LATAM Invests $100 Million to Upgrade Premium Economy

Madagascar Airlines Renews CEO’s Contract to Ensure Continuity Madagascar Airlines has officially extended the mandate of its Chief Executive Officer, Thierry de Bailleul, in a move designed to preserve stability and continuity as the airline advances its ambitious “Phenix 2030” transformation plan, supported by the World Bank. The airline underscored the critical importance of sustained leadership during this pivotal phase of restructuring in an official statement. At the request of the Malagasy State and the Board of Directors, de Bailleul agreed to prolong his tenure, emphasizing that the extension is not merely a contractual formality but a strategic decision to maintain momentum in ongoing initiatives. He stated, “This extension is not about a title or a contract—it is about ensuring continuity in the work already underway, under the stewardship of the board and the government. And just as importantly, it is about making sure that we have the means to secure that continuity.” Navigating a Challenging Operating Environment The renewal of de Bailleul’s leadership comes as Madagascar Airlines contends with a complex and evolving operating environment characterized by heightened competition, shifting market dynamics, and potential regulatory challenges. Industry analysts suggest that retaining the current CEO may reassure investors and stakeholders, signaling a commitment to stability amid significant organizational changes. Meanwhile, competitors are likely to intensify their strategic efforts to safeguard their market positions in response. The airline’s transformation is underpinned by a World Bank financing package totaling USD 65 million, with USD 25 million already disbursed. Negotiations are ongoing for an additional USD 80 million, which would be allocated equally between the airline and aviation infrastructure projects. The release of these funds depends on several critical conditions, including the approval by the Commercial Court in Antananarivo of Madagascar Airlines’ April 18, 2025, offer to acquire the assets of the former Air Madagascar and its subsidiary Tsaradia. Furthermore, the exemption of import duties on aircraft and equipment, although approved by Malagasy authorities, remains pending implementation. Strategic Asset Acquisition and Operational Streamlining The planned acquisition of assets aims to terminate the existing lease-management agreement between Madagascar Airlines and the former entities, thereby streamlining operations and enhancing the carrier’s long-term sustainability. According to ch-aviation data, Madagascar Airlines currently operates a fleet of five aircraft, comprising four ATR72-500s and one ATR72-600. This announcement follows recent media speculation regarding de Bailleul’s departure, which the airline promptly refuted. The extension of his mandate is expected to provide essential continuity as Madagascar Airlines pursues its comprehensive turnaround strategy amid ongoing industry challenges.

UAMCO Collaborates with Ramco Systems on Aviation Software Implementation Partnership to Enhance Engine Maintenance and Materials Management United Aerospace Maintenance Company (UAMCO), a Cyprus-based maintenance, repair, and overhaul (MRO) provider established in 2022, has entered into a strategic partnership with Ramco Systems to deploy an advanced aviation software platform. Specializing in servicing LEAP engines, including the CFM International SA LEAP-1A and LEAP-1B models, UAMCO aims to leverage this collaboration to streamline its engine maintenance operations and materials management processes. The implementation of Ramco’s integrated aviation software is expected to significantly improve UAMCO’s operational efficiency and workflow management. The platform offers a comprehensive suite of modules encompassing engineering, maintenance, supply chain, MRO sales, employee management, safety, quality, compliance, and finance. Notably, the system supports engine maintenance down to the piece-part level, providing full transparency into costs and revenues. John Savvides, CEO of UAMCO, emphasized that Ramco’s solution was selected for its robust maintenance and materials management capabilities. He further highlighted the anticipated benefits, including enhanced resource management, improved customer engagement, and the facilitation of paperless operations through mobile applications and integrated portals. Industry Context and Market Dynamics UAMCO’s adoption of Ramco’s software occurs amid increasing competition within the aviation and MRO software sector. Recent challenges faced by the charter industry, coupled with acquisitions of MRO software providers by major players such as AAR and Arcadea, have intensified scrutiny on the efficiency and integration capabilities of emerging platforms. As technological advancements continue to reshape the industry, market observers are closely monitoring how effectively UAMCO and Ramco can deliver seamless integration and operational improvements. This competitive environment is likely to prompt rival firms to accelerate enhancements to their own software offerings, reflecting broader trends seen in related sectors, such as AeroVironment’s recent expansion into the U.S. Army drone market. Ramco Systems’ Global Footprint and Market Performance Headquartered in Chennai, Ramco Systems serves over 800 customers worldwide with its cloud and mobile-based enterprise software solutions. Its aviation platform currently manages more than 4,000 aircraft across more than 90 aviation organizations, including airlines, third-party MRO providers, and defense entities. The partnership between UAMCO and Ramco was facilitated by the business partner AiAppsData. On the financial front, Ramco Systems’ shares closed at ₹427.20 on the National Stock Exchange (NSE), reflecting a decline of ₹2.80 or 0.65 percent.

