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Latest News Headlines

AerCap delivered (23-Dec-2025) one A321neo to Thai Airways. This marks the airline's first A321neo and the first of 10 A321neos AerCap is scheduled to deliver to Thai Airways under a lease agreement. The remaining nine A321neos will be delivered by the end of 2028. [more - original PR]

Background ✨

Thai Airways planned to introduce A321neo aircraft from 4Q2025, with a total of 17 expected by the end of 2026 and deployment on routes including Delhi, Phuket, Hong Kong and Vientiane from Jan-2026. It also secured lease agreements for additional A321neos from lessors such as SMBC Aviation Capital, BOC Aviation and China Aircraft Leasing Group, with deliveries continuing through 20281 2 3 4 5.

OAG reported (22-Dec-2025) the top domestic routes by seat numbers for 2025, as follows:

  1. Jeju-Seoul Gimpo: Capacity increased 1% year-on-year but remains 17% behind the 2019 level;
  2. Sapporo Chitose-Tokyo Haneda;
  3. Fukuoka-Tokyo Haneda;
  4. Hanoi-Ho Chi Minh City;
  5. Jeddah-Riyadh: Recorded the largest growth among the top 10 at 13%;
  6. Melbourne-Sydney;
  7. Tokyo Haneda-Okinawa;
  8. Mumbai-Delhi;
  9. Beijing Capital-Shanghai Hongqiao;
  10. Shanghai Hongqiao-Shenzhen: Capacity increased 5%, and ranking increased from 11th in 2024.

OAG chief analyst John Grant commented: "For Asia Pacific to be home to nine out of the ten largest routes in the world, all of which are domestic, is a remarkable indication of how these routes have recovered in recent times and their significance to the airlines operating those sectors". [more - original PR]

Cathay Pacific Group appointed (23-Dec-2025) Guy Bradley as chair, effective 13-May-2026. Mr Bradley will replace Patrick Healy in the role. [more - original PR]

European Commission (EC) approved (23-Dec-2025) France's restructuring aid of EUR167.8 million to Corsair. The aid consists of an EUR80 million write off on loans that were approved by EC in Dec-2020 and EUR87.8 million of additional financing. France informed EC in Sep-2023 of its intention to amend the restructuring plan initially approved by EC. EC opened an in depth investigation on 05-Feb-2024 to assess whether the amendment to Corsair's restructuring plan proposed by France is in line with EU state aid rules. EC considers that the revised restructuring plan, together with further own contributions, updated viability assumptions and adequate compensatory measures, effectively addresses the concerns identified during the investigation, and ensures Corsair's return to long term viability by the end of the restructuring period. [more - original PR]

Azul launched (22-Dec-2025) a primary public offering of common shares and preferred shares, which will consist exclusively of newly issued shares. The offering is intended to implement the mandatory capitalisation of certain indebtedness through the issuance of equity, and is an integral part of the company's Chapter 11 restructuring plan. [more - original PR]

Background ✨

Azul's Chapter 11 restructuring process included entering into restructuring support agreements with key financial stakeholders and securing approximately USD1.6 billion in debtor-in-possession financing, with a plan to eliminate over USD2 billion in debt. The US Bankruptcy Court approved Azul's disclosure statement and a Backstop Commitment Agreement for USD650 million to support its planned capitalisation and equity raise as part of the reorganisation plan1 2 3 4 5.

Malaysia Aviation Group (MAG) confirmed (22-Dec-2025) the transition of MASwings operations to AirBorneo will take effect from 01-Jan-2026. MAG completed an ownership transfer process under a sale and purchase agreement signed with the Sarawak Government on 12-Feb-2025. AirBorneo will assume full legal and operational responsibility for all services previously operated by MASwings, including flight operations, customer service and the management of all passenger related matters. During the initial phase of the transition, existing MASwings branding may continue to be visible as AirBorneo progressively establishes and rolls out a new corporate identity. As previously reported by CAPA, Sarawak's Transport Minister Lee Kim Shin stated AirBorneo will operate existing rural air services in Sarawak, Sabah and Labuan. The carrier plans to expand to regional jet operations towards the end of 2026, depending on aircraft availability, airport slots allocation and regulatory approval. [more - original PR]

Most Read News Headlines

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Air T Inc announced (19-Dec-2025) the closing of its acquisition of Rex Airlines, with the company now controlling 100% of the carrier. Details include:

  • Air T is providing an AUD50 million (USD33.04 million) credit facility, funded by one of the company's investor partners. Air T anticipates Rex will use the facility to bring its fleet fully back into service, from approximately 31 to 45 aircraft within the next two years;
  • The Commonwealth of Australia will continue to be a secured creditor of Rex;
  • Rex will have access to an additional undrawn AUD60 million (USD39.7 million) loan from the Commonwealth of Australia to support the overhaul of its current fleet of Saab 340s and general operations. [more - original PR]

OAG reported (22-Dec-2025) the top domestic routes by seat numbers for 2025, as follows:

  1. Jeju-Seoul Gimpo: Capacity increased 1% year-on-year but remains 17% behind the 2019 level;
  2. Sapporo Chitose-Tokyo Haneda;
  3. Fukuoka-Tokyo Haneda;
  4. Hanoi-Ho Chi Minh City;
  5. Jeddah-Riyadh: Recorded the largest growth among the top 10 at 13%;
  6. Melbourne-Sydney;
  7. Tokyo Haneda-Okinawa;
  8. Mumbai-Delhi;
  9. Beijing Capital-Shanghai Hongqiao;
  10. Shanghai Hongqiao-Shenzhen: Capacity increased 5%, and ranking increased from 11th in 2024.

OAG chief analyst John Grant commented: "For Asia Pacific to be home to nine out of the ten largest routes in the world, all of which are domestic, is a remarkable indication of how these routes have recovered in recent times and their significance to the airlines operating those sectors". [more - original PR]

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