Former Hi Fly A380 Acquired by New Owner, Not Global Airlines

Akasa Air Leases Boeing 737s from BOC Aviation Amid Market Shifts BOC Aviation has entered into a landmark agreement to purchase and lease back three Boeing 737-8 aircraft to Akasa Air, marking its inaugural collaboration with the Indian carrier. These aircraft, equipped with CFM LEAP-1B engines, are slated for delivery starting January 2026 under long-term operating leases. This transaction underscores BOC Aviation’s commitment to supporting fleet expansion through strategic capital provision. Paul Kent, Chief Commercial Officer at BOC Aviation, expressed enthusiasm about the partnership, highlighting the Boeing 737-8 as one of the world’s most popular single-aisle jets. He emphasized that the deal leverages BOC Aviation’s capacity to facilitate growth for its customers during critical phases of development. Strategic Fleet Expansion Amid Industry Dynamics Akasa Air’s decision to incorporate Boeing 737s into its fleet comes at a time of notable transformation within the global single-aisle aircraft market. While Boeing’s 737 series was historically the best-selling jetliner worldwide, it has recently been surpassed in popularity by Airbus’s A320 family. Nevertheless, the U.S. Federal Aviation Administration’s recent approval to increase Boeing’s 737 monthly production rate may positively impact Akasa Air’s fleet growth by enhancing aircraft availability and accelerating delivery schedules. Priya Mehra, Chief of Governance & Strategic Acquisitions at Akasa Air, highlighted the significance of partnering with BOC Aviation, a lessor renowned for its expertise in aircraft financing and asset management. She noted that this collaboration aligns with Akasa Air’s disciplined and sustainable approach to fleet expansion, aimed at ensuring operational efficiency while delivering a reliable and distinctive flying experience. The airline remains focused on expanding connectivity across both domestic and international markets. Evolving Competitive Landscape in Indian Aviation The Indian aviation sector is witnessing increased competition and strategic realignments. Hindustan Aeronautics Ltd (HAL) has recently joined forces with Russia to manufacture the 100-seat Sukhoi Superjet-100 (SJ-100), potentially introducing a new competitor to established manufacturers such as Boeing and Airbus in the regional jet segment. This development may prompt global aircraft producers to intensify their focus on cost-effective and efficient models to sustain market share in the region. In a related development, CDB Aviation, an Irish subsidiary of China Development Bank Financial Leasing Co., has completed the delivery of five Airbus A320neo Family aircraft to Mexican carrier Volaris. This brings the total number of aircraft leased by CDB Aviation to Volaris to 16, underscoring the ongoing rivalry between Boeing and Airbus for dominance in the global single-aisle market. As Akasa Air advances its fleet expansion, its partnership with BOC Aviation positions the airline to effectively navigate a rapidly evolving market landscape, balancing operational efficiency with the challenges posed by intensifying competition and shifting passenger expectations.

