Turkish to sell holding in Air Albania
November 20, 2025
Turkish Airlines has elected to sell its shareholding in Air Albania. In a 19 November regulatory statement, the carrier says its board of directors has decided to sell its 49% holding in the airline. Any material developments will be shared with its investors, it adds. Air Albania was established in 2018, with Turkish as a key backer with an investment of $30 million for a 49% stake. A special-purpose vehicle linked to lessor GA Telesis brought legal action against Air Albania and Turkish Airlines in August alleging breaches of leases of two Airbus A320s. A particulars-of-claim form submitted to the UK high court on 1 August shows that GAT Aircraft & Engine Leasing is seeking damages and/or other relief from Air Albania in relation to leases entered into in February 2023 for two A320s (MSNs 3676 and 4934). GA Telesis declines to comment on the action, while Cirium has contacted Air Albania for comment.
Jet2 half-year profit rises amid late-booking trend
November 20, 2025
Jet2 increased revenue and operating profit in its last six months of trading, amid a continued late-booking profile among customers. Operating profit came in at £715 million ($938 million) for the period ended 30 September, up 2% year on year. Revenue was up 5% at £5.34 billion. Jet2 cites a "fast-moving, late-booking market". Chief executive Steve Heapy states: "We are very pleased to report another record financial performance for the first half of the year, illustrating how our flexible operating model can adapt to changing consumer behaviour. "Customers may be booking later, but it is clear they still want their well-earned holidays in the sun with a brand they can trust." Jet2 says that winter 2025/26's on-sale seat capacity is currently 7.7% higher than winter 2024/25's. at 5.5 million seats, and observes that the late-booking profile of summer 2025 is continuing. Its full-year expectations remain unchanged, excluding the start-up investment required for the opening of its new London Gatwick base. Jet2 says it is "on track to deliver in line with market expectations".
FlySafair to start operating Max jets via AerCap leases
November 19, 2025
FlySafair will operate Boeing Max jets for the first time after agreeing to lease three from AerCap. The lessor says the trio of Max 8s will be delivered in the first quarter of 2028. In addition, two 737NGs will be placed with the South African carrier. Deliveries of those are set to begin in the third quarter of 2026. The transaction was announced during the Dubai air show. AerCap commercial chief Peter Anderson notes that the deal makes FlySafair a new lessee for the lessor. Data shows that the Johannesburg-based carrier's fleet includes 35 737NGs, four 737-400s and one 737-400 combi.