AI Startup Glean Doubles Valuation to $4.6 Billion After Securing $260 Million in Funding
AI-powered search startup Glean announced it has raised $260 million in a Series E funding round, doubling its valuation to… Read More »
Oracle’s Larry Ellison Predicts $100 Billion AI Surge Driven by Nuclear Energy
Oracle co-founder Larry Ellison is confident that the artificial intelligence (AI) revolution is just getting started, predicting a $100 billion… Read More »
Southwest Airlines to Overhaul Board After Talks with Elliott Investment
In a significant shift, Southwest Airlines is set to undergo a board overhaul following a pivotal meeting with activist investor… Read More »
American Airlines to Create 500 Maintenance Jobs and Expand Operations
American Airlines has unveiled plans to add 500 new maintenance positions and expand its heavy maintenance operations at its bases… Read More »
Cathay Pacific Unit Seeks $2.5 Billion Debt Listing
Cathay Pacific MTN Financing (HK) Limited (CPMFHK), a fully-owned subsidiary of Cathay Pacific, has applied to the Hong Kong Stock… Read More »
Air Canada Pilot Negotiations Falter as Wage Increase Offer is Rejected
Air Canada has hit a stalemate in its wage negotiations with its pilots after the airline’s offer of a 30%… Read More »
Debate Sparks Over Potential Qantas and Jetstar Breakup
In Australia, recent discussions about the country’s aviation industry have sparked a debate about potential regulatory changes, following remarks from… Read More »
Southwest Airlines Chairman Gary Kelly to Retire Amid Investor Pressure
Southwest Airlines announced on Tuesday that Gary Kelly, its executive chairman and former CEO, will retire in 2025. This decision… Read More »
FAA Allocates Record $1.9 Billion in Airport Infrastructure Grants
The Federal Aviation Administration (FAA) has announced a historic $1.9 billion allocation for airport infrastructure grants, marking the largest single… Read More »
Blackrock Scales Back Stake in Brazilian Airline Azul
Blackrock Investment Management has scaled back its investment in Azul Linhas Aéreas Brasileiras, decreasing its stake in the Brazilian airline… Read More »
DoT Investigates Major U.S. Airlines’ Frequent Flyer Programs
The US Department of Transportation (DOT) has initiated an investigation into the frequent flyer programs of American Airlines, Delta Air… Read More »
Air Belgium on Brink of Bankruptcy Amid Investment Failures
Air Belgium, which suspended its passenger flights in 2023, is on the brink of bankruptcy, facing a critical two-week deadline… Read More »
Boeing and Union Reach 25% Pay Increase Deal, Avoid Strike
Boeing and its workers’ union have reached a crucial labor agreement, averting a potentially disruptive strike that was set to… Read More »
Meta Announces Closure of Augmented Reality Studio, Meta Spark, Amid Shift Towards AI and Metaverse
Meta Platforms has announced its decision to discontinue Meta Spark, the augmented reality studio extensively utilized by third-party creators to… Read More »
Air India Begins Construction of New MRO Facility in Bengaluru
Air India Group has officially commenced the construction of a new state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru’s… Read More »
Lufthansa Announces Strategic Fleet Reduction by 2028 as Subsidiaries Gear Up for Expansion
Lufthansa Airlines, headquartered in Frankfurt, has announced a significant overhaul of its fleet strategy, which includes reducing its narrowbody aircraft… Read More »
Apple’s CFO Transition Appears Seamless, but Successor to Tim Cook Poses Greater Challenge
Apple is currently navigating what appears to be a smooth transition in its Chief Financial Officer (CFO) role, a vital… Read More »
Norwegian and Widerøe Report 10% Passenger Growth in August 2024
Low-cost carrier Norwegian has announced impressive passenger figures for August 2024, carrying nearly 2.7 million travelers. The airline flew 2,369,469… Read More »
Ural Airlines Begins Dismantling Emergency-Landed Airbus A320
Ural Airlines has announced the start of dismantling its Airbus A320, which made an emergency landing in a Russian wheat… Read More »
U.S. Airlines Slow Hiring Amid Industry Challenges
U.S. airlines, having ramped up hiring after the pandemic, are now easing their recruitment efforts due to various operational and… Read More »
Air Senegal Suspends Flights to Seven International Destinations
Air Senegal is implementing major changes to its flight network, suspending services to seven international destinations starting this month. The… Read More »
India’s DGCA Issues Show Cause Notice to Akasa Air for Regulatory Breaches
India’s Directorate General of Civil Aviation (DGCA) has issued a show cause notice to Akasa Air following a surprise audit… Read More »
Jekta Signs $1 Billion Deal for 30 Electric Seaplanes
Electric seaplane developer Jekta has secured a significant milestone, signing a leasing agreement for 30 of its zero-emission PHA-ZE 100… Read More »
Czech Airlines ČSA to Cease Operations, Join Smartwings
Czech Republic’s flag carrier, ČSA Czech Airlines, is set to end its operational activities and retire its iconic “OK” code… Read More »
Aegean Airlines to Acquire 21% of Volotea with Loan
Aegean Airlines has announced plans to acquire a 21% stake in the Barcelona-based regional low-cost carrier Volotea through a €50… Read More »
Aegean Airlines Invests EUR50 Million in Volotea, Secures Up to 21% Stake
Aegean Airlines (A3) has announced a significant commercial joint venture and equity investment in Spanish low-cost carrier Volotea (V7), potentially… Read More »