Online Travel Agencies Surpass Airlines in ChatGPT Travel Booking Searches The rapid advancement of generative artificial intelligence is fundamentally altering the way travelers search for and book flights. Online Travel Agencies (OTAs) have emerged as the primary beneficiaries of this shift, capturing a substantially larger share of referral traffic from ChatGPT’s AI-powered search compared to traditional airline websites. This development marks a significant transformation in the digital travel ecosystem. The Rise of OTAs in AI-Driven Travel Queries Data from September 2025 reveals that ChatGPT accounted for 2.3% of referral traffic to airline websites, an increase from 1.8% in August and a notable rise since the launch of ChatGPT Search in November 2024. Despite this growth, OTAs and metasearch engines dominate the AI-driven referral landscape, receiving approximately 95% of traffic related to airline bookings. This trend underscores a fundamental change in consumer behavior, with travelers increasingly relying on aggregated platforms rather than direct airline sources. ChatGPT’s flight-related responses predominantly favor OTAs and metasearch platforms such as Expedia and Kayak. A study conducted by PROS highlights that 74.6% of airline brand mentions within ChatGPT conversations do not include direct links, in stark contrast to just 8.8% for OTAs and 8.6% for metasearch sites. This discrepancy arises from the AI’s preference for platforms that provide comprehensive flight options and fare comparisons—capabilities that OTAs are uniquely positioned to offer. Unlike airline websites, which often present static or fragmented information, OTAs aggregate data from multiple carriers, enabling side-by-side comparisons that align with AI’s need for rich, comparative content. This aggregation facilitates easier indexing and recommendation by AI engines, thereby increasing OTAs’ visibility and referral traffic. Industry Implications and Market Dynamics The ascendancy of OTAs in AI-driven travel searches signals a broader industry transformation. As AI platforms like ChatGPT become central to travel planning, traditional search engines are diminishing in relevance for these queries. This shift has already resulted in a 20% to 30% decline in visibility for many OTAs and metasearch sites that previously depended heavily on Google and similar search engines, as AI-generated summaries increasingly supplant conventional search results. However, the rise of AI-powered booking tools also presents new challenges. OTAs face intensifying competition from emerging AI-driven direct booking solutions and may encounter resistance from traditional travel agencies striving to maintain their market share. To remain competitive, OTAs must continuously innovate and enhance user engagement, particularly as agentic AI technologies become more integrated into the booking process. Consumers are gravitating toward more personalized and AI-enhanced booking experiences, prompting airlines and traditional agencies to adopt similar AI technologies or upgrade their platforms. This evolving landscape is likely to ignite a competitive marketing battle between major chatbots and OTAs, carrying significant financial implications for both sectors. As AI continues to reshape travel search and booking, the balance of power within the industry is shifting rapidly, compelling all stakeholders to adapt or risk obsolescence.

Airbus Forecasts Demand for 2,600 New Aircraft in Latin America Over Two Decades TOULOUSE, France — Airbus has projected a substantial expansion in the Latin American and Caribbean aviation market, anticipating the need for more than 2,600 new aircraft over the next 20 years. Damien Sternchuss, Vice President and Head of Airline Marketing at Airbus Latin America & Caribbean, outlined this forecast during a recent event in Toulouse, attributing the growth to strong economic and demographic factors driving increased air travel in the region. Growth Drivers and Market Composition Sternchuss emphasized that aviation is essential in Latin America due to the region’s challenging geography and rapid urbanization. He forecasted steady growth, with domestic air travel expected to expand at an annual rate of 4.1%. By 2045, the market will require approximately 2,600 new aircraft, with single-aisle jets—primarily from the A320 family—comprising about 90% of deliveries. The remaining 10% will be widebody aircraft, including models such as the A330 and A350, to support the growth of international routes. Airbus currently commands a dominant position in the region, operating 870 aircraft, which represents over half of the total fleet. The company also maintains a backlog of 450 aircraft for Latin American carriers, including the recently established Abra Group. Sternchuss highlighted the strategic advantage of Airbus’s modern product line, particularly the A320 family, which he described as the “most successful aircraft ever.” The A320’s performance at high-altitude airports, such as Bogotá, has set industry benchmarks, with the aircraft family accounting for 70% of operations at these challenging locations. Innovation and Competitive Landscape Sternchuss drew attention to the A321XLR, describing it as a “low-risk route opener” that enables airlines to explore new international markets with the cost efficiencies of a single-aisle aircraft. This model offers approximately 30% lower operating costs compared to previous-generation widebodies. In the widebody segment, the A350 stands out for its advanced construction, utilizing 70% advanced materials, including over 50% composites, which contribute to a 25% reduction in fuel consumption relative to older aircraft models. Despite Airbus’s strong position, the company faces increasing competition in the Latin American market. Boeing is expected to recalibrate its strategies to protect its market share, while China’s COMAC, despite delays linked to US-China trade tensions, is positioning itself as a potential future competitor. These evolving dynamics may influence airline purchasing decisions, particularly as the A320 family remains the world’s most-delivered aircraft. Additionally, global trends in freighter fleet expansion, especially in North America and the Asia-Pacific region, could affect fleet planning and market conditions in Latin America. Regional Commitment and Support Infrastructure Beyond aircraft sales, Airbus has established a significant presence in Latin America, employing over 1,300 people across 17 sites in five countries. The company operates major training centers in Brazil, Mexico, and Chile, underscoring its commitment to supporting regional airlines. Sternchuss noted that this infrastructure positions Airbus to assist carriers as they navigate the opportunities and challenges presented by a rapidly evolving aviation market.

