airline’s resiliency and adaptability.… 

Global Air Cargo Market Rebounds in 2023 Despite Economic Challenges

  • 7 min read

The International Air Transport Association (IATA) has reported a noticeable rebound in the air cargo sector for 2023. The industry has demonstrated resilience despite economic uncertainties, particularly during the fourth quarter. Here’s a snapshot of the 2023 air freight market trends: These trends underline the dynamic nature of the global… 

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