UK Announces Plans to Modernize Airspace Design
The UK is advancing plans to modernize its airspace with the introduction of a single entity dedicated to updating airspace… Read More »
Cybersecurity Agency Defending Elections May Face Cuts if Trump Wins
Jen Easterly, Director of the Cybersecurity and Infrastructure Security Agency (CISA), leads the agency responsible for protecting U.S. infrastructure and… Read More »
TAP Air Portugal’s Share Capital Reduced by Lisbon
The Portuguese government, through the state-owned assets oversight board (Direção Geral do Tesouro e Finanças – DGTF), has recently approved… Read More »
Brazil’s Azul Faces Investor Challenges, Needs $400M
Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) is currently navigating a challenging financial landscape as it seeks to raise… Read More »
Spirit Airlines Stock Surges 16% After Announcing Job Cuts and Aircraft Sales
Spirit Airlines shares rose 16% on Friday, closing at $2.79, after the budget carrier unveiled a plan to reduce costs… Read More »
Viking Orders Two New Cruise Ships from Fincantieri
Viking has announced an exciting expansion of its fleet by ordering two new cruise ships from Fincantieri, one of the… Read More »
Putin Approves Transfer of Fraport’s 25% Stake in Pulkovo Airport
Russian President Vladimir Putin has approved the transfer of Fraport’s 25% stake in St. Petersburg’s Pulkovo Airport to an unnamed… Read More »
Air France-KLM Considers Options in TAP Privatization, Open to Minority Stake
Air France-KLM has expressed interest in participating in the privatization of Portugal’s national carrier, TAP Air Portugal, and is open… Read More »
New Boeing CEO Aims for Leaner Operations Amid $6B Loss
Boeing’s new CEO, Kelly Ortberg, has outlined an ambitious vision for a leaner future as the company grapples with a… Read More »
Qantas Expects No Customer Impact from Planned Engineers’ Strike
Qantas Airways announced on Friday that it does not anticipate disruptions to customer services due to an ongoing strike by… Read More »
Qantas Raises Revenue Forecasts, Shares Reach Record High on Strong Demand
Qantas Airways has increased its first-half domestic revenue expectations, driven by strong travel demand in Australia. The airline, led by… Read More »
Embraer CEO Discusses New Aircraft Development Plans
Brazilian aircraft manufacturer Embraer is exploring the possibility of developing a new jet, as CEO Francisco Gomes Neto revealed in… Read More »
Spirit AeroSystems to Furlough 700 Amid Boeing Strike
Spirit AeroSystems, a key supplier to Boeing, announced plans to furlough approximately 700 employees as the machinist strike at Boeing… Read More »
Southwest Airlines and Elliott Reach Deal to Keep CEO
Southwest Airlines has entered into a significant agreement with activist hedge fund Elliott Investment Management, successfully averting a potential proxy… Read More »
American Airlines Boosts 2024 Profit Forecast Amid Losses
American Airlines has announced a third-quarter loss but has simultaneously raised its profit forecast for the year, signaling that its… Read More »
Southwest Airlines Exceeds Profit Estimates, Sees Q4 Revenue Growth
Southwest Airlines has reported a third-quarter profit that, while lower than the previous year, surpassed Wall Street expectations as the… Read More »
Boeing’s Starliner Faces $1.85 Billion Loss Amid Persistent Delays and Issues
Boeing’s CST-100 Starliner program has reached a significant financial toll, with the aerospace giant now facing $1.85 billion in losses… Read More »
Spirit AeroSystems’ Losses Widen as Cash Reserves Drop Amid Boeing Strike
Spirit AeroSystems reported mounting losses in its third-quarter earnings, with net losses reaching $217 million, more than double the $101… Read More »
Frontier Airlines Eyes New Bid for Spirit Airlines
Frontier Airlines is reportedly considering a renewed bid for Spirit Airlines, according to a recent article by the Wall Street… Read More »
Joby Aviation Launches $200M Stock Offering to Fund 2025 Air Taxi Rollout
Electric air taxi startup Joby Aviation has launched a $200 million public offering to support its goal of rolling out… Read More »
Carnival Cruise President Skydives for Hurricane Relief
Carnival Cruise Line President Christine Duffy took a thrilling leap this week, skydiving over Tampa Bay to raise funds for… Read More »
Boeing Machinists Reject Labor Deal, Extend Strike
Boeing machinists have voted against a new labor contract, resulting in an extended strike that has now lasted over five… Read More »