Airbus Executive Discusses A320 Market Position, Supply Chain Challenges, and Future Plans A320 Surpasses Boeing 737 in Deliveries At Airbus’s Saint-Martin facility in Toulouse, France, Executive Vice President International Wouter van Wersch marked a significant achievement for the company: the A320 family has become the most-delivered jetliner in history, overtaking Boeing’s 737. This milestone underscores Airbus’s leading role in commercial aviation and reflects changing market preferences, as airlines increasingly opt for the A320’s versatile design to address rising fuel costs and growing passenger demand. Van Wersch highlighted the accomplishment as a testament to Airbus’s engineering excellence. “We surpassed the Boeing 737 in terms of deliveries not so long ago. That’s a major milestone for us and a tribute to all the great work by our engineers,” he stated. The A320’s rise has been further bolstered by Boeing’s recent production difficulties, which have allowed Airbus to expand its market share. Managing Demand Amid Supply Chain Constraints Airbus currently faces the challenge of fulfilling an unprecedented backlog of 8,600 aircraft across its portfolio, including 7,000 jets from the A320neo family. Van Wersch acknowledged the pressure to increase production rates, with a target of manufacturing 75 A320-family aircraft per month. Both Airbus and Boeing are actively encouraging suppliers to scale up capacity to meet this surging demand. “The supply chain is a real bottleneck,” Van Wersch admitted. “We are doing fairly well as a company, but we will continue to improve the aircraft, bringing in the latest technologies and ideas. It’s a very young platform with great potential to grow further.” This focus on innovation is central to Airbus’s strategy as it seeks to maintain momentum despite global supply challenges. Strategic Emphasis on Latin America and Sustainability Van Wersch emphasized Latin America’s strategic importance to Airbus, noting the company’s dominant market presence in the region. Approximately 75 percent of aircraft operating in Latin America are Airbus models, with a substantial backlog for regional carriers. The Abra Group alone is awaiting delivery of 138 aircraft, while more than 400 Airbus jets are currently on order across the continent. “Latin America is extremely high on the agenda,” Van Wersch said. “We have a good presence, but we think we can do more, especially in key countries like Brazil, Chile, Mexico, Colombia, and Argentina.” Airbus’s commitment extends beyond commercial aviation, as the company also aims to expand its defense and helicopter operations in the region. In addition, Van Wersch identified Latin America as a potential leader in aviation’s green transition, particularly through the adoption of Sustainable Aviation Fuel (SAF). He estimated that SAF could contribute to approximately 50 percent of the sector’s decarbonization efforts, with countries such as Brazil playing a pivotal role. Future Outlook As Airbus celebrates the A320’s record-breaking success, the company remains focused on addressing supply chain challenges and investing in next-generation technologies. These include innovations such as open fan engines and hydrogen propulsion, which are expected to shape the future of aviation. The A320’s milestone not only reflects evolving airline preferences but also highlights the intense competition driving the global aerospace industry forward.

