LATAM Airlines Secures $1.4 Billion to Reduce Debt
LATAM Airlines Group has successfully issued secured notes totaling USD 1.4 billion, maturing in 2030 with an annual interest rate… Read More »
Southwest Director Rakesh Gangwal Invests $100 Million
Rakesh Gangwal, the co-founder of IndiGo and newly appointed director at Southwest Airlines, has made a significant investment by purchasing… Read More »
Rethinking Tourism: The Push for Off-Peak Travel Benefits
In 2019, the global travel industry hit a milestone with 1.4 billion international tourist arrivals, but the massive influx exposed… Read More »
King Fahd International Airport: Gateway to Eastern Saudi Arabia
King Fahd International Airport, situated in Dammam, the capital of the Eastern Province of Saudi Arabia, serves as a critical… Read More »
Former Thai Airways Chairman Faces Corruption Charges
Thanong Biday, the former Thai finance minister and ex-chairman of Thai Airways International (TG, Bangkok Suvarnabhumi), appeared in a Bangkok… Read More »
Kenya Airways’ $150M Loan Converted to Treasury Bonds
A consortium of Kenyan commercial banks is set to convert KES19.3 billion (USD150 million) in loans to Kenya Airways into… Read More »
Boeing Machinists’ Strike Continues as Talks Fail to Resolve Key Issues
The International Association of Machinists and Aerospace Workers (IAM) announced that recent mediation efforts to resolve the ongoing machinists’ strike… Read More »
Boeing Workers Strike Amid Health Insurance Cuts and Labor Disputes
The union representing 33,000 striking Boeing workers across Washington, California, and Oregon has expressed strong discontent after the company cut… Read More »
Deutsche Aircraft Partners for D328eco Production Facility
Deutsche Aircraft has announced a significant partnership for the construction of its production facility dedicated to the new D328eco, a… Read More »
Global Airline Seat Capacity to Rise in Q4 2024
The global airline industry is set to expand its capacity significantly in the fourth quarter of 2024, with a projected… Read More »
Global Airlines Add Over 4,200 New Routes
The International Air Transport Association (IATA) has revealed that airlines worldwide operated more than 67,000 scheduled routes in 2023, introducing… Read More »
Southwest Airlines Loses Bid to Maintain Lease at San Antonio Airport
On September 30, a U.S. federal judge ruled against Southwest Airlines’ request to keep its expiring lease agreement with San… Read More »
Gulf Air Struggles Amid Intense Competition
Gulf Air, established in 1950, serves as the national carrier of the Kingdom of Bahrain. Operating from its hub at… Read More »
Qatar Airways Acquires 25% Stake in Virgin Australia
Qatar Airways Group has announced its acquisition of a 25% stake in Virgin Australia (VA, Brisbane International), solidifying an existing… Read More »
Boeing Strike Threatens Supplier Jobs and Delays Investments
The Boeing strike, which began on September 13 with 30,000 machinists walking off the job, is causing significant disruption among… Read More »
ITA Airways Revives Alitalia Brand Amid Growth Surge
ITA Airways, the Italian flag carrier, has released its financial results for the first half of 2024, showing a marked… Read More »
Textron Aviation Halts Health Insurance Amid Strike
Textron Aviation has announced that it will temporarily suspend health insurance for striking workers at its Wichita, Kansas facility, as… Read More »
Southwest Airlines and World Travel Launch Cruise Booking Site
Southwest Airlines has partnered with World Travel Holdings to launch Southwest Cruises, a new cruise booking platform accessible through SouthwestCruises.com…. Read More »
Former Far Eastern Air Transport Chairman Sentenced for Fraud
Zhang Gangwei, the former chairman of Far Eastern Air Transport, was sentenced to 14 years in prison by the Taipei… Read More »
California Governor Vetoes AI Bill Citing Innovation Concerns
California Governor Gavin Newsom has vetoed Senate Bill 1047, aimed at preventing catastrophic harms from large AI systems. Newsom expressed… Read More »
Lufthansa Cuts Service to Beijing Amid Route Profitability Issues
Lufthansa has become the latest European airline to suspend services to mainland China, citing ongoing challenges related to route profitability… Read More »
LATAM Airlines Group Explores Refinancing Options for Debt
LATAM Airlines Group has announced plans to refinance its USD 450 million 13.375% Senior Secured Notes due in 2027, as… Read More »