United's $100 million investment in Azul approved by regulator
February 16, 2026
Brazilian competition authority CADE has approved United Airlines' $100 million purchase of American depositary shares in Azul. The US major's $100 million investment has been "inserted in the context" of Azul's Chapter 11 plan, notes the Brazilian carrier. When it filed for Chapter 11 bankruptcy protection in May 2025, Azul expected that at the end of the process its debtor-in-possession financing obligations would be repaid with proceeds from a share subscription offering of up to $650 million, with a firm guarantee from certain investors, plus possible additional investment of up to $300 million from United and American Airlines. Azul's reorganisation plan gained bankruptcy-court approval in December. The airline intends to conclude its restructuring this month. It is set to report financial results for 2025's fourth quarter on 26 February.
Air Canada's operating profit falls in 2025
February 16, 2026
Air Canada reported a full‑year 2025 operating profit of C$918 million ($673 million), down 27% year on year. Total operating revenue increased 0.5% to C$22.37 billion. Operating margin narrowed to 4.1%, compared with 5.7% a year earlier, as expense growth outpaced revenue. Passenger revenue declined 0.8% to C$19.60 billion, while cargo revenue rose 4.2% to C$1.03 billion. Other revenue, including loyalty and ancillary income, increased 15.4% to C$1.74 billion, partially offsetting pressure on passenger yields. Full‑year operating expenses increased 2.2% to C$21.45 billion. Wages, salaries and benefits rose 2.6% to C$5.01 billion, while depreciation, amortisation and impairment climbed 11.8% to C$2.01 billion. Aircraft fuel expense fell 7.6% to C$4.73 billion. Net income for the full‑year 2025 fell 63% to C$644 million, compared with C$1.72 billion in 2024. In the fourth quarter of 2025, Air Canada generated record operating revenue of C$5.8 billion, up year on year, which the airline said helped support full‑year profitability despite cost pressures and operational disruption earlier in the year. Air Canada reported operating income of C$324 million in the fourth quarter, an improvement from an operating loss of C$254 million a year earlier. Net income in the fourth quarter rose to C$296 million, improving from a net loss of C$184 million in the prior‑year period. The airline ended the year with C$5.53 billion in cash, cash equivalents and short‑term investments.
Airbus to scrap A330-800 prototype
February 13, 2026
Airbus plans to disassemble its A330-800 flight-test aircraft, seven years after first flight. The move to dismantle the twinjet (MSN 1888, registered F-WTTO) is confirmed in LinkedIn and X posts by Airbus technology strategy manager for future programmes Julian Maldonado. MSN 1888 was first flown on 6 November 2018, Cirium fleets data shows. It was the first of three A330neo flight-test aircraft. The other two are A330-900s (MSNs 1795 and 1813). All three were retained by Airbus as flight-test aircraft. MSN 1795 completed its first flight on 19 October 2017 and is still with the European airframer. MSN 1813 took off for the first time on 4 December 2017, and was retired in 2021. Cirium flight-tracking data shows that the final flight of disassembly-bound MSN 1888 was in June 2020. It has since been in storage at Airbus headquarters in Toulouse. Maldonado says the manufacturer will preserve MSN 1888 fuselage panels – which have been signed by staff members – at its assembly line. The A330-800 has not attracted the same level of orders as its larger sibling. Since certification in February 2020, Airbus has delivered eight A330-800s: four to Kuwait Airways, two to Uganda Airlines, one to Air Greenland, and one to serve as a transport for Brunei's government. The VIP aircraft was delivered by Airbus last November and is currently undergoing conversion by Lufthansa Technik in Hamburg, Cirium data indicates. Another four A330-800s are listed as on order for Garuda Indonesia. But the airline in 2024 disclosed that it was in discussions to cancel its A330-800 order A330-900 operator Hawaiian Airlines and now-defunct Taiwanese carrier TransAsia Airways ordered but subsequently cancelled six and four A330-800s, respectively. Airbus has delivered 179 A330-900s to customers and has another 281 in its backlog. The manufacturer is developing an A330-800-based tanker. All A330neos are powered by Rolls-Royce Trent 7000 engines.