GE's Giant: The Bellwether Engine That Reinvented the Logistics, Economics, and Aesthetics of Jet Travel A Milestone in Aviation History The GE90 jet engine, now a foundational element of modern commercial aviation, originated from an ambitious initiative in the early 1990s. On February 2, 1995, after years of rigorous development, aviation executives and regulators convened at GE Aviation’s Ohio headquarters to witness a defining moment: the Federal Aviation Administration (FAA) officially certified the GE90 as airworthy. Phillip Rambo, a senior engineer on the program at the time, recalls the intense effort behind this achievement, describing it as “years of blood, sweat and tears.” The certification was promptly sent to Seattle, where a Boeing 777 awaited its inaugural test flight powered by the new engine. This flight marked the beginning of a transformative era in commercial aviation. The GE90 enabled large, widebody jets to traverse vast distances with only two engines instead of four, significantly reducing fuel consumption and maintenance costs for airlines. This innovation not only enhanced the efficiency and affordability of long-haul travel but also accelerated the gradual phase-out of iconic four-engine aircraft such as the Boeing 747 and Airbus A380. Technological Innovation and Industry Impact Over the past 25 years, the GE90 has established itself as a benchmark in jet engine technology. More than 2,800 units have been produced, powering Boeing 777 aircraft on routes that have collectively covered nearly 56 billion miles—equivalent to approximately 300 round trips to the sun. An estimated 2.5 billion passengers have flown on GE90-powered planes, which have also transported around 143 billion pounds of freight. The engine’s legacy includes pioneering advancements such as lightweight composite fan blades and the integration of 3D-printed components, innovations that have since become industry standards. Jim Elliot, a principal engineer at GE, notes that the GE90 “has exceeded all expectations and become the envy of the industry.” Its status as the world’s most powerful aircraft engine endured until the introduction of GE’s own GE9X. Despite this, the GE90 remains the benchmark against which other engines are measured, underscoring its lasting influence on aviation technology. Financial Success and Market Influence The technological triumph of the GE90 has translated into significant financial gains for GE Aerospace. In 2025, the company’s stock reached a record high, closing at approximately $304 on October 24, representing an 82% increase year-to-date. This surge has been driven by a global boom in jet-engine demand, strong aftermarket sales, and a shortage of new aircraft, prompting GE Aerospace to raise its profit forecast to the highest level in nearly a decade. Robust second-quarter results, including substantial increases in revenue, adjusted earnings per share, and free cash flow, have further strengthened investor confidence. As the GE90 surpasses 100 million flight hours and celebrates a quarter-century of service, its impact resonates not only in the skies but also on financial markets. The engine that redefined the economics and aesthetics of jet travel continues to propel innovation and growth for GE Aerospace, affirming its enduring role as an industry bellwether.

Mexico’s Volaris Expects Engine Issues to End by Year-End 2027 Ongoing Engine Challenges and Recovery Outlook Volaris, the Mexican ultra-low-cost carrier, anticipates that the operational disruptions caused by Pratt & Whitney engine recalls will cease to have significant impacts on its fleet by the end of 2027. Chief Financial Officer Jaime Pous conveyed this outlook during the airline’s third-quarter investor call, noting that the average number of aircraft grounded due to engine problems is expected to decline to between 25 and 27 by the close of 2026. Pous reaffirmed the company’s previous guidance, emphasizing the expectation of “no material impacts” related to aircraft on ground (AOG) issues stemming from engine faults by the end of 2027. The recall of Pratt & Whitney’s geared turbofan (GTF) engines has severely affected Volaris, at times grounding approximately two-thirds of its fleet. In the third quarter of 2025, the airline reported an average of 36 aircraft grounded monthly due to engine-related complications. Volaris has incorporated anticipated compensation for these grounded aircraft into its financial planning, reflecting the significant operational challenges posed by the recall. Industry-Wide Impact and Volaris’s Strategic Position The engine issues affecting Volaris are part of a broader disruption within the aviation sector. LATAM Airlines Group’s CEO, Roberto Alvo, recently cautioned that capacity constraints linked to ongoing engine problems could persist until the end of the decade. Similarly, carriers such as Air New Zealand have reported financial losses attributed to engine difficulties compounded by weak demand, underscoring the widespread nature of these challenges. Volaris operates a fleet of 152 aircraft across