Kuehne+Nagel and MTU Deepen Partnership with New Zhuhai Fulfilment Centre Kuehne+Nagel and MTU Maintenance Lease Services (MLS) have expanded their longstanding collaboration through the inauguration of a new fulfilment centre in Zhuhai, China. This facility, situated within the Guangdong–Hong Kong–Macao Greater Bay Area, is designed to enhance the supply chain for aero engine parts across the region, reinforcing MLS’s global logistics capabilities and the strategic partnership between the two companies. Strategic Expansion in the Asia-Pacific Region The Zhuhai centre is strategically positioned to serve customers throughout China and the broader Asia-Pacific (APAC) region, complementing MLS’s existing parts hubs in the Netherlands and the United States. This development integrates into a globally connected logistics network, enabling rapid and reliable access to critical engine components. Operated by Kuehne+Nagel, the facility adheres to stringent standards of speed, compliance, and reliability. It features bonded storage and offers same-day or 24-hour dispatch throughout the year, ensuring continuous support for urgent line-replaceable-unit (LRU) requirements and time-sensitive operations such as aircraft-on-ground (AOG) scenarios. Damian Raczynski, Head of Contract Logistics at Kuehne+Nagel Asia Pacific, emphasized the importance of this collaboration, stating, “MLS operates in a highly dynamic and time-sensitive environment, and we are proud to provide the logistics expertise that supports their global operations and responsiveness.” Patrick Biebel, Managing Director of MLS, highlighted the strategic value of the new centre, noting, “With fulfilment centres strategically located around the globe, we are uniquely positioned to respond swiftly to customer needs, no matter where they are. The Zhuhai facility exemplifies our commitment to providing rapid and reliable access to essential engine parts, minimising operational downtime and ensuring efficient support for our customers within China and the APAC region.” Navigating Challenges and Industry Pressures Despite the advantages offered by the new facility, the expansion into China presents significant challenges. Both Kuehne+Nagel and MTU must navigate a complex regulatory landscape, manage potential supply chain disruptions, and ensure the seamless integration of digital technologies to maintain operational efficiency. Furthermore, the move intensifies competition within the aerospace logistics sector, as rival providers may respond with enhanced service offerings or strategic alliances to safeguard their market positions. The Zhuhai warehouse not only aims to provide faster and more reliable access to parts for regional customers but also reflects the increasing pressure within the aerospace industry to deliver superior logistics solutions. As the sector continues to evolve, Kuehne+Nagel’s commitment to scalable, end-to-end logistics—combining global reach with local execution—remains central to its strategic approach. The strengthened partnership and the establishment of the new fulfilment centre represent a significant milestone in both companies’ efforts to meet the growing demands of the aerospace market in China and the wider APAC region, while effectively managing the complexities and competitive dynamics inherent in the industry.

