Paving the Way for Stronger Governance and Global Expansion of Korea’s Leading Hybrid Airline
Air Premia Boeing 787-9 Dreamliner HL8388 (msn 66409) LAX (Brian Worthington). Image: 963323.
SEOUL, South Korea, May 8, 2025 /PRNewswire/ — Tire Bank Group has officially acquired a controlling stake in Air Premia(CEO Kim Jae-hyun, Yoo Myung-sub), Korea’s first long-haul hybrid airline, reinforcing its commitment to advancing the country’s aviation industry on a global scale.
On April 30, 2025, Tire Bank Group signed a definitive agreement to acquire an additional 22% equity stake in Air Premia from JC SPC and Sono International. This acquisition raises the Group’s total ownership to over 70%, solidifying its position as the airline’s majority shareholder.
Tire Bank Group
Air Premia
Since Air Premia’s launch in 2018, Tire Bank Group has played a pivotal role in supporting the airline’s development through strategic investments. Despite global headwinds and the unprecedented impact of the COVID-19 pandemic, Air Premia has demonstrated remarkable operational resilience and adaptability.
Tire Bank Group maintained unwavering confidence in the airline’s potential, steadily increasing its ownership to 48% during turbulent times. Now, with a controlling interest, the Group is positioned to drive responsible management practices and long-term growth strategies.
Fleet and Route Expansion Underway
Air Premia is actively expanding its fleet and route network as part of its mid- to long-term growth plan. The airline currently operates seven Boeing 787-9 aircraft, with two additional aircraft set to be introduced later this year. Beginning July 2, the carrier will launch a new route to Honolulu, Hawaii – its fourth scheduled destination in the USA. To bolster operational stability, additional spare engines have also been secured.
Executive Statement
“Airlines are more than businessesโthey represent the dignity and global standing of a nation,” said Kim Jeong-kyu, Chairman of Tire Bank Group. “We are committed to building Air Premia into a premium hybrid airline that proudly represents Korea and elevates its presence in the global aviation market.”
About Tire Bank Group
Founded in 1991, Tire Bank is Korea’s first and only dedicated tire distribution company, operating 501 stores across the country. With a customer-first philosophy, the company has introduced a range of industry-first services, including a tire warranty program, tire hotel premium storage service, and an emergency response program for tire-related issues. Tire Bank also actively contributes to local communities through various charitable and donation initiatives.
TAIPEI, May 8, 2025 /PRNewswire/ — Boeing [NYSE: BA] and China Airlines (CAL) today announced the carrier as the newest 777X customer with an order for 10 777-9 passenger and four 777-8 Freighter airplanes. The first carrier in Taiwan to order the fuel-efficient 777X, China Airlines will leverage the widebody jet’s added capacity and range on long-haul routes to North America and Europe.
Boeing rendering of a 777-9 and 777-8F in China Airlines livery
In addition to the firm order, which booked in March 2025 and was posted as unidentified on Boeing’s orders and deliveries website, the airline has options to purchase five 777-9s and four 777-8 Freighters. With this order, China Airlines joins an exclusive group of global airlines that have ordered the passenger and freighter variants of the 777X family.
“As a long-time operator of the 777-300ER and 777 Freighter, we are excited to welcome Boeing’s newest 777X family into our world-class fleet,” said Kao Shing-Hwang, chairman of China Airlines. “The advanced technology and features of the 777-9 will provide our customers with the best-in-class flying experience, while the 777-8 Freighter’s range and fuel-efficiency will enable us to maintain a leadership position in air cargo. This is a significant investment toward our future, and we will rely on the new 777X family to help realize our long-term sustainability goals.”
The world’s largest twin-engine jet, the 777-9 will offer 20% lower fuel use and emissions than the airplanes it replaces, as well as the lowest operating cost per seat of any airplane as it connects far-flung destinations with a range of 7,295 nautical miles (13,510 km). The 777-9 will allow China Airlines to maximize capacity with 426 passengers in a typical two-class configuration while offering exceptional comfort with a more spacious cabin environment.
“The 777X will enable us to deliver an enhanced travel experience and greater reliability for our customers,” added Chen Han-Ming, president of China Airlines.
Given the interoperability of the 777X with its current Boeing twin-engine freighters, China Airlines plans to renew its fleet with the new 777-8 Freighter, which offers 747-sized payload capability along with a 30% improvement in fuel efficiency and emissions and up to a 60% smaller noise footprint.