all its Air Operator Certificates (AOCs), with an average fleet age of 6.6 years. Approximately two-thirds of its aircraft are next-generation models. In the recent quarter, the airline officially retired its Airbus A319-100 fleet, signaling a strategic shift toward newer, more efficient aircraft. Looking forward, Volaris remains committed to long-term growth despite current headwinds. The airline holds an order book for 122 Airbus A320neo-family aircraft, and its growth strategy already accounts for the phased return of grounded planes following engine maintenance. The company maintains flexibility with Airbus to adjust delivery schedules and with lessors to extend leases or acquire aircraft after lease expiration, providing resilience amid ongoing uncertainty. Financial Performance Amid Challenges Financially, Volaris reported total operating revenues of USD 784 million and a net profit of USD 6 million for the first three quarters of 2025. This represents a sharp decline of 83.8% compared to the USD 37 million net profit recorded during the same period in 2024, reflecting the operational and financial pressures resulting from the engine recalls. Despite these setbacks, Volaris’s strategic emphasis on fleet flexibility and investment in newer aircraft positions the airline to recover as engine issues are resolved and grounded aircraft return to service.

Wizz Air Expands Fleet with Two New Airbus A321neo Aircraft Wizz Air, the prominent European low-cost carrier, has taken delivery of two Airbus A321neo aircraft, leased from AerDragon Aviation Leasing Company. This acquisition represents the initial phase of a planned four-aircraft sale-and-leaseback (SLB) agreement, integral to Wizz Air’s broader strategy of fleet modernization and expansion. The two jets, delivered in February 2025, are now operational, with the remaining pair expected to join the airline’s fleet in the near future. Strategic Financing and Operational Benefits Under the terms of the SLB arrangement, AerDragon purchased the aircraft and leased them to Wizz Air on long-term contracts. This financing model is widely adopted in the aviation sector, particularly by low-cost carriers aiming to upgrade their fleets without the substantial capital expenditure associated with outright ownership. By utilizing such leasing structures, Wizz Air can introduce more fuel-efficient aircraft while preserving financial flexibility, supporting its rapid network growth across Central and Eastern Europe, the United Kingdom, and Germany. The introduction of the A321neo marks a significant enhancement in Wizz Air’s operational capabilities. The aircraft delivers a 20 to 30 percent improvement in fuel efficiency and offers an extended range compared to earlier models. These advancements enable the airline to serve routes with higher demand, expand its network reach, and improve overall operating economics. This aligns with Wizz Air’s objective to connect major European hubs, secondary airports, and longer, less frequented routes, thereby providing travelers with increased options and flexibility. Industry Challenges and Competitive Landscape Despite these positive developments, the airline’s expansion occurs amid persistent industry challenges. Supply chain disruptions, as highlighted in a recent International Air Transport Association (IATA) report, are expected to cost airlines approximately $11 billion in 2025 and may delay aircraft production and delivery schedules. Such disruptions pose risks to fleet renewal efforts, as evidenced by operational setbacks experienced by carriers like Volaris, which faced grounding of aircraft equipped with Pratt & Whitney’s GTF engines due to engine recalls. Should similar issues arise, Wizz Air’s growth trajectory could be affected. The competitive environment is also evolving rapidly. Major airlines, including American Airlines, are investing in pilot training for the longer-range A321XLR, signaling shifts in fleet strategies that may influence market dynamics and route planning. As European carriers pursue their own modernization programs, Wizz Air’s acquisition of A321neos positions it to maintain competitiveness, though it must carefully manage operational risks and respond to market developments. Implications for Travelers and Sustainability For passengers and the tourism industry, Wizz Air’s fleet expansion promises increased capacity, more frequent services, and the potential introduction of new routes, particularly in key markets such as Germany, the UK, Hungary, and Poland. The deployment of modern aircraft typically enhances connectivity, supports competitive pricing, and improves service quality. Furthermore, the transition to the A321neo aligns with broader industry objectives to reduce fuel consumption, carbon dioxide emissions, and noise pollution, addressing mounting regulatory and consumer demands for sustainability. As Wizz Air integrates these new aircraft, its ability to balance growth ambitions with operational resilience and environmental responsibility will be closely observed within the European aviation sector.