Kenya Airways Secures $50 Million Bridge Loan Amid Delayed $500 Million Capital Injection Kenya Airways has obtained a $50 million short-term loan from local commercial banks to address immediate working capital requirements, including the procurement of spare parts and engine servicing. This bridge financing comes as the airline experiences delays in securing a $500 million capital injection from a strategic investor. The delay is attributed to pending regulatory approval of the airline’s investment memorandum by the government, which holds a 49% stake in the carrier. This approval is a necessary step before the capital-raising initiative can proceed. Group CEO Allan Kilavuka acknowledged the challenges during the presentation of the airline’s financial results for the six months ending June 30, 2025. He stated, “We had hoped to close this in 2024, but are currently waiting for approval from the main shareholder. We are not just sitting pretty; we have opted for bridge financing to help us in the current environment.” The planned $500 million recapitalisation is considered vital for stabilising liquidity, supporting fleet expansion, and diversifying revenue streams. However, the process faces potential regulatory and financial obstacles, with investor confidence remaining cautious as they await clearer indications of Kenya Airways’ financial stability and strategic direction. Financial Performance and Operational Challenges Kenya Airways reported a return to losses in the first half of 2025, posting an after-tax loss of KES 12.15 billion ($94 million), a significant reversal from a KES 513 million ($4 million) profit in the same period the previous year. Revenue declined by nearly 19% to KES 74.5 billion ($577 million), reflecting a 14% drop in passenger numbers and a 16% reduction in available seat capacity. Operational difficulties included the temporary grounding of three Boeing 787-8 aircraft—accounting for one-third of the airline’s widebody fleet—due to global supply chain disruptions and engine shortages. One of these aircraft returned to service in July, with the remaining two expected to resume operations later in the year. Despite a 4.6% reduction in costs to KES 86.7 billion ($671 million), Kilavuka highlighted ongoing challenges posed by global supply chain constraints. He noted that demand for original equipment spare parts exceeds supply by 10-20%, with delivery disruptions affecting approximately 40% of airlines worldwide. Kenya Airways had initially planned to add four narrowbody aircraft in 2025 but succeeded in introducing only one Boeing 737-800, bringing the group’s total fleet to 42 aircraft. This fleet comprises 33 planes under Kenya Airways and nine De Havilland Canada DHC-8-Q400s operated by its low-cost subsidiary, Jambojet. Strategic Outlook and Market Context Looking ahead, Kenya Airways faces both internal operational challenges and intensifying competition within the African aviation sector. Competitors such as Air Mauritius and Azul are also undergoing financial restructurings, and a successful capital injection could enable Kenya Airways to expand its operations, potentially triggering competitive responses across the region. Kilavuka emphasised the airline’s strategic priorities, stating, “Our focus remains clear: restoring full fleet capacity, advancing cost optimisation, and completing our capital raising programme to strengthen our balance sheet. These measures will ensure we emerge stronger, leaner, and better positioned to deliver long-term value for our shareholders, customers, and partners.” The current Kenya Airways fleet includes nine Boeing 737-800 narrowbodies, nine Boeing 787-8 widebodies, eleven Embraer 190 regional jets, and four cargo aircraft comprising two Boeing 737-300SF and two Boeing 737-800SF freighters.

Qantas Reports $2.4 Billion Profit Amid Strong Travel Demand Qantas Airways Ltd. has announced a 15% increase in its full-year profit, reaching A$2.4 billion (US$1.6 billion), driven by robust travel demand and record passenger numbers for its low-cost subsidiary, Jetstar. CEO Vanessa Hudson noted that domestic corporate travel is approaching pre-pandemic levels, while premium international seating continues to experience high demand. This strong financial performance aligns with a broader global recovery in air travel, supported by data from IndexBox indicating sustained growth in passenger volumes worldwide. In response to its solid results, Qantas declared a base dividend of A$250 million alongside a one-off payment of A$150 million to shareholders. The airline also announced that approximately 25,000 employees will receive A$1,000 in shares as part of its staff reward program. Furthermore, Qantas revealed an order for 20 additional Airbus A321XLR aircraft, aimed at modernizing its fleet to better serve longer domestic and short-haul international routes. This strategic investment has bolstered investor confidence, with Qantas shares rising as much as 14% in early Sydney trading, pushing the airline’s market capitalization to A$18.3 billion. Challenges and Competitive Pressures Despite its financial gains, Qantas faces increasing competition and reputational challenges. Rival Virgin Australia has been maintaining a lower flight cancellation rate, potentially threatening Qantas’ market share. Additionally, Cathay Pacific’s recent profit growth and substantial Boeing jet order have intensified competition within the Asia-Pacific aviation sector. Qantas is also contending with the repercussions of past legal and reputational issues. The Federal Court of Australia recently imposed a record fine of A$90 million (US$59 million) on the airline for the unlawful dismissal of nearly 2,000 ground staff during the pandemic. The company continues to make compensation payments related to this case. CEO Vanessa Hudson reiterated the airline’s apology and stressed Qantas’ commitment to transforming its corporate culture. As Qantas moves forward with fleet renewal and shareholder and employee rewards, it must carefully navigate a competitive environment while addressing the lingering effects of previous controversies. The airline’s future growth will depend not only on sustained travel demand but also on its ability to respond effectively to industry competition and rebuild stakeholder trust.

