ANA completes takeover of Nippon Cargo Airlines
August 04, 2025
ANA Holdings has completed its takeover of Nippon Cargo Airlines, after acquiring it its shares on 1 August. The group acquired the shares from NCA's parent company Nippon Yusen Kabushiki Kaisha after obtaining relevant approvals, it states in a 4 August press release. ANA says the takeover positions it as "Japan’s largest combination passenger and cargo carrier". "Combining NCA’s large freighter network with ANA Group’s extensive international network of passenger and freighter flights will bolster transport capacity between Japan and Asia, Europe and the US," it adds. ANA operates six Boeing 767 freighters and two 777 freighter, while NCA operates eight 747-8 freighters, details the group. NCA's financial statements are expected to be consolidated with ANA from the second quarter of fiscal year 2025. "The ANA Group’s profitability is expected to increase with NCA’s inclusion, as the strengthened cargo business will improve its resilience against market volatility and changes," states ANA. The completion of the takeover marks a close to almost two years of delays due to difficulty in securing regulatory approvals. ANA had planned to complete the acquisition in October 2023 after plans were first announced in March the same year.
VietJet second quarter profit surges as network expands
August 04, 2025
VietJet has reported a surge in its consolidated net operating profit to D755 billion ($28.8 million) for the quarter ended 30 June, on the back of its network expansion and reduced fuel prices. Its net operating profit was up more than threefold compared with D219 billion during the same period last year. The carrier reported a consolidated revenue of D17.9 trillion for the quarter up 10% year on year, while costs were up 9.2% to D15.5 trillion, as it reported a net profit after tax mor than doubled to D653 billion. During the quarter, VietJet transported more than 7.5 million passengers, up more than 10% states the carrier. The increase came as the carrier expanded its international network during the period, including operating direct flights from Nha Trang to Russian cities Vladivostok, Khabarovsk, and Blagoveshchensk. VietJet also launched new services connecting Hanoi and Ho Chi Minh City to Beijing, Guangzhou and Shanghai, while also increasing flights to India, Japan and Singapore, it details. In the first six months of the year, Vietjet operated a total of 154 routes, comprising 45 domestic and 109 international ones. "Vietjet currently holds the largest market share in Vietnam with 46% market share in domestic transportation and 56% market share in international passenger transportation," it states. For the first six months of the year, the airline's consolidated net operating profit more than doubled to D1.58 trillion, as revenue was up 5% to D35.8 trillion, and it posted a net profit after tax of D834 billion, up 55%. VietJet Thailand, meanwhile, posted revenue of $223 million in the first half of the year. As of 30 June, VietJet's cash and cash equivalents stood at D7.15 trillion ($273 million), up from D4.56 trillion at the start of the year.
Russian insurance payout helps AerCap report record profit
August 01, 2025
A $1 billion payout from insurers in relation to a claim submitted by the lessor for losses on aircraft leased to Russian carriers helped AerCap record what it describes as a "record" net income in the second quarter and first half of 2025. The Dublin-based lessor grew its net income to $1.26 billion in the second quarter of 2025 ended 30 June from $448 million the year before. This was despite total revenue "and other income" falling to $1.87 billion in the second quarter from $1.96 billion in 2024's second quarter. In 2024's second quarter, total lease revenue ticked up from $1.75 billion to $1.77 billion, but overall revenue was down because net gain on sale of assets fell by more than half to $57.1 million and "other income" fell from $81.1 million to $62 million. Total expenses fell from $1.45 billion in 2024's second quarter to $485 million in 2025's second quarter, mainly due to a positive $973 million added as a result "net recoveries related to Ukraine conflict". AerCap chief executive Aengus Kelly notes his company generated record net income in the half, "driven by strong operating results and the favourable June court judgment in our insurance case". AerCap states it was awarded an approximately $1 billion insurance payment by the London Commercial Court for aircraft and engines lost in Russia. For the six months ended 30 June, AerCap nearly doubled its net income to $1.9 billion. Total revenue fell slightly to $3.96 billion, while total expenses fell to $1.84 billion from $2.82 billion. In 2024's first half, $22.7 million was recorded as net recoveries related to the Ukraine conflict. As of 30 June, AerCap had cash, cash equivalents and restricted cash of $2.85 billion, up from $1.4 billion at year-end 2024. AerCap’s portfolio consisted of 3,508 aircraft, engines and helicopters that were owned, on order or managed, as of 30 June 2025. The average age of the company's owned aircraft fleet as of that date was 7.6 years (5.1 years for new technology aircraft, 15.4 years for current technology aircraft) and the average remaining contracted lease term was 7.2 years. In July 2025, AerCap's board declared a quarterly cash dividend of $0.27 per share, with a payment date of 4 September, to shareholders of record of AerCap ordinary shares as of the close of business on 13 August.