Vietnam Airlines reaches record profit for 2024
April 03, 2025
Vietnam Airlines reported a consolidated net profit of D7.96 trillion ($310 million) in 2024, which it says is the highest in its history, as it continues to restructure to improve its revenue and cash flow. The profit compares favourably to the net loss of D5.51 trillion it reported in 2023. Group revenue reached VND114 trillion, the airline says in a 2 April press release, but did not disclose a comparison for the year prior. The core airline delivered a net profit of D2.8 trillion on a revenue of D7.69 trillion, which it says was " mainly fuelled by the robust recovery of the international aviation market". Vietnam Airlines also reported that its load factor for the year was 80.6% while its fleet utilisation rose 25% to an average of 11 hours per day. The wider group benefited from clearing D4.7 trillion in debt owed by low-cost carrier Pacific Airlines as it returned several aircraft to lessors. For 2025, the airline will continue with its government-approved restructuring plan, with a focus on "restructuring its asset portfolio and financial investments to enhance revenue and improve cash flow". It plans to launch 15 new routes to destinations in Russia, Italy, Denmark, the Middle East and China this year.
Green Africa aims to restart flights after acquiring ATR 72-500
April 03, 2025
Green Africa Airways has purchased an ATR 72-500 and plans to restart operations after an issue with its lessor prompted a suspension of flights. Chief executive Babawande Afolabi said late last month that Green Africa had had to pause operations because of a "sudden and unexpected" issue with the lessor. Cirium fleets data had listed the airline as the operator of three ATR 72-600s leased from ACIA Aero Leasing. In a 1 April post on the airline's Facebook page, Afolabi writes that Green Africa has since acquired its first owned aircraft, partially financed with a naira debt facility provided by Nigeria's Access Bank. He identifies the aircraft as bearing the registration 5N-GAB, which Cirium fleets data shows to be a 2009-built example that was originally owned and operated by Aurigny and then by Hi Air. Manufacturer ATR is listed as the aircraft's current owner. "“This is a significant milestone for all of us," writes Afolabi, adding: "The incoming aircraft will be pivotal for the next phase of our journey to bring safe, affordable and reliable air travel to a broader group of customers in the region. I would like to extend our deep appreciation to Access Bank for the faith reposed in us in providing the financing for this aircraft. Thank you for taking the lead in shaping what we hope to be the future of local aircraft financing in Nigeria and the broader continent." Green Africa launched operations in 2021 after taking delivery of three leased ATR 72-600s from ACIA. The privately owned low-cost carrier is based at Lagos Murtala Muhammed airport and its network comprises 10 domestic routes.
Lufthansa puts A350s in Frankfurt amid aircraft delivery delays
April 02, 2025
Lufthansa is temporarily deploying six Airbus A350-900s on long-haul routes from its Frankfurt hub, to plug the gap caused by delayed aircraft deliveries. The German airline group states that four of its A350-900s began operating flights from Frankfurt to Seoul and Shanghai on 30 March. Two additional A350-900s will be stationed at Frankfurt from 1 May and 1 July for services to Denver and Seattle, respectively. "With the temporary deployment of A350 aircraft from Frankfurt, we are closing a gap caused by delayed aircraft deliveries," says Lufthansa chief executive Jens Ritter, adding that the A350s will "offer an improved travel experience from Frankfurt until new long-haul aircraft are delivered". Lufthansa is awaiting deliveries of 20 Boeing 777-9s, which were supposed to have begun in 2020 but are now not expected to take place until 2026. Lufthansa, which is the launch operator of the aircraft, is in the process of renewing its widebody fleet. In addition to the 20 777-9s on order, Lufthansa has orders for 15 A350-1000s and 19 A350-900s, with 14 of the latter expected to be delivered by 2029. The carrier already operates 30 A350-900s which had been exclusively operating from Munich. Its widebody fleet also includes five in-service 787-9s, with a further 29 on order; 19 747-8Is; eight 747-400s; seven A380s; eight A340-600s; 16 A340-300s; and eight A330-300s. "Over the next 36 months, Lufthansa is expecting the largest fleet renewal in its history," states Ritter. "By the end of 2027, 61 new aircraft are scheduled to be added to the fleet. This means an average of one new aircraft every two weeks."