Amazon’s Cloud Division Thrives on AI Demand, Despite Overall Revenue Shortfall
Amazon Web Services (AWS), the cloud computing arm of Amazon, has reported a robust 19% increase in revenue year-over-year, driven… Read More »
Regional Express Faces Financial Challenges, Enters Trading Halt on ASX
Regional Express (Rex), a prominent Australian airline, has entered a trading halt on the Australian Stock Exchange (ASX) amid significant… Read More »
Rabat Urges Royal Air Maroc to Expedite Fleet Growth for Tourism
Royal Air Maroc (RAM), based in Casablanca Mohamed V, is being urged by Rabat to accelerate its fleet expansion to… Read More »
Aeromexico Boosts U.S. Routes Despite Joint Venture Concerns
Aeromexico is set to broaden its U.S. service offerings for the upcoming northern winter season, despite ongoing uncertainty regarding its… Read More »
Will Airbus Win Flydubai’s Next Aircraft Order?
Flydubai (FZ) is evaluating its options for a significant new aircraft order, with both Airbus and Boeing in the running,… Read More »
SpiceJet’s Board Greenlights ₹30 Billion Capital Injection
SpiceJet (SG) has received board approval for a major capital raising initiative, amounting to INR30 billion (USD358 million), as of… Read More »
Philippines’ Cebu Pacific Confirms Talks to Buy AirSWIFT
Cebu Pacific Air, a major player in the Philippine aviation industry, has announced it is in active discussions to acquire… Read More »
Ryanair Pushes for Higher Passenger Cap to Boost Regional Airport Funding
Ryanair has urged the Irish government to increase the passenger cap on its Regional Airports Program, which currently limits funding… Read More »
Spain’s CNMC Launches Inquiry into Abra Group’s Acquisition of Wamos Air
Spain’s securities regulator, the Comisión Nacional de los Mercados y la Competencia (CNMC), has officially commenced the first phase of… Read More »
Saudia Group Secures 50 Electric Air Taxis from Lilium in Landmark $450 Million Deal
Saudia Group, a major airline based in Saudi Arabia, has confirmed a substantial order with Germany’s Lilium for 50 electric… Read More »
Meta, Apple, Microsoft Enhance AI Transparency Under Increasing Scrutiny
As demands for accountability intensify, major tech companies like Meta Platforms Inc., Apple Inc., and Microsoft Corp. are stepping up… Read More »
Alaska Airlines and Hawaiian Airlines Seek U.S. DoT Approval for Merger Plans
Alaska Airlines and Hawaiian Airlines have jointly submitted critical applications to the U.S. Department of Transportation in preparation for their… Read More »
Private Consortium to Invest $400M in New Miami Airport Cargo Facility
Miami International Airport (MIA) is set to expand its cargo capacity significantly with a new state-of-the-art facility, thanks to a… Read More »
Delta Air Lines CEO Critiques Financial Strategies of Low-Cost Competitors Amidst Booming Travel Demand
Delta Air Lines CEO Ed Bastian has publicly expressed skepticism about the sustainability of low-cost carriers in the current robust… Read More »
Airbus Implements Hiring Freeze and Cost Cuts to Counter Chinese Competition
Airbus is intensifying its cost-cutting measures, including a hiring freeze, to strengthen its competitive edge against the influx of more… Read More »
UK Authorities Initiate Merger Investigation into Microsoft’s Hiring from AI Startup Inflection
Microsoft’s recruitment of key personnel from artificial intelligence startup Inflection has triggered an initial merger investigation by the UK’s Competition… Read More »
Germany Abstains from Vote on EU Tariffs for Chinese-Made Electric Vehicles
During recent discussions held by the European Commission, Germany’s economy ministry abstained from voting on the proposal to impose tariffs… Read More »
Apple’s Strategic Shift from China to India Boosts Sales by 33%
Apple’s strategic decision to pivot from China to India has proven to be successful, with the tech giant witnessing a… Read More »
Boeing 777X Nears FAA Certification, Potentially Boosting Revenue by $2 Billion
Boeing’s latest aircraft, the 777X, has reportedly made significant progress towards achieving certification from the Federal Aviation Administration (FAA), potentially… Read More »
Early AI Investor James van Geelen Suggests Current Market for AI Investments Is Overvalued
In a recent episode of Bloomberg’s “Odd Lots,” early AI investor James van Geelen shared his insights on thematic investing,… Read More »
Tesla Reintroduces Cheaper Long-Range Model 3 Amidst Market Challenges
Tesla has made headlines again, not just for its ongoing projects and market shifts but for bringing back the much-anticipated… Read More »
Airbus Implements New Cost-Cutting Strategy Amid Production Challenges
Airbus has unveiled a new performance improvement plan named “LEAD!” aimed at bolstering efficiency and managing costs within its planemaking… Read More »