“As we welcome China Airlines to the 777X customer family, we are pleased to build on our nearly 60-year partnership that traces back to the 707 and 727,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. “We value China Airlines’ continued confidence and look forward to delivering the new 777Xs adorned with the beautiful plum blossom livery in the coming years.”
Customers around the world have now ordered more than 520 777X airplanes sustaining thousands of jobs at Boeing’s Everett, Wash., site and across the supply chain.
“Operating the 777-9 and 777-8 Freighter will allow China Airlines to add capacity and position the airline for further growth going forward,” said Dan Schull, Boeing vice president of Commercial Sales, Northeast Asia. “In addition to these new 777X jets, China Airlines has 787 Dreamliners on order that will further strengthen its world-class fleet for many years to come.”
A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Icelandair Boeing 737-8 MAX 8 TF-ICG (msn 42836) ZRH (Andi Hiltl). Image: 963993.
In April 2025, Icelandair transported 381 thousand passengers, a 24% increase compared to the same period last year. Year-to-date, Icelandair has transported more than 1.2 million passengers. During the month, 29% of passengers were traveling to Iceland, 19% from Iceland, 47% were via passengers, and 5% were traveling within Iceland.
Capacity, measured in available seat kilometers, increased by 25% from April last year and passenger traffic, measured in revenue passenger kilometers, increased by 25%. Load factor was 81% and on-time performance was 91%, increasing by 3.0 ppt from the already strong performance in April 2024.
Sold block hours in charter flights increased by 82%. Freight measured in Freight Ton Kilometers increased by 12% compared to April last year.โฏCO2 emissions per Operational Ton Kilometer (OTK) decreased by 3%.
Bogi Nils Bogason, President and CEO of Icelandair: โApril marked another strong month for Icelandair, with passenger traffic increasing by 25% compared to the same period last year. This growth was driven by a 25% increase in capacity due to an earlier start of the second connection bank in Keflavik, which is part of our strategy to grow outside the peak season, evening out seasonality and utilizing our infrastructure better throughout the year. The timing of the Easter holiday further contributed to strong demand across our international route network. Notably, we saw a 37% increase in the number of passengers traveling from Iceland, reinforcing our role as the preferred airline among Icelandic travelers. Additionally, the number of passengers on the market to Iceland grew by 30%, while the number of via passengers increased by 21%. This growth was achieved at flat yields year over year resulting in strong revenue generation for the month.
The operation of our route network was strong in April, highlighted by impressive on-time performance during the month. This achievement is especially significant given that we operated our largest-ever April schedule and had the Easter period fall within the month. This performance is a clear reflection of the dedication of our entire Icelandair team and our continued focus on operational efficiency.โ
Popular service seamlessly links Waterloo Region,ย Hamiltonย and Toronto Airports
Contemplated airside-to-airside connections would streamline passenger screening and baggage handling for added customer convenience
MONTREAL, May 7, 2025 /CNW/ – Air Canada today said that after a year of successful operation it has extended its agreement with The Landline Company to continue providing seamless, luxury motorcoach land-air connections between Toronto Pearson and the John C. Munro Hamilton International Airport and the Region of Waterloo International Airport.
Popular service seamlessly links Waterloo Region, Hamilton and Toronto Airports. (CNW Group/Air Canada)
“Air Canada has been very pleased with the response to this innovative initiative that we launched as a pilot program a year ago. The results show our multimodal strategy is a popular and effective means to increase connectivity within our network while offering customers additional, convenient travel options. With our extended partnership, we are working together with Landline to further develop this program both operationally, with the goal of advancing to a direct airside-to-airside service, subject to government approval, and geographically, by introducing it elsewhere in Canada,” said Ranbir Singh, Director, Regional Airlines and Markets at Air Canada.
“We’ve enjoyed working with the Air Canada team to help unlock a new, premium, stress-free connecting experience for passengers departing Hamilton and Waterloo Region,” said Nick Johnson, Vice President, Commercial for The Landline Company. “We are further refining our product, equipping our vehicles with new fast, free Wi-Fi next week, meaning all customers onboard can enjoy streaming video services and gaming on their personal devices. And we are working with Air Canada, airport partners, and regulators to establish airside-to-airside service, building an innovative, cost-effective solution that makes regional travel more efficient and enjoyable.”
“Congratulations to Air Canada and Landline on the first anniversary of this unique partnership with the Region of Waterloo International Airport (YKF),” said Karen Redman, Chair of the Region of Waterloo. “This innovative service has opened up a world of opportunities for our passengers by providing seamless connectivity to a wide range of Canadian and international destinations. Global connectivity is key, and we are committed to working together to support the evolution of the service in Waterloo Region.”
