Assets of Serbia’s Aviogenex, including B737-200, sold
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Auditors raise going-concern doubts about Air Seoul
Air Seoul (RS, Seoul Incheon) had accumulated debts of KRW179 billion won (USD121 million) as of December 31, 2024, and auditors have raised doubts about its status as a going concern, according to a March 31, 2025, regulatory filing. Despite recording record sales of KRW326.9 billion (KRW222 million) in calendar 2024, the auditors describe the [...]
VietJetAir to ink aircraft financing with investment firm
VietJetAir (VJ, Hanoi Noi Bai International) is poised to sign a USD200 million aircraft finance deal with US-based investment firm KKR - Kohlberg Kravis Roberts, according to Reuters. The agreement is expected to be signed this week in Washington D.C., at an event attended by Boeing executives. VietJetAir has a longstanding order for 150 Boeing [...]
China's YTO Cargo Airlines to set up subsidiary in Macau
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Tongan gov't wants to make Lulutai Airlines fit for sale
Tonga's Minister of Public Enterprises Piveni Piukala says the government wants to position Lulutai Airlines (L8, Tongatapu) for sale, but doing so will require it to repay loans. Piukala told the Kaniva Tonga digital newspaper that if state-owned Lulutai Airlines continued on its current course, outstanding loans, specifically TOP6 million pa'anga (USD2.5 million) lent to [...]
Canada’s Nolinor acquires North Cariboo Air Edmonton complex
Nolinor Aviation (N5, Montréal Trudeau) has acquired a former North Cariboo Air (NCB, Fort St. John) complex at Edmonton International for an undisclosed sum. The 41,600-square-foot (3,900-square-metre) facility includes a fully equipped passenger terminal, offices, and a 30,000-square-foot (2,800-square-metre) hangar. Marco Prud’Homme, president of Nolinor Aviation, said the purchase reinforces the company’s commitment to Edmonton [...]
Denmark’s Sunclass to complete A330neo rollover in 1Q26
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Latvian gov't sacks airBaltic CEO over financials
The state-controlled supervisory board of airBaltic (BT, Riga) has dismissed the longstanding chief executive of the airline, Martin Gauss, citing the company's poor financial performance. The decision was taken at a regular shareholders’ meeting on April 7, 2025. "We maintain full confidence in the management board and the professional team, which ensures the company’s day-to-day [...]
Saudi Arabia's Riyadh Air obtains AOC
Riyadh Air (RXI, Riyadh) was granted an air operator's certificate (AOC) by the General Authority of Civil Aviation (GACA) of Saudi Arabia. The certification process lasted for 11 months and involved over 200 hours of test flights, as well as an audit of airline’s equipment, personnel, and operational procedures. “The issuance of the AOC confirms [...]
US’s Avelo Airlines to carry out deportation flights
Avelo Airlines (XP, Burbank) has signed an agreement with the US Department of Homeland Security’s (DHS) Immigration Control and Enforcement agency to carry out deportation flights from Mesa Gateway Airport, starting on May 12, 2025. The carrier will use three B737-800s for this charter program, basing them in Mesa. In parallel, it plans to open [...]