Dubai Airshow 2025 to Highlight Advanced Air Mobility and eVTOL Technology The Dubai Airshow 2025, set to take place from 17 to 21 November at Dubai World Central, will place Advanced Air Mobility (AAM) and electric vertical takeoff and landing (eVTOL) technology at the forefront of the global aviation agenda. As Dubai prepares to launch electric flying taxi services as early as 2026, the event is expected to bring together over 1,500 exhibitors, more than 200 aircraft, and 350 expert speakers across 12 conference tracks. This will mark the largest and most diverse showcase of AAM innovations to date. AAM Pavilion and Industry Leadership A central feature of the airshow will be the AAM Pavilion, which will display full-scale eVTOLs and drones, several of which are slated for live demonstrations. The pavilion will host major aircraft unveilings, technology debuts, and panel discussions designed to accelerate the commercial adoption of these emerging technologies. Leading companies such as Archer Aviation, Joby Aviation, and Inventechs will headline the Aviation Mobility Stage, presenting their latest aircraft developments and market strategies. Other exhibitors, including Autocraft, Eanan, and WeFly, will highlight innovations that are shaping the future of urban air mobility. Anthony Khoury, General Manager – UAE at Joby Aviation, emphasized the significance of the event, stating, “The Dubai Airshow’s focus on AAM reflects the UAE’s leadership in a new era of flight. We are proud to showcase our progress toward quiet, clean, and fast air travel.” Similarly, Waleed Alblooshi, Director of Corporate Communications at K2, remarked, “Through Autocraft, we are demonstrating how eVTOL innovation can transform urban mobility, support sustainability goals, and inspire the next generation of Emirati talent.” Emerging Players and Regional Growth The 2025 airshow will also welcome first-time AAM exhibitors such as Sarla Aviation from India and TransFuture Aviation from China, underscoring rapid advancements in infrastructure, regulation, and certification across the region. The AAM program will be inaugurated by H.E. Saif Mohammed Al-Suwaidi, Director General of the UAE’s General Civil Aviation Authority, who will outline the nation’s roadmap for connected and sustainable airspace. Keynote addresses from Adam Goldstein, CEO of Archer Aviation, and JoeBen Bevirt, CEO of Joby Aviation, alongside insights from Omran Malek of the Abu Dhabi Investment Office, will further enrich the discourse. Infrastructure development will also be a focal point, with Skyports, a leading vertiport developer, highlighting its role in the ecosystem. The company is currently constructing its first commercial vertiport near Dubai International Airport. Damian Kysely, Head of EMEA at Skyports Infrastructure, noted, “The Dubai Airshow provides the perfect platform to demonstrate the importance of vertiports in a thriving AAM ecosystem.” Market Challenges and Regulatory Considerations Despite the enthusiasm surrounding AAM and eVTOL technologies, the sector faces significant challenges. Investor concerns regarding potentially inflated eVTOL stock valuations have raised the possibility of a market correction. The competitive landscape is also shifting, with growing interest in hybrid eVTOL models and companies seeking to expand into emerging markets such as Vietnam’s business aviation sector. Additionally, regulatory gaps remain a critical hurdle for eVTOL integration, as highlighted by recent studies in the UK. These challenges are prompting industry players to leverage regulatory insights strategically to navigate the evolving market environment. Dubai Airshow 2025 is thus positioned as a pivotal event, offering a global platform for innovation and collaboration while addressing the complexities of a rapidly evolving and competitive aviation sector.

Menzies Aviation Acquires G2 Secure Staff to Expand U.S. Operations Menzies Aviation, a subsidiary of Agility Global, has completed its acquisition of G2 Secure Staff for US$305 million, marking a significant expansion of its footprint in the United States. This strategic move solidifies Menzies’ position as the world’s largest aviation services provider, now operating across 350 airports in 65 countries with a workforce of 65,000 employees. The acquisition is expected to increase group revenue by 20%, pushing annual turnover beyond US$3.1 billion based on 2024 projections. Expansion of U.S. Presence and Service Capabilities With the integration of G2 Secure Staff, Menzies becomes the leading aviation services provider by the number of airports served in the United States, the largest aviation market globally. The merger effectively doubles Menzies’ U.S. operations to over 110 locations, including key hubs such as Hartsfield-Jackson Atlanta International, Los Angeles International, and Denver International airports. This expanded network enhances Menzies’ service portfolio, combining G2’s strengths in ground services, passenger assistance, and cabin cleaning with Menzies’ existing expertise in ground handling, air cargo, and fuel services. John Redmond, Executive Vice President Americas at Menzies, will continue to oversee the region, with G2’s senior management integrated into his leadership team. The rebranding of G2’s operations under the Menzies Aviation name will commence immediately. The company plans to implement its global standards for training, safety, sustainability, and technology across all newly acquired operations to ensure a seamless transition for employees, customers, and partners. Strategic Objectives and Industry Challenges Executives emphasize that the acquisition is driven not only by scale but also by the goal of building a high-readiness infrastructure capable of meeting increasing airline demand for comprehensive, multi-airport service coverage. The deal is anticipated to generate new employment opportunities and facilitate workforce upskilling, leveraging G2’s expertise to elevate service standards both within the U.S. and internationally. Nonetheless, the integration presents challenges, including the alignment of corporate cultures and operational systems amid a competitive and rapidly evolving industry landscape. Competitors such as Bombardier, which is also expanding its U.S. service centers, may accelerate their growth strategies in response to Menzies’ expansion. The broader aviation services sector continues to face pressures related to talent acquisition, regulatory changes, and the imperative for technological innovation. Market analysts suggest that Menzies’ aggressive expansion could attract increased investor interest as the company positions itself for sustained growth in a dynamic market environment. The firm’s commitment to advancing training, safety, sustainability, and technology is viewed as critical to maintaining its leadership position and addressing the evolving needs of airlines and airports worldwide.