“We are delighted to extend our partnership with Air Canada and The Landline Company and continue offering this innovative multimodal travel option to our passengers. This service has enhanced connectivity from Hamilton to exciting destinations worldwide through Air Canada’s global network while providing travelers with convenience, stress-free experience, strengthening our airport’s position as a key regional gateway,” said Ed Ratuski, Executive Managing Director at Hamilton International. “We’ve witnessed firsthand how this seamless integration between luxury motorcoach service and air travel has improved the passenger journey, and we look forward to building on this collaboration as we continue to elevate the travel experience for our customers here at Hamilton International Airport.”
Landline’s luxury motorcoaches, designed and built in Quebec by Prevost, provide premium features such as spacious leather seating, free Wi-Fi, power outlets, and full accessibility for passengers with reduced mobility. The motorcoaches run multiple non-stop round trips daily from Hamilton and Waterloo Region airports to Toronto Pearson, offering Air Canada customers the same benefits as air-only itineraries, including boarding pass and bag tag printing at their regional airport, as well as, disruption protection, and Aeroplan point earning opportunities.
About Air Canada
Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada’s climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. For additional information, please see Air Canada’s TCFD disclosure. Air Canada shares are publicly traded on the TSX in Canada and the OTCQX in the US.
About The Landline Company
The biggest airlines in the world trust Landline to power their first and last mile connectivity. Landline’s industry-first platform allows airlines to leverage the seamlessness and affordability of ground transportation to add dynamic new routes to their network without sacrificing on quality or customer experience. Landline operates seamless multi-modal networks on behalf of Air Canada, United Airlines, American Airlines, and Sun Country Airlines. Landline is fundamentally reshaping the way every consumer thinks about the travel day by making air travel multi-modal. Visit landlineco.com for more information.
To Celebrate, Americaโs Greenest Airline Is Offering Fares as Low as $49*
Frontier Airlines (2nd) Airbus A321-271NX WL N631FR (msn 11694) (Pearl, the Spotted Eagle Ray) ONT (Michael B. Ing). Image: 964746.
DENVER โ May 6, 2025 โ Ultra-low fare carrier Frontier Airlines (Nasdaq: ULCC) will launch two new routes this summer, offering consumers additional low-cost travel options along the United States East Coast and in the Midwest. On July 7, thrice-weekly nonstop service between Baltimore/Washington International Airport (BWI) and Chicago OโHare International Airport (ORD) will begin. On July 10, twice-weekly nonstop service between Myrtle Beach International Airport in South Carolina (MYR) and Trenton-Mercer Airport in New Jersey (TTN) will begin. To celebrate, Americaโs Greenest Airline is offering fares as low as $49*.
โFrom the Midwest to the Mid-Atlantic, and down the Eastern Coast, we are thrilled to announce these new routes as we continue our mission to offer our ultra-low fares to more travelers in more destinations,โ said Josh Flyr, vice president of network and operations design, Frontier Airlines. โWe canโt wait for more consumers this summer to experience The New Frontier, proving that affordable air travel can also offer unmatched comfort and convenience.โ
New service from Baltimore/Washington International Airport (BWI):
SERVICE TO:
SERVICE START:
SERVICE FREQUENCY:
INTRO FARE:
Chicago OโHare (ORD)
July 7, 2025
3x/week
$49*
New service from Myrtle Beach International Airport (MYR):
SERVICE TO:
SERVICE START:
SERVICE FREQUENCY:
INTRO FARE:
Trenton, N.J. (TTN)
July 10, 2025
2x/week
$49*
New service from Chicago OโHare International Airport (ORD):
SERVICE TO:
SERVICE START:
SERVICE FREQUENCY:
INTRO FARE:
Baltimore (BWI)
July 7, 2025
3x/week
$49*
New service from Trenton-Mercer Airport (TTN):
SERVICE TO:
SERVICE START:
SERVICE FREQUENCY:
INTRO FARE:
Myrtle Beach, S.C. (MYR)
July 10, 2025
2x/week
$49*
Frequency and times are subject to change. Please check www.flyfrontier.com for additional details.
