Spirit Airlines prepares for bankruptcy filing amid ongoing financial woes
It has been revealed that US low-cost carrier Spirit Airlines has entered initial discussions with its bondholders regarding…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
KLM to roll out cost-cutting reorganization program to boost profitability
Dutch national carrier KLM has announced it will be undergoing a root-and-branch reorganization in a bid to boost…
New Southwest director backs leadership after making $100 million investment
The new Southwest director and IndiGo co-founder Rakesh Gangwal has purchased 3.6 million shares in the airline, valued…
Qatar Airways confirms plans to acquire 25% minority stake in Virgin Australia
Qatar Airways Group has announced plans to buy a 25% minority stake in Virgin Australia from Bain Capital,…
ITA Airways posts positive results, unveils a revitalization of Alitalia brand
Italian flag carrier ITA Airways has issued its latest financial results for the first half of 2024 which…
Investment firm Castlelake raises $1 billion to buy 60 aircraft
Castlelake, a US investment firm specializing in aviation-related assets, announced on September 25, 2024, that it has raised…
Aer Lingus Regional operator Emerald Airlines heads towards first profits
Aer Lingus Regional franchise operator Emerald Airlines has said it hopes to record its first profitable year in…
SpiceJet settles million-dollar dispute with lessor, aims for 100 planes by 2026
The Indian low-cost carrier SpiceJet has struck a settlement with Engine Lease Finance Corporation (ELFC) to resolve a…
Avolon to acquire Castlelake Aviation’s $5 billion portfolio of 118 aircraft
Avolon announced an agreement to acquire Castlelake Aviation (CA)’s total $5 billion portfolio of 118 aircraft. This includes…
SAS emerges from restructuring as it prepares to join SkyTeam
SAS has announced its emergence from Chapter 11 restructuring in the US, as well as a similar reorganization…
Avia Solutions Group reports €1.2bn in revenue for first half of 2024
Dublin based Avia Solutions Group (‘the Group’), the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, which…
Frontier latest airline to defer Airbus deliveries, cancels all A321XLR orders
Frontier Airlines has become the latest US carrier to defer Airbus deliveries, after JetBlue and Spirit Airlines recently…
Etihad Airways posts strong H2 2024 results on the back of expanded capacity
Etihad Airways posted its results for the first half of 2024 on August 8, 2024. The Abu Dhabi-based carrier…
Embraer presents positive Q2 2024 financial results, confirms full year guidance
Embraer posted its results for the second quarter of 2024 on August 8, 2024, with the Brazilian aircraft…
Spirit Airlines defers Airbus orders, downgrades around 100 captains
Spirit Airlines will downgrade around 100 captains and furlough approximately 240 pilots as the carrier looks to deliver…
Safran confirms 2024 targets after strong H1 2024 growth in revenue and profit
Safran has announced that it is on track to meet its 2024 targets after reporting a significant increase…
JetBlue reports 2Q24 results, withdraws E190s and delays A321neo deliveries
New York-based JetBlue has announced its results for the second quarter of 2024 92Q24) in a period that…
Arik Air grounded by Nigerian government over disputed debt of $2.5M
The Nigerian government has waded into a legal dispute between privately owned carrier Arik Air and its creditors…