777 Partners Seeks Restructuring Advice After Bonza Airline Collapse
777 Partners, the Miami-based investment firm, has enlisted Los Angeles-based B Riley Advisory Services to aid in restructuring following the… Read More »
What to Do When Your Flight Is Diverted: Navigating Delays and Claiming Compensation
Experiencing a flight diversion can be unsettling. Whether it’s due to weather, technical issues, or other disruptions, here’s what you… Read More »
Expedia Debuts Travel Media Network to Broaden Advertising Reach Beyond Traditional Platforms
Expedia has launched a new travel media network, significantly expanding its 20-year-old advertising business to include offsite advertising opportunities. This… Read More »
SpiceJet Granted Extended Deadline for Engine Lease Payments Amid Legal Challenges
SpiceJet, the Indian low-cost carrier based in Delhi, has been given an additional deadline until May 22 to settle a… Read More »
JetBlue Revamps Older A320-200s for Fleet Expansion Amid Engine Setbacks
JetBlue Airways is strategically revitalizing twelve A320-200 aircraft, previously slated for return to lessors, as a response to immediate growth… Read More »
Go First Faces Liquidation as Court Orders Return of 54 Aircraft to Lessors
In a significant development for the aviation industry, the beleaguered Indian low-cost airline Go First is on the brink of… Read More »
South African Airways Seeks New Investment and Financing Options After Takatso Deal Falls Through
South African Airways (SAA) is actively pursuing minority investors and exploring various financing avenues to secure capital, following the collapse… Read More »
Southwest Airlines Axes Service to Four Airports Amid Financial Struggles
Southwest Airlines has announced significant network adjustments, including the discontinuation of service to four airports effective August 4, 2024. This… Read More »
AirAsia X Outlines Strategy for AirAsia Takeover and Corporate Reorganization
AirAsia X (D7, Kuala Lumpur International) has provided a detailed overview of its strategy to acquire AirAsia Bhd, the operator… Read More »
Jeju Air Exits Bidding for Asiana Airlines’ Cargo Division as Sale Process Narrows
Jeju Air has officially withdrawn from the competition to acquire the cargo business of Asiana Airlines, leaving Eastar Jet, Air… Read More »
Southwest Airlines Ceases Operations at Four Airports Amid Mounting Losses and Boeing Delivery Delays
Southwest Airlines revealed on Thursday its decision to discontinue services at four airports, following a surge in losses during the… Read More »
Japan Airlines President Affirms Commitment to Both Boeing and Airbus Aircraft
Japan Airlines (JAL) President Mitsuko Tottori announced on Wednesday the airline’s intention to maintain its fleet composed of both Airbus… Read More »
UPS Forecasts Profitable Venture with USPS Air Cargo Contract
In a strategic move that contrasts with its competitor FedEx’s recent challenges, United Parcel Service (UPS) is optimistic about its… Read More »
New Federal Rule Forces Airlines to Refund Cancellations in Cash
In a significant move aimed at bolstering consumer rights, airlines in the United States will now be mandated to provide… Read More »
AirAsia Cambodia Launches with First Aircraft, Sets Sights on Expanding Domestic and International Services
AirAsia Cambodia has officially introduced its first aircraft, an A320-200 with registration XU-819, as it prepares to commence revenue operations… Read More »
Six Companies, Including AirAsia Affiliate, Advance in Bidding for SriLankan Airlines
Six firms have progressed to the next stage in the process to acquire a majority stake in SriLankan Airlines, as… Read More »
SpiceJet Confronts Insolvency Claims by DAE Capital’s SPVs in India
SpiceJet is currently embroiled in a legal battle for insolvency, initiated by three special purpose vehicles (SPVs) owned by DAE… Read More »
VistaJet Founder Proposes Utilizing His Majority Stake to Enhance Company Liquidity
Thomas Flohr, the founder and chairman of VistaJet Group Holding Ltd., which owns VistaJet (Malta), has proposed leveraging his 86%… Read More »
Boeing’s Next New Airplane Could Cost $50 Billion, Says CEO David Calhoun
Boeing CEO David Calhoun has set the aerospace community abuzz with his recent statement that the next new airplane from… Read More »
India’s NCLAT Temporarily Halts Insolvency Proceedings Against Deccan Charters
India’s National Company Law Appellate Tribunal (NCLAT) has temporarily suspended insolvency proceedings against Deccan Charters, pending a further review set… Read More »
Qantas Group CEO Highlights Extensive Fleet Renewal Across Airline Brands
Vanessa Hudson, CEO of Qantas Group, has emphasized the scale and impact of the ongoing fleet renewal program across its… Read More »
Lynx Air and Boeing Mutually Terminate 737 MAX Purchase Agreement with Court Approval in Canada
In a significant development within the aviation industry, an Alberta judge has sanctioned a mutual agreement between the now-defunct Canadian… Read More »
Oman Air Concludes A330 Fleet Operations as Part of Restructuring Plan
Oman Air, the flag carrier of Oman, has officially phased out its Airbus A330 aircraft from service, marking the end… Read More »
Pakistan Seeks Investors for PIA Privatisation, Offering Up to 100% Stake
The Pakistani government, through its Privatisation Commission, has initiated the process to privatize PIA – Pakistan International Airlines by inviting… Read More »
Oman Air Phases Out A330 Fleet After 15 Years of Service
Oman Air has officially concluded its operations with the Airbus A330 aircraft, marking the end of a 15-year era for… Read More »
Avion Express Triumphs Over Challenges with Early Restructuring Completion
Lithuania’s Avion Express has marked a significant milestone in its journey through and beyond the pandemic-induced aviation crisis by concluding… Read More »