Frontier Airlines has introduced sweeping changes to its product and customer service offerings, ushering in โThe New Frontier.โ Among the enhancements is UpFront Plus seating, an upgraded seating option with extra leg and elbow room in the first two rows of the aircraft. Customers in UpFront Plus enjoy a window or aisle seat with extra legroom and a guaranteed empty middle seat. In the coming months, the airline will introduce free, unlimited companion travel for its most loyal customers. Debuting in late 2025, Frontier will also begin offering First Class seating on every flight, combining unmatched comfort and space at Frontierโs trademark affordable prices.
Frontier continues to innovate with its industry-leading frequent flyer program, FRONTIER Miles, which allows customers to โGet It All For Less.โ Members earn miles quickly and get rewarded for each dollar spent on Frontier products. Miles accrue based on dollars spent with a standard 10X multiplier: $1 = 10 miles, with multipliers increasing at every elite level up to 20X. Elite status is attainable at only 10,000 miles and offers perks such as priority boarding, seat selection and free bag(s) depending on status level. Like the airline, FRONTIER Miles is also family friendly, offering easy family pooling of miles making it simple for families to enjoy rewards together. Joining is free.
HOUSTON, May 6, 2025 /PRNewswire/ — Avelo Airlines announced today the launch of Stretch and Stretch+, two new seating upgrade options to provide Customers with more personal space and a more comfortable travel experience. Customers who purchase Stretch+ will be seated in a row where the middle seat is left intentionally unoccupied. Avelo also offers Standard seating and Stretch seating, offering extra legroom.
The Stretch and Stretch+ options will be available for an additional fee on all Avelo flights beginning September 3, 2025. Customers can purchase these upgrade options now at AveloAir.com for travel on or after that date.
Avelo Airlines Chief Commercial Officer Brian Davis said, “Stretch and Stretch+ reflects our commitment to giving travelers more choice and comfort while staying true to what sets us apart: convenient, reliable, and affordable service. We know comfort matters and this new option offers a better experience for those who want it, without changing the value our Customers expect from us.”
America’s Most Convenient Airline Avelo has unlocked a new era of convenience, choice, and competition by flying unserved routes to primarily underserved communities across the country. Most Avelo routes have at least one small, easy to use airport. This makes traveling with Avelo a smoother, easier and more enjoyable experience than contending with the crowds, congestion and long walks at larger airports.
Avelo offers a range of seating options. These include Standard, Stretch, and Stretch+ seating. Stretch provides extra legroom, with pitch ranging from 32 inches to over 36 inches. Stretch+ features a unique upgrade where the middle seat is blocked for added comfort and space. Customers can also purchase window and aisle seats in advance of their flight. In addition to advance seat assignments, Avelo offers several unbundled travel-enhancing options that give Customers the flexibility to pay only for what they value, including priority boarding, checked bags, carry-on overhead bags, and bringing a pet in the cabin.
Additionally, families can travel with ease knowing every child 14 and under will be automatically seated with an accompanying adult at no additional cost.
The private aviation provider is quickly approaching 30 aircraft under management
TAMPA, Fla., May 5, 2025 /PRNewswire/ — FlyUSA, a premier private aviation solutions provider and one of the fastest-growing private companies in the U.S., announces the acquisition of TRYP Air Charter and its affiliated company, MySky Aviation Solutions. This expansion brings FlyUSA’s total aircraft under management from 24 to 28. The transaction also expands FlyUSA’s on-fleet aircraft available for charter from eight to a total of 12, a 50% increase in its charter fleet. Under this transition, FlyUSA is fully committed to ensuring that it is seamless for all clients, partners and staff.
FlyUSAโs Pilatus PC-12 aircraft
“We’ve known the TRYP team since we first started FlyUSA and they’ve been a great partner to work with, we are all excited about joining forces,” said Barry Shevlin, Co-Founder and CEO of FlyUSA. “This transaction results in FlyUSA becoming the largest and most active combined turboprop and light jet fleet in the state of Florida, if not the broader Southeast U.S. This partnership unlocks new opportunities for growth, but most importantly, delivers even greater value to those we serve. I could not be more excited having these two organizations join FlyUSA.”
Elliot Mintzer, Founder and CEO of MySky and TRYP, will join FlyUSA to manage its turboprop/PC-12 fleet. With 10+ years of specialized PC-12 experience and a priceless level of sales and marketing expertise, he will continue to share that knowledge as well as train and mentor pilots for the additional PC-12 aircraft coming onboard. Kyle Garren, TRYP’s VP of Charter/Logistics, will also join FlyUSA, boosting support and resources for the sales team.