Light Aircraft Design Conference Showcases Innovation Amid Industry Challenges The Royal Aeronautical Society (RAeS) will convene its annual Light Aircraft Design Conference in London and online on 10 November 2025, bringing together designers, engineers, and industry leaders from the General Aviation sector. The event will highlight the latest advancements in light aircraft design, focusing on emerging methodologies, regulatory updates, and pioneering projects that are shaping the future of the industry. Advancements and Key Presentations The conference programme includes detailed briefings from the Light Aircraft Association on alternatives to CS-23 certification and fundamental aircraft configurations. Presentations will also cover innovations in seaplane technology and recent updates to the UK Civil Aviation Authority’s E-conditions policy. Attendees will gain insights into the RAeS Design, Build, Fly initiative, which promotes practical innovation in aircraft development through hands-on projects. A significant moment of the event will be the announcement of the 2024/25 RAeS Light Aircraft Design Competition winners, alongside the launch of the 2025/26 contest aimed at encouraging creativity and excellence in general aviation design. The speaker roster features representatives from the Light Aircraft Association, University of Hertfordshire, Ocean Aircraft, Skyfly Technologies, and the UK CAA, as well as innovators behind notable projects such as the AXE eVTOL and ISA 180 Seeker. The one-day programme will include technical briefings, project case studies, and flight-testing insights, culminating in a summary from conference chair Professor Michael Jump. Industry Context and Challenges This year’s conference arrives at a critical juncture for the sector. Discussions at the World Aviation Festival 2025 have emphasized the increasing imperative for enhanced safety and decarbonization in light aircraft design. While some investors have expressed interest in companies like HAL, which recently entered a partnership with Russia to manufacture SJ-100 jets, market responses to emerging technologies remain cautious. Competitors are responding with further investments in advanced technology and safety, as evidenced by Gulfstream’s fleet performance and NASA’s X-59 supersonic demonstrator’s inaugural flight. The broader aviation industry continues to grapple with geopolitical uncertainties and the need for resilient operations, issues underscored during the NBAA-BACE Newsmakers Luncheon. These challenges are influencing the priorities and strategies of manufacturers and regulators, underscoring the relevance of forums such as the RAeS Light Aircraft Design Conference. Designed for aviation professionals, engineers, and enthusiasts, the event offers both in-person and virtual attendance options, with discounted entry available for RAeS members and students. The conference aims to serve as a comprehensive platform for knowledge exchange and to inspire the next generation of innovators in general aviation.

