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 »
Air Canada Partners with Cadence Consortium to Develop High-Speed Rail in Eastern Canada
Air Canada has announced its partnership with the Cadence consortium, which is currently bidding to construct and manage a High… Read More »
Microsoft Responds to Delta’s Claims Over $500 Million IT Outage Loss
Microsoft has countered Delta Air Lines’ accusations following a massive global IT outage last month that resulted in thousands of… Read More »
JetBlue Sets Pricing for $400 Million Convertible Senior Notes Offering
JetBlue Airways Corporation has announced the pricing of a $400 million convertible senior notes offering, with an additional purchase option… Read More »
US Sanctions Belarusian Cargo Carriers and Lukashenko’s Boeing 767-300ER
The United States has intensified its economic pressure on Belarus by imposing new sanctions on three Belarusian cargo airlines and… Read More »
HK Express Suffers $9.4 Million Loss Amid Pratt & Whitney Engine Troubles
HK Express, a subsidiary of the Cathay Group, reported a significant loss of HKD 73 million (USD 9.4 million) in… Read More »
Genghis Khan Airlines Owner Faces Financial Setbacks as Ukraine Suspends Debt Payments
The parent company of Genghis Khan Airlines, Beijing Tianjiao Aviation Industry Investment Co, also known as Skyrizon, is encountering significant… Read More »
Jeju Air Boosts Short-Term Borrowing Capacity Amid Operational Challenges
Jeju Air, South Korea’s prominent low-cost carrier, has announced a significant increase in its short-term borrowing limit, according to a… Read More »
HondaJet Echelon Gains Traction in Brazil with 30 LOIs Secured
Honda Aircraft, based at Greensboro Piedmont Triad International, has achieved a significant milestone in Brazil, securing thirty Letters of Intent… Read More »
Lessor Appeals Against $49 Million Award to Frontier Airlines
AMCK Aviation, now part of Carlyle Aviation Partners, has filed an appeal against a June 2024 US court ruling that… Read More »
LIAT 2020 Takes Off: Antigua’s Revamped Airline Begins Commercial Operations
In a significant development for regional aviation, Antigua’s newly launched airline, LIAT 2020, commenced its commercial flight operations on August… Read More »
Thai AirAsia CEO Presses Government for More Stimulus
Bangkok, Thailand – The CEO of Thai AirAsia, Santisuk Klongchaiya, is urging the Thai government to enhance support for domestic… Read More »
Political Storm Brews Over Uganda Airlines Investigation
Uganda Airlines, the state-owned carrier based at Entebbe, has once again been thrust into the center of a political showdown… Read More »
IATA Raises Concerns Over India’s Tax Charges on Airlines
The International Air Transport Association (IATA) has expressed serious concerns regarding recent court orders issued to ten member airlines by… Read More »
Aer Lingus Advances A321neo(XLR) Acquisition Talks Following Pilot Agreement
Following a pivotal agreement with the Irish Air Line Pilots’ Association, which saw Aer Lingus pilots receive a 17.7% pay… Read More »