“TRYP and MySky have always been a leading source of Pilatus PC-12 lift throughout the Southeast and the Bahamas,” Elliot Mintzer, Founder and CEO of MySky and TRYP, commented. “The innovative growth opportunities at FlyUSA for our owners and team is something we couldn’t pass up being a part of or be more excited about,” Mintzer added.
The announcement follows a record-breaking 2025 Q1 for FlyUSA, when it achieved $15 million in revenue driven by continued growth in its on-demand charter department. FlyUSA remains on track to meet its 2025 revenue goal of $70 million.
About FlyUSA FlyUSA, Inc. provides seamless, end-to-end private aviation solutions to clients across the United States. Founded by pilots and built on a commitment to safety, teamwork, growth, and doing the right thing, FlyUSA offers on-demand charter flights, the Ascend Club membership program, jet card options, and full-service aircraft acquisitions and management. Known for being personalized, easy to do business with, and highly responsive, FlyUSA is redefining private aviation through solutions that deliver an elevated, effortless experience. With a fleet of 28 managed aircraft and more than 1,500 clients and members nationwide, FlyUSA’s rapid growth earned a #45 ranking on the 2024 Inc. 5000 list of fastest-growing private companies.
SMYRNA, Tenn. and DANIA BEACH, Fla., May 5, 2025 /PRNewswire/ — Contour Airlines announced today a strategic partnership with Spirit Airlines that will increase connectivity to the national air transportation system and bring affordable travel options to underserved communities across the country. As the second largest carrier in the U.S. Department of Transportation’s Essential Air Service (EAS) program, Contour currently serves 22 EAS cities throughout the continental United States. Spirit Airlines is committed to delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options.
Under the partnership, Contour will continue to perform under EAS contracts from the U.S. Department of Transportation, providing service to the major connecting hubs of its interline partners, American, United, and Alaska Airlines. Spirit will introduce service to major leisure destinations from a number of Contour’s EAS markets. Spirit and Contour’s partnership will significantly expand the utilization and reach of the airports served. Contour will provide ground handling support to Spirit at its EAS locations and will leverage its deep community relationships to cross-market Spirit flights.
By working with Contour, Spirit will offer travelers the opportunity to enjoy affordable and convenient ways to visit exciting leisure destinations at an unmatched value. Spirit’s low fares and nonstop flights will eliminate the need for long drives to larger airports. The partnership also highlights Contour’s commitment as a community stakeholder by increasing the scope and affordability of air travel in its EAS markets.
“EAS communities no longer need to choose between national connectivity and low fares. The combination of service from our two airlines is the best formula to grow passenger traffic in these underserved airports,” said Ben Munson, President of Contour.
“Our new partnership with Contour gives us an exciting opportunity to grow our network and explore low-cost entry into new markets that currently have limited service,” said John Kirby, Vice President of Network Planning at Spirit Airlines. “We look forward to welcoming new Guests onboard and providing convenient connectivity in historically underserved regions through Spirit’s affordable, high-value service.”
The initial markets to be served under the partnership will be announced this summer.
Gol Transportes Aereos Boeing 737-8EH WL PR-GTA (msn 34474) GRU (Rodrigo Cozzato). Image: 930949.
Sรฃo Paulo, May 05, 2025 โ GOL Linhas Aรฉreas Inteligentes S.A. (B3: GOLL4) (โCompanyโ or โGOLโ), one of the leading airlines in Brazil, announces today the update of its financial projections in support of the Companyโs Chapter 11 exit debt financing process, as detailed in the presentation attached hereto as Annex I. The Company advises that the updated financial projections serves as an update to is GOL 5-Year Plan projections published on January 15, 2025. The enclosed updated financial projections set forth in the attached presentation incorporate the following updated actual and projected financial performances:
Actual Results for 2024:ย Include the actual financial results achieved during the 2024 fiscal year which serve as the basis for updating future yearsโ projections.
Updated Financial Guidance for 2025: Revision of estimates for the 2025 fiscal year, with Total Net Revenue forecasted to range between R$22.1 billion and R$22.7 billion and EBITDA between R$5.7 billion and R$5.9 billionยน.
Revenue Revisions through Q1 2026: Adjustments were made to revenue projections based on current booking trends and signed contracts, reflecting expected stronger demand through the first quarter of 2026.
Udates to the 2026 Bonds Creditors Agreement: Incorporation of the terms of the agreement reached with an ad hoc group of 2026 bondholders (the โAd Hoc Groupโ), pursuant to which the members of the Ad Hoc Group have made commitments to purchase $125 million of the Companyโs $1.9 billion of exit financing notes (โExit Debt Financingโ) in connection with a settlement of claims, as disclosed in the material fact dated May 2, 2025.