Narrow-Body Aircraft: An Overview For more than fifty years, CFM International—a joint venture equally owned by GE Aerospace and Safran Aircraft Engines—has been a pivotal force in the evolution of commercial aviation. As the world’s foremost supplier of aircraft engines, CFM has established industry standards in efficiency, reliability, durability, and cost of ownership through its acclaimed CFM56 and the more recent CFM LEAP engine families. The Role and Challenges of Narrow-Body Aircraft Narrow-body aircraft, typically powered by engines such as those developed by CFM, have become essential to short- and medium-haul air travel. Their widespread adoption is largely due to their operational flexibility and cost-effectiveness, making them the preferred choice for airlines globally. Despite their popularity, the narrow-body market is confronting several significant challenges. Market saturation has intensified competition, particularly from low-cost carriers like AirAsia, which continue to expand aggressively and reshape route networks. The volatility of fuel prices adds another layer of complexity, directly affecting operating costs and profit margins for airlines. In response, carriers are reassessing their fleet strategies, focusing on cost optimization and route efficiency by investing in more fuel-efficient aircraft or adjusting capacity to better align with demand. These strategic adjustments are vital for maintaining competitiveness in an increasingly dynamic market. Industry Adaptation and Innovation Competitors are responding to these pressures by expanding their narrow-body fleets or enhancing existing routes to capture a larger share of the market. This competitive environment highlights the critical need for ongoing innovation in engine technology and aircraft design. Manufacturers and airlines alike are striving to balance efficiency, reliability, and cost amid persistent industry challenges. As the narrow-body segment continues to develop, advanced engine families such as the CFM56 and LEAP remain central to supporting airlines in navigating the evolving opportunities and obstacles within the global aviation landscape.

Turkish Technic and Pegasus Airlines Expand A320neo Maintenance Partnership Turkish Technic, a prominent global provider of aircraft maintenance, repair, and overhaul (MRO) services, has signed two new contracts with Pegasus Airlines to support the maintenance of the latter’s Airbus A320neo fleet. These agreements, announced this week, encompass landing gear overhaul and base maintenance services, marking a significant extension of the longstanding collaboration between the two leading Turkish aviation companies. Details of the Maintenance Agreements Under the terms of the renewed contracts, Turkish Technic will undertake comprehensive landing gear overhaul services for Pegasus Airlines’ A320neo aircraft over a six-year period. In addition, Turkish Technic will provide continuous base maintenance support on two dedicated lines, beginning in Fall 2025 and continuing through Winter 2026. This arrangement is designed to enhance operational efficiency and ensure the reliability of Pegasus’s fleet as it continues to expand. Context Within the European MRO Market The timing of this partnership expansion coincides with a period of rapid growth and intensifying competition within the European MRO sector. Industry forecasts anticipate significant aftermarket expansion by 2025, with key players such as Nayak Aircraft Services, Nordic MRO, and Airhub Aviation investing heavily in advanced capabilities. This evolving competitive landscape is expected to influence pricing structures and service standards, while regulatory authorities remain vigilant to maintain fair competition and uphold stringent safety requirements. Turkish Technic’s recent integration into Rolls-Royce’s aftermarket network, coupled with the inauguration of a new facility near Istanbul, has further strengthened its position in the European market. However, these developments also invite heightened competitive pressures from both regional and international MRO providers, many of whom are pursuing strategic partnerships or investing in cutting-edge maintenance technologies to secure market share. Statements from Leadership Both companies underscore the strategic importance of their partnership in bolstering Turkish aviation’s global standing. Mikail Akbulut, CEO and Board Member of Turkish Technic, remarked, “We are delighted to reinforce our partnership with Pegasus Airlines through these new agreements. For 20 years, we have expanded our services to provide the highest quality maintenance for Pegasus Airlines. We sincerely appreciate Pegasus Airlines’ steadfast confidence in our expertise as we reinforce Türkiye’s position in the global aviation industry together.” Echoing this sentiment, Güliz Öztürk, CEO of Pegasus Airlines, stated, “We are very pleased to further strengthen our long-standing collaboration with Turkish Technic through these new agreements covering our A320neo fleet. Strong technical capabilities, efficiency, and reliable partnerships form the foundation of steady growth in aviation. This agreement represents not only a step forward for today, but also a reflection of our vision to shape the future of aviation together.” Turkish Technic’s Role in the Aviation Industry Operating as a comprehensive one-stop MRO provider, Turkish Technic offers maintenance, repair, overhaul, engineering, and component supply services across five locations, serving both domestic and international clients. The new agreements with Pegasus Airlines reaffirm the commitment of both companies to advancing Turkish aviation amid a dynamic and increasingly competitive European MRO environment.