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aerotelegraph.com • Stefan Eiselin

airBaltic applies for emergency state loan as jet fuel prices double; Latvia to provide $35m short-term facility

Air Baltic has sought an emergency state loan and Latvia will extend a short-term $35m facility after jet fuel prices roughly doubled amid the Middle East conflict. The carrier also faces pressure from a €380m bond overhang as soaring kerosene costs and disruptions hit cashflow.

2026-04-01T03:55:23.273636-07:00

ch-aviation

Georgian Airways exits widebody operations

2026-04-01T23:58:23.695218-07:00

ch-aviation

Garuda Indonesia resumes trading as shares turn positive

2026-04-01T18:20:58.152054-07:00

ch-aviation

Icelandair signs LOI for 49% stake in Malta's PLAY Europe to secure EU AOC

2026-04-01T07:59:35.828457-07:00

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ch-aviation

Georgian Airways exits widebody operations Georgian Airways has announced it is exiting widebody operations, removing long‑haul aircraft from its fleet and focusing on narrowbody regional services. The decision represents a material change to the carrier’s capacity profile and alters demand for widebody support in its markets.

2026-04-01T23:58:23.695218-07:00

Georgian Airways exits widebody operations

ch-aviation

Garuda Indonesia resumes trading as shares turn positive Garuda Indonesia resumed trading today, with its shares moving into positive territory after a suspension. The rebound marks a short-term improvement in investor sentiment for the carrier and highlights shifting market dynamics for Southeast Asian airlines amid ongoing volatility and analyst scrutiny.

2026-04-01T18:20:58.152054-07:00

Garuda Indonesia resumes trading as shares turn positive

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Icelandair signs LOI for 49% stake in Malta's PLAY Europe to secure EU AOC Icelandair has signed a letter of intent to acquire a 49% stake in PLAY Europe, a Malta-based carrier holding a Maltese AOC. The minority purchase aims to secure an EU operator certificate, broaden Icelandair’s operational flexibility across Europe and enable new charter and commercial opportunities.

2026-04-01T07:59:35.828457-07:00

Icelandair signs LOI for 49% stake in Malta's PLAY Europe to secure EU AOC

FlightGlobal

China Southern the only 'big three' Chinese carrier to report a net profit in 2025 as peers stay loss-making China's three largest carriers largely failed to regain net profitability in 2025: only China Southern Airlines reported a net profit, while China Eastern and Air China remained loss-making. The trio have struggled to post net profits since the Covid pandemic, highlighting an uneven recovery across major groups.

2026-04-01T04:45:37.507770-07:00

China Southern the only 'big three' Chinese carrier to report a net profit in 2025 as peers stay loss-making

aerotelegraph.com

airBaltic applies for emergency state loan as jet fuel prices double; Latvia to provide $35m short-term facility Air Baltic has sought an emergency state loan and Latvia will extend a short-term $35m facility after jet fuel prices roughly doubled amid the Middle East conflict. The carrier also faces pressure from a €380m bond overhang as soaring kerosene costs and disruptions hit cashflow.

2026-04-01T03:55:23.273636-07:00

airBaltic applies for emergency state loan as jet fuel prices double; Latvia to provide $35m short-term facility

ch-aviation

Lithuania's Avion Express to return 15 aircraft Ch-aviation reports Lithuania-based ACMI and charter operator Avion Express will return 15 aircraft. The decision immediately reduces deployable wet-lease capacity across Europe from a prominent ACMI supplier and removes aircraft availability in the short-term market for carriers seeking wet-lease support.

2026-03-31T21:01:16.694815-07:00

Lithuania's Avion Express to return 15 aircraft

ch-aviation

Yakutia Airlines' airport debt persists despite settlement efforts Yakutia Airlines continues to carry outstanding airport debts despite attempts to negotiate settlements with airport partners. The unresolved obligations remain in place and have not been eliminated through recent settlement efforts, prolonging financial uncertainty around the carrier's relationships with airport operators.

2026-03-31T18:55:21.758144-07:00

Yakutia Airlines' airport debt persists despite settlement efforts

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Korean Air to complete Asiana takeover in 2Q26 after move to buy remaining 36.1% Korean Air plans to propose a shareholder resolution to buy the remaining 36.1% stake in Asiana Airlines and expects to complete the takeover in 2Q26. The move will give Korean Air full ownership of Asiana, enabling integration decisions across operations and fleet.

2026-03-31T16:10:41.080963-07:00

Korean Air to complete Asiana takeover in 2Q26 after move to buy remaining 36.1%

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Aircraft Demand: Airline Distress & Consolidation News

airBaltic applies for emergency state loan as jet fuel prices double; Latvia to provide $35m short-term facility

Georgian Airways exits widebody operations

Garuda Indonesia resumes trading as shares turn positive

Icelandair signs LOI for 49% stake in Malta's PLAY Europe to secure EU AOC

News Timeline