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Turkey’s Baykar Technology eyes own cargo carrier

Turkey’s Baykar Technology is considering establishing its own cargo carrier, according to Commercial Aviation News. The move would extend the company’s aviation footprint beyond its established defense and unmanned-aircraft activities, although the report provides no details on timing, fleet, routes or operating structure.

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Middle East disruption erodes airline profits as Philippine Airlines loses $25.1M and Pegasus secures Smartwings approval

Philippine Airlines swung from a $136.7 million first-half 2025 profit to a $25.1 million loss in 2026 as fuel costs rose amid the Middle East conflict. Pegasus also reported a loss amid weaker international traffic, while winning Turkish approval to acquire Smartwings.

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Japan’s Skymark Airlines refinances $160 million in loans

Japan’s Skymark Airlines has refinanced loans totaling $160 million, marking a significant balance-sheet financing transaction for the carrier. The deal highlights the importance of continued access to financing for airline operators managing fleet, liquidity and broader business requirements.

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China Eastern Airlines says it spent $148 million on share buyback

China Eastern Airlines says it has spent $148 million repurchasing its own shares, providing a limited but material signal of capital-allocation priorities at one of China’s major airlines. The available report does not disclose the number of shares bought or the program’s timing.

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