Exit Debt Financing Updates: Revised upward the expected coupon payable on the Exit Debt Financing and moved out the Company’s exit from the Chapter 11 process to early June 2025 from late April 2025.
Equity Financing Timeline and Clawback Clauses: Updated timing of projected receipt of up to $330 million of equity investments in GOL by strategic partners.ย Such investments are now assumed to occur within the first 180 days post emergence from the Chapter 11 case.ย The projections include an assumption that upon receipt of the full $330 million, up to $180 million will be used to prepay a portion of the Exit Debt Financing.
The financial projections detailed in the presentation attached hereto as Annex I are estimates based on the information currently available and the underlying assumptions set forth above are more fully described in the presentation. It should be noted that these projections do not constitute a performance promise and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the projections.
The Company also announces preliminary and unaudited financial information for the quarter ended March 2025. With the objective of assisting investors and analysts in understanding how GOL is approaching its short-term planning, the Company is sharing these metrics.
GOL expects an EBITDA ยฒ,ยณ margin for the quarter of ~27%, in line with the quarter ended in March 2024.
Passenger unit revenue (PRASK) for the first quarter is expected to be up approximately 5% year over year. For the quarter ended in March, GOL expects unit revenue (RASK) to increase approximately 6%).
1-As disclosed in the material fact dated March 28, 2025. 2-For comparison purposes, 1Q24 results were adjusted considering results of Sale Lease Back as non-recurring, unaudited. 3-Excluding non-recurring expenses of approximately R$370 million. 4-Cash, cash equivalents and accounts receivable.
Finally, GOL reiterates that, under the terms of the Plan, it will significantly reduce its indebtedness by converting into equity or extinguishing up to approximately US$1.7 billion of its pre-Chapter 11 funded debt and up to approximately US$850 million of other obligations. As such, considering that the conversion will be carried out based on the economic value of GOLโs shares prior to the conversion, in accordance with applicable law, a substantial dilution of GOLโs currently outstanding shares is expected (subject to shareholdersโ preemptive rights as provided under Brazilian law).
New exclusive non-stop route betweenย Montrealย andย Guadalajara
Extension ofย MontrealโMadridย service
MONTRรAL, May 5, 2025 /CNW/ – Air Transat, named the World’s Best Leisure Airline in 2024 by Skytrax, continues expanding its network with the addition of two new international routes to its winter 2025-2026 program. The airline is introducing an exclusive route between Montreal and Guadalajara (GDL) in Mexico and extending its service between Montreal and Madrid (MAD) in Spain to cover part of the winter season. Flights will be available for booking this week.
“The launch of these new routes reflects our commitment to offering a diversified network and effectively meeting currently underserved demand,” says Sebastian Ponce, Chief Revenue Officer at Transat. “By targeting high-potential markets like Guadalajara and gradually making our European service available year-round, we are strengthening our position from Eastern Canada to the South and Europe, while maximizing our fleet’s operational efficiency. These are carefully curated routes that align with Air Transat’s DNA.”
Montreal โ Guadalajara: Discover Mexico Differently Starting December 13, 2025, travellers can fly non-stop from Montreal to Guadalajara, a cultural gem of Mexico. Offered twice weekly on Thursdays and Saturdays, this new route opens the door to an authentic and vibrant destination โ the birthplace of mariachi, tequila, and a thriving culinary scene. In addition to serving the needs of Quebec’s Mexican community, this service invites travellers to discover another side of Mexico.
Montreal โ Madrid: Spain in Winter Next winter, there will be no need to wait for the return of warm weather to enjoy the Spanish capital. Starting February 18, 2026, Air Transat will offer two flights per week between Montreal and Madrid on Wednesdays and Fridays, extending its summer route for the first time into the winter season. With its mild temperatures, lifestyle, and rich heritage, Madrid offers a refreshing European getaway at any time of year. This expansion is part of Air Transat’s strategy to reduce the seasonality of its transatlantic network by adding Madrid to its winter offerings for Spain, which already includes Malaga. Additionally, the airline offers seamless connectivity to several other key destinations in Spain through its interline partnership with Air Europa.
Also, it is worth noting that the joint venture with Porter Airlines allows travellers from across Canada to easily access Air Transat’s extensive network via connecting flights. This partnership ensures warm service and a high-quality travel experience with two Canadian airlines known for their friendliness and reliability.
Details of Air Transat’s full winter 2025-2026 program will be announced soon.
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