Korean Air announced (25-Feb-2026) plans to commence deployment of Boeing 787-10 equipment on Seoul Incheon-Zurich service from 02-Jun-2026. The airline plans to resume three times weekly Seoul Incheon-Zurich service from 31-Mar-2026, operating until 24-Oct-2026. Korean Air's 787-10s are configured with 325 seats, comprising 36 Prestige Class seats and 289 economy class seats. [more - original PR]
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New Zealand Government approves funds for 24/7 ATC services at RNZAF Base Ohakea
New Zealand's Government approved (26-Feb-2026) NZD4.6 million (USD2.75 million) in funding for Airways New Zealand to provide round-the-clock air traffic control (ATC) services at Royal New Zealand Air Force's Base Ohakea, meaning Ohakea will now be available as an alternative runway for widebody aircraft unable to land at Auckland International Airport and Christchurch International Airport due to severe inclement weather or other issues 24/7, rather than only between 05:00 and 22:30. Round-the-clock ATC services at Ohakea are expected to commence within 18 months, following recruitment and training of new ATC personnel. New Zealand's Associate Transport Minister James Meager stated: "This simple solution increases the commercial viability of flying to New Zealand for major airlines", adding: "Aircraft can carry less fuel and fly these routes with full passenger and freight loads". [more - original PR]
Bangkok Airways results impacted by Cambodia tensions, reduced tourist demand in 2025
Bangkok Airways reported (26-Feb-2026) the following highlights:
- 4Q2025:
- Increased frequency on tourist routes such as Bangkok-Samui, Bangkok-Krabi and Bangkok-Trat;
- Returned one Airbus due to the end of the agreement for the aircraft, resulting in the need to optimise seat capacity with demand, focusing on routes that aligned with the airline's network strategy and profitability. Discontinued Bangkok-Lampang service in Oct-2025, following the termination of Lampang-Mae Hong Son service in Jul-2025. As a result, seat capacity decreased 5.1% year-on-year;
- Revenue decreased 0.6% to THB6077 million (USD195.21 million), primarily due to lower passenger revenue, which decreased 3.3%. The decrease in passenger revenue was mainly due to a 3.1% decline in passenger numbers to one million and a 0.5% decrease in the average fare to THB4048.9 (USD130.06). International passengers decreased 32%, primarily due to a reduction in Bangkok-Phnom Penh frequency and adjustments to the Bangkok-Maldives route to match demand;
- Revenue from airport related businesses increased 12.7% to THB1563.7 million (USD50.23 million), mainly driven by improved performance of Bangkok Air Catering, which increased 20.4% in line with a 9.7% increase in the number of meals served;
- Passenger service charges increased 6.6% to THB120.8 million (USD3.88 million), primarily driven by an increase in the number of departing passengers during the high season at Koh Samui Airport;
- 2025:
- Passenger numbers decreased 2.5% to 4.2 million, in line with the decline of tourist travel demand to Thailand. Domestic routes accounted for 88.7% of passengers. International passengers declined due to tensions between Thailand and Cambodia;
- Revenue increased 0.1% to THB26,067.2 million (USD837.37 million), mainly driven by airport related businesses (+11.6%) and airport operations (+10.9%). Passenger revenue decreased 3% to THB543 million (USD17.44 million), primarily due to an 18% decrease in international revenue following a reduction in services to Phnom Penh and capacity adjustments to align with demand. [more - original PR]
AirAsia X Group CEO Bo Lingam stated (26-Feb-2026) the company is "in discussions with OEMs to expand our orderbook by up to 150 additional aircraft, on top of the existing 374 aircraft orderbook, to ensure we have the capacity to lead for the next decade". The carrier aims to maintain its fleet at 253 aircraft in 2026, as four new A321LRs will replace retiring aircraft. [more - original PR]
Background ✨
AirAsia Aviation Group CEO Bo Lingam said it expected 11 new aircraft in 2026 (four A321LRs and seven A321neos), plus 15 to 30 leased aircraft, after receiving five A321neos in 20251. AirAsia also signed a USD12.25 billion Airbus agreement for 50 A321XLRs with rights for 20 more, scheduled for delivery from 2028 to 20322.
Dubai Aerospace Enterprise (DAE) signed (26-Feb-2026) a definitive agreement to acquire 100% of Macquarie AirFinance for an approximate enterprise value of USD7 billion. The transaction is expected to close in 2H2026 and will be funded through a combination of debt and equity. The combined company will have a pro forma fleet of 1029 owned, managed and committed aircraft and will serve 191 airline customers in 79 countries. Narrowbody aircraft will make up approximately 70% of the combined fleet. DAE expects to add 37 new airline customers to its portfolio on completion. [more - original PR]
Background ✨
DAE's fleet scale was reshaped by its USD2 billion acquisition of Nordic Aviation Capital, completed in May-2025, lifting the owned, managed and committed fleet to about 750 aircraft and expanding its lessee base to 161 airlines in 74 countries, according to CEO Firoz Tarapore.1 2 In 2025, it acquired 280 aircraft, sold 111-112 and raised USD3.9 billion in debt financing, including a USD650 million sukuk.3 4
Italia Trasporto Aereo (ITA Airways) announced (25-Feb-2026) the cancellation of approximately 50% of its flights scheduled for 26-Feb-2026 due to a 24 hour national air transport strike in Italy. Affected passengers will be able to change their flight free of charge or receive a refund. [more - original PR]
Background ✨
Italia Trasporto Aereo previously cancelled 72 flights on 17-Dec-2025 due to a national air transport strike in Italy, offering free changes or refunds.1 It also cancelled 23 domestic flights on 28-Nov-2025 amid a 24 hour national general strike.2 Earlier disruption included 48 domestic cancellations on 09-Feb-2024 during a 24 hour sector strike, while international flights were maintained.3
Most Read News Headlines
Spirit Airlines to suspend Fort Lauderdale-Grand Cayman service in Apr-2026
Spirit Airlines scheduled to suspend three times weekly Fort Lauderdale-Grand Cayman service on 12-Apr-2026, as per a 20-Feb-2026 GDS inventory and timetable display. The LCC is ending all services from Grand Cayman Island Owen Roberts International Airport. JetBlue Airways also operates the route, according to OAG.
Azul concludes restructuring process and emerges from Chapter 11 in the US
Azul concluded (20-Feb-2026) its financial restructuring process in the US, with consequent emergence from Chapter 11 conducted before the US Bankruptcy Court for the Southern District of New York. Azul stated all conditions under the plan of reorganisation "have been satisfied or waived", and provided the following restructuring results:
- Reduction of loans and financing debt by approximately USD1.1 billion;
- Reduction of aircraft lease debt by nearly 40%;
- Estimated reduction in annual interest payments of more than 50% compared to pre‑Chapter 11 levels;
- Estimated reduction of approximately one third of recurring aircraft leasing;
- Estimated pro forma net leverage after implementation of the plan of reorganisation, upon emergence of less than 2.5x;
- Capital raise of approximately USD1.4 billion through the issuance of senior notes and USD950 million in equity commitments. [more - original PR]
Background ✨
Azul secured equity investments from United Airlines and American Airlines, each committing USD100 million, and received approval from Brazil's Administrative Council for Economic Defense for United's investment, which was scheduled to settle on 20-Feb-2026. Additional capital was raised through a USD1.4 billion exit financing offer and incremental investments from existing creditors, supporting Azul’s emergence from Chapter 11 proceedings in early 20261 2 3 4.