While airlines are reporting a strong demand environment going into the northern hemisphere summer, the full restoration of global airline networks is likely years away, IATA DG Willie Walsh told Aviation Week Network editors.

VietJet achieved robust profit growth in the 2022 first quarter, thanks to the airline’s restored domestic flights and the start of more international services.

Luxembourg startup FlyLux Airlines is planning to become active in wet-lease, charter and cargo flying, operating Airbus A320neo-family aircraft.

Dublin-based lessor Avolon said it had recognized an impairment of $304 million against its exposure to the Russian market during the first quarter, reducing the carrying value of its 10 owned aircraft in the country to zero.  

Icelandic lessor Icelease and U.S. private-investment firm Corrum Capital Management have secured $40 million in funding to acquire three Boeing 737-800s for cargo conversion.

Plans to establish North America’s first mega-ULCC remain in place after Spirit Airlines rejected a revised takeover bid from JetBlue Airways in favor of an earlier offer from Frontier Airlines.

Australian carrier Rex has reached an agreement to become Delta Air Lines’ new partner in the Australian market.

Long-haul LCC French bee plans to launch a Paris-Miami service in December 2022, after taking delivery of its sixth Airbus A350 aircraft in winter 2022.