France and U.S. Address Strikes and Aircraft Production as Boeing Speeds Ryanair Deliveries Aviation Sector Challenges and Boeing’s Accelerated Delivery The aviation industry in France and the United States is currently grappling with significant disruptions, including air traffic control strikes and production delays. Against this backdrop, Ryanair is set to benefit from Boeing’s decision to expedite the delivery of 25 new aircraft, including the 737 MAX model. Originally scheduled for spring 2026, these deliveries will now be completed by October 2024, providing a timely reinforcement to Ryanair’s fleet as the airline contends with operational challenges. This acceleration represents a critical development for both Ryanair and Boeing. Ryanair’s CEO, Michael O’Leary, confirmed the updated delivery timeline, emphasizing Boeing’s commitment to overcoming recent difficulties. The U.S. manufacturer has been under intense scrutiny following a mid-air panel blowout incident involving a 737 MAX in January 2024, which raised concerns about production quality and safety standards across the industry. In response, Boeing has intensified efforts to enhance quality control and stabilize its production processes. Boeing’s Recovery and Ryanair’s Strategic Expansion Boeing’s recent financial results indicate progress in its recovery. The company reported a 35% year-over-year increase in revenue for the second quarter, reaching $22.7 billion, driven largely by a surge in commercial aircraft deliveries. With 280 aircraft delivered in the first half of the year—the highest volume since 2018—Boeing appears to be regaining momentum despite ongoing regulatory challenges and labor disputes. Industry analysts, including BOC Aviation, have observed a return to more predictable delivery schedules from both Boeing and Airbus, even as labor tensions persist. For Ryanair, the early delivery of these aircraft is vital. The airline has placed an order for 210 Boeing 737 MAX jets, aiming to replace older models and expand its capacity to meet growing demand for affordable travel across Europe. The additional planes will help Ryanair maintain operational stability and reduce disruptions, particularly in light of frequent strikes in France. In July alone, Ryanair was compelled to cancel approximately 700 flights, primarily due to industrial action. O’Leary expressed optimism that the latest 737 MAX models will soon receive certification from the U.S. Federal Aviation Administration (FAA), a crucial step that would enable the new jets to enter commercial service. This certification is expected to bolster Ryanair’s efforts to increase market share and improve the travel experience amid a challenging European aviation environment. As France and the United States continue to address labor disputes and production challenges, Boeing’s accelerated deliveries to Ryanair highlight a broader recovery within the aviation sector, offering a degree of stability for airlines and passengers alike.

