South Korean low-cost carrier Jeju Air has agreed to sell three Boeing 737-800s to Nigerian carrier Air Peace in a deal valued at $96.5 million. The carrier confirmed the sale in a Korean stock exchange disclosure which shows that it was approved by its board on 13 May and is expected to be completed by the end of August. Previous disclosures confirmed media reports that it planned to sell three seven-year-old 737s as it progressively replaces them with Max 8s. While the airline did not confirm which aircraft it is selling, Cirium fleets data shows that it owns three 737-800s unencumbered – MSNs 64177, 64178 and 64179 – and one under finance lease (MSN 39009). Air Peace, meanwhile, has three 737-800s under wet lease from AirExplore and one stored unit which is owns unencumbered out of a total fleet of 28 aircraft in service and stored.

Long-serving Virgin Atlantic chair Peter Norris will stand down at the end of May. He will be replaced by Josh Bayliss, chief executive of Virgin Group, which owns a 51% stake in the UK carrier. Virgin Atlantic notes that Norris, who has been in post since 2012, was involved in forging strategic partnerships, including the establishment of a joint venture with 49% shareholder Delta Air Lines and Air France-KLM, and its entry into the SkyTeam alliance. He also led the board through the "unprecedented impact" of the pandemic, overseeing restructuring and recapitalisation, notes the carrier. Incoming chair Bayliss has led Virgin Group since 2011. Norris's departure follows significant change in the management team at Virgin Atlantic, including the exit of Shai Weiss, who was succeeded as chief executive by former chief customer and operating officer Corneel Koster in January 2026. Former group treasurer Ansar Hussain has become the airline's interim finance chief; Suzanne Roddie its operating chief, having previously served as vice-president of airports, network operations and clubhouses; and Dave Greer its commercial chief.

Jazeera Airways has reported a loss for the first quarter after Kuwaiti airspace was temporarily closed amid the Middle East conflict and its operations were transferred to Saudi Arabia. The airline slipped to a KD1.06 million ($3.4 million) first-quarter loss, after a KD4.95 million profit in the same period last year. Revenue declined 16% to KD45 million. Jazeera says it has sought waivers from aircraft and engine lessors and has deferred dividend payments for 2025 in an effort to preserve liquidity. Kuwait's Directorate General of Civil Aviation closed national airspace on 28 February and reopened it on 24 April for flights by Kuwait Airways and Jazeera. No other airlines are currently permitted to operate at Kuwait International airport, the regulator's website indicates. As a result of the airspace closure, Jazeera began flying from Saudi Arabia's Qaisumah airport, located close to Kuwait's border, on 11 March and from Dammam on 26 March, it says. Cirium data shows that Jazeera in April operated 43% of its flights to and from Dammam, while Kuwait and Qaisumah accounted for 6.7% and 2.5%, respectively. The proportions have since reversed, with Jazeera so far in May having operated 40% of its flights to and from Kuwait and 6.6% from Dammam. The airline has not scheduled flights from Qaisumah this month or from Dammam in June. Jazeera's fleet comprises 12 Airbus A320ceos and 11 A320neos. It has another 18 A320neos and eight A321neos on order.