Lufthansa is set to acquire a 49% stake in ITA Airways for €325 million, confirming the deal with Italy’s Ministry of Economy and Finance. This acquisition, which follows Lufthansa’s earlier 41% stake, aims to strengthen its position in the European …
Ben Baldanza, former CEO of Spirit Airlines, passed away on November 5, 2024, at 62. His leadership from 2005 to 2016 transformed Spirit into a leading ultra-low-cost carrier, pioneering the marketing of ancillary services that many airlines now emulate. After …
The Tata-owned Air India Group has merged Air India and Vistara, creating India’s sole full-service airline as of November 11, 2024. This strategic move streamlines operations and enhances competitiveness in the aviation market, following the earlier consolidation of Air India …
Emirates Group has reported record pre-tax profits of AED 10.4 billion ($2.8 billion) for the first half of the 2024-25 fiscal year, a 1% increase from the previous year. Revenue reached AED 70.8 billion ($19.3 billion), up 5%. Emirates Airlines …
Boeing has secured a major deal with Avia Solutions Group for 40 Boeing 737 MAX 8 aircraft, with an option for an additional 40. This partnership aims to enhance operational capacity and efficiency within the aviation industry. Avia Solutions Group …
The Supreme Court of India has ordered the liquidation of Jet Airways, effectively ending any hope for its revival after years of uncertainty. This decision, made on November 7, 2024, follows the failure of the Jalan-Kalrock Consortium to meet financial …
Vistara Airline officially merged with Air India on November 11, 2024, concluding its journey as a full-service carrier. Founded as a joint venture between Tata Group and Singapore Airlines, Vistara aimed to transform Indian air travel, achieving a total capital …
Cebu Pacific Air will launch direct flights from Manila to Sapporo, Japan, starting January 16, 2025. The airline will operate three flights per week—Tuesdays, Thursdays, and Saturdays—making it the only carrier on this route. This initiative aims to shorten travel …
IndiGo Airlines is negotiating with India’s civil aviation ministry to extend its wet lease of Boeing 777 aircraft from Turkish Airlines, as the current lease expires this week. The airline operates two Boeing 777s on key routes to Istanbul, crucial …
Merger talks between Lufthansa and ITA Airways have stalled due to Lufthansa’s request for a €10 million reduction in ITA’s purchase price, raising concerns about their alliance’s future. Despite initial promising discussions, this request has led to a breach of …
