SpiceJet Promoter to Divest 10% Stake in Effort to Raise Funds
SpiceJet’s managing director and primary promoter is poised to sell a 10% share of his stake in the airline, aiming… Read More »
Volotea and Abra Cancel JV After IAG’s Failed Air Europa Acquisition
Spanish low-cost carrier (LCC) Volotea and Abra Group, the parent company of Avianca and GOL, have decided to end their… Read More »
Elliott Investment Management Proposes Major Board Overhaul at Southwest Airlines
Elliott Investment Management is intensifying its campaign at Southwest Airlines by proposing to replace a majority of the airline’s board… Read More »
Azul Sees Improving Trends After A Tough Second Quarter
Azul S.A., the leading Brazilian airline, is beginning to witness positive shifts in its financial and operational performance during the… Read More »
Cathay Group Announces HK$100 Billion Investment to Boost Fleet and Enhance Hong Kong’s Aviation Hub
Cathay Group, the conglomerate behind Cathay Pacific and HK Express, has unveiled plans to invest over HKD100 billion (approximately USD12.8… Read More »
Qantas Board Imposes A$9.26 Million Pay Cut on Former CEO Alan Joyce
The board of Qantas, Australia’s flagship carrier, has imposed a significant reduction in the final remuneration of its former CEO,… Read More »
AirAsia X Simplifies Acquisition Strategy for Capital A’s Aviation Assets
AirAsia X (D7, Kuala Lumpur International) has opted to simplify its acquisition process by directly purchasing the aviation businesses of… Read More »
US Court Suspends Class Action Against Western Global Airlines
The US District Court of Delaware has indefinitely suspended a class action lawsuit against Western Global Airlines (KD, Fort Myers… Read More »
Canada to Invest C$9.5 Million in Perimeter Aviation Terminal Expansion
Perimeter Aviation (JV, Winnipeg International) is set to receive CAD9.5 million (USD6.9 million) from the Canadian government’s National Trade Corridors… Read More »
South African Airways Faces Audit Dispute Over Ticket Revenue Delays
South African Airways (SA, Johannesburg O.R. Tambo) has revealed a disagreement with South Africa’s Auditor General regarding the accounting treatment… Read More »
Court Ruling Increases Pressure on India’s SpiceJet Over Unpaid Leases
SpiceJet (SG, Delhi International) faces mounting pressure as two engine lessors, Team France 01 SAS and Sunbird France 02 SAS,… Read More »
PIA Loses $78 Million from Delayed Aircraft Maintenance
Pakistan International Airlines (PIA) has incurred a financial loss of PKR 21.8 billion (USD 78.2 million) due to delayed maintenance… Read More »
Airbus Struggles to Capitalize on Boeing’s Challenges Amid Supplier Issues
Airbus is facing unexpected hurdles as it tries to leverage Boeing’s current vulnerabilities, according to Christian Scherer, head of the… Read More »
Spirit AeroSystems CEO Patrick Shanahan to Receive $28.5 Million Exit Package Following Boeing Merger
Patrick Shanahan, CEO of Spirit AeroSystems, is set to receive a substantial $28.5 million payout as the company finalizes its… Read More »
Philippines’ AirSWIFT Confirms Sale Talks with Multiple Airlines, Including Cebu Pacific
Philippines-based boutique airline AirSWIFT (T6, Manila Ninoy Aquino International) has confirmed that it is in discussions with several potential buyers,… Read More »
SAA Postpones Annual Report Submission to Resolve Audit Disputes and Enhance Funding Prospects
South African Airways (SAA), headquartered at Johannesburg O.R. Tambo, has delayed the finalization of its 2023/2024 annual report. This decision… Read More »
GE Pension Threats Highlight Risks in Transfers to Insurers and Spinoffs
General Electric Co. (GE) and its spinoffs are facing mounting legal challenges from pension plan participants, a situation that underscores… Read More »
Tesla Shareholders Urge Board to Invest $5 Billion in Elon Musk’s AI Startup
A growing group of Tesla shareholders is advocating for a significant strategic move: a $5 billion investment in xAI, the… Read More »
JetBlue Faces Ratings Downgrade Amid New Debt Pursuit
JetBlue Airways (JBLU) is forging ahead with plans to take on $2.75 billion in new debt, despite facing a significant… Read More »
CommuteAir Receives FAA Approval to Operate E170 for Charter Flights
CommuteAir, based in Cleveland Hopkins, has been granted certification by the United States Federal Aviation Administration (FAA) to operate its… Read More »
Delta Air Lines Faces $550 Million Loss from CrowdStrike Outage, Plans Legal Action
Delta Air Lines disclosed on Thursday that last month’s massive outage caused by CrowdStrike resulted in a financial blow of… Read More »
Frontier Airlines Adjusts Growth Strategy, Delays A320neo Aircraft Deliveries, and Cancels XLR Orders
Frontier Airlines has modified its fleet expansion plans, reaching an agreement with Airbus to postpone the delivery of 54 aircraft… Read More »