Aircraft Shortage Threatens Thai Airways’ Expansion Plans Thai Airways International Plc faces potential delays in its ambitious expansion strategy due to a persistent shortage of passenger aircraft, according to Chief Executive Chai Eamsiri. The airline is currently struggling to acquire sufficient wide-body jets necessary to support its planned growth in European services. As an interim measure, Thai Airways is relying on leased aircraft until new deliveries are expected to commence in 2027. Supply Constraints and Operational Challenges Speaking at the Thailand Focus 2025 conference in Bangkok, Mr. Chai underscored the global bottleneck in aircraft supply, with major manufacturers Boeing and Airbus unable to keep pace with rising demand. This shortage has forced airlines worldwide to retain older fleets and incur higher leasing costs, thereby limiting industry expansion and increasing operational expenses. Mr. Chai warned that if Thai Airways cannot secure leases for new wide-body aircraft by mid-2026, it may be compelled to suspend the launch of new routes and additional flights. The airline plans to introduce approximately 17 new narrow-body aircraft by the end of 2026, primarily to enhance its Asian network. Strengthening Bangkok’s role as a regional hub for connecting flights to Europe remains a key objective. Currently, Asian routes generate about half of Thai Airways’ revenue, while European services contribute roughly one-third, according to Bloomberg data. The shortage of aircraft presents multiple challenges, including potential delays in delivery schedules, increased costs associated with leasing and maintaining aging planes, and the risk of losing market share to competitors. Rival carriers may respond by adopting aggressive pricing strategies or expanding their own fleets, thereby intensifying competition in critical markets. Industry Outlook and Financial Performance Market analysts note that although aircraft delivery schedules are gradually becoming more predictable, ongoing supply chain disruptions continue to jeopardize expansion plans across the aviation sector. These uncertainties have heightened investor concerns regarding Thai Airways’ financial stability and growth prospects. Despite these obstacles, Mr. Chai expressed cautious optimism about the airline’s near-term performance. He anticipates strong earnings from core operations in the second half of the year, supported by robust passenger demand on routes to Europe, India, and Australia. In the second quarter, Thai Airways reported a net profit of 12.1 billion baht, a significant increase from 306 million baht a year earlier. This improvement was driven by lower finance costs and one-time gains from the termination of aircraft lease agreements. Revenue rose 14 percent year-on-year to 51 billion baht. As the global aviation industry continues to contend with supply limitations, Thai Airways’ ability to secure additional aircraft will be crucial to sustaining its growth trajectory and maintaining its competitive position in the region.

Asia Jet Introduces Malaysia’s First Global 6500 Aircraft Asia Jet Malaysia has marked a significant milestone in the country’s business aviation sector by becoming the first operator to register and operate a Bombardier Global 6500. The brand-new ultra-long-range jet, built in 2024 and registered as 9M-TAN (msn 60159), was delivered from Bombardier’s Montréal Trudeau facility to its new base at Kuala Lumpur Subang between May 24 and 26, with a stopover in Sapporo Chitose. Configured to accommodate up to 15 passengers, the aircraft has been incorporated into Asia Jet’s air operator’s certificate (AOC) and has been available for charter since July 8, actively serving clients across the region. Transition from the Global 5000 to the Global 6500 The introduction of the Global 6500 coincides with the retirement of Asia Jet’s previous long-range model, a 16.5-year-old Global 5000 (msn 9350), which bore the same registration, 9M-TAN, since 2010. The Global 5000 was deregistered following its final flight from Kuala Lumpur Subang to Singapore Seletar on March 27, where it currently remains parked. Although both aircraft are still listed on the company’s website, the future registration status of the Global 5000 remains uncertain. The newly delivered Global 6500 now stands as the sole Global-series jet on Malaysia’s civil aircraft register. Market Context and Corporate Background Asia Jet’s acquisition of the Global 6500 arrives amid intensifying competition and evolving dynamics within the private jet charter industry. Operators in the region are increasingly investing in advanced cabin technologies, such as Starlink connectivity, to enhance passenger experience. At the same time, regulatory scrutiny is tightening, with authorities closely monitoring compliance amid broader industry challenges, including sanctions that may impact aircraft ownership and operations. Recent developments, such as Korean Air’s bid for an air force electronic warfare aircraft based on a similar platform, highlight the shifting landscape and underscore the need for operators like Asia Jet to remain adaptive. As Malaysia’s sole private jet charter operator, Asia Jet functions as a subsidiary of Berjaya Land Berhad, a publicly listed conglomerate with diversified interests in property development, hospitality, and motor retailing. Berjaya Land is part of the larger Berjaya Corporation, which encompasses several other listed subsidiaries across various sectors. Within aviation, the group also owns Berjaya Air, which operates scheduled services from Kuala Lumpur Subang to Penang, Pulau Redang, and Singapore Seletar using ATR42-500 and ATR72-500 aircraft. Berjaya Air additionally operates a Eurocopter SA365 and provides maintenance and hangarage services at Kuala Lumpur Subang. With the induction of the Global 6500, Asia Jet is strategically positioning itself to meet the growing demand for ultra-long-range charter services while navigating the challenges of a competitive and closely regulated market.