10 people arrested in fraud scheme that cost Polar Air $52 million
The United States (US) Department of Justice (DOJ) revealed that 10 people have been charged in connection with…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
US judge awards lessor over $400 million for Boeing 747-8s stuck in Russia
A United States judge ordered Volga-Dnepr Group to pay aircraft lessor BOC Aviation more than $400 million after…
airBaltic finalizes a record-breaking quarter in Q1 2023
airBaltic has announced that Q1 2023 was a record-breaking quarter for the company, with “positive business indicators” exhibited throughout…
Boeing plans to ramp up monthly 737 MAX production rate to 38 by mid-2023
Boeing plans to increase the monthly production rate of the 737 MAX from 31 to 38 by mid-2023,…
Airbus to open another Chinese FAL, secures aircraft order from Chinese airlines
Airbus announced that it will open another Final Assembly Line (FAL) in China, while also securing an aircraft…
Boeing scraps CEO David Calhoun’s 777X performance bonus
Boeing’s Board of Directors issued a proxy statement prior to the upcoming annual shareholders meeting on April 18,…
Is a new Chinese Airbus order on the horizon?
As the French President Emmanuel Macron prepares to visit China, is the Chinese government ready to announce a…
Will airlines suffer due to Saudi Arabia’s latest oil production cuts?
The Saudi Arabian Ministry of Energy announced on April 2, 2023, that it will introduce voluntary cuts to…
Four new US states join DOJ lawsuit against JetBlue-Spirit merger
California, Maryland, New Jersey, and North Carolina joined the lawsuit of the United States Department of Justice against…
ATR: in-service fleet close to pre-COVID numbers
France-based ATR, the manufacturer of the ATR 42 and ATR 72 turboprop aircraft, has indicated that it is…
Italian government seeks to conclude ITA Airways/Lufthansa deal by mid-April
The Italian government is looking to finalize an agreement with ITA Airways and Lufthansa by mid-April, finally privatizing…
Commercial aviation capacity shortages in 2 years will lead to rising tickets prices
Aviation stakeholders and industry experts are warning about a possible passenger aircraft shortage and consequent increase in air…
Ex-B747, 777 operator AirBridgeCargo to resume ops with Russian Ilyushin IL-96
Russia-based AirBridge Cargo, which suspended operations in March 2022, due to sanctions, will restart flights with the Russian-made…
Colombia’s Ultra Air forced to suspend operations despite additional capital
Colombian low-cost carrier Ultra Air announced that it suspended operations with immediate effect, despite the airline receiving an…
Alitalia state aid probe: Italy must recover €400m plus interest, EC says
The European Commission (EC) deemed that the Italian state’s €400 million ($431.1 million) loan to Alitalia in 2019…
airBaltic blames P&W engine problems for having to wet lease more aircraft
airBaltic said it will lease four additional aircraft from four different airlines for the upcoming summer season, citing…
JetSmart drops plans to acquire Colombia-based Ultra Air
JetSmart has said it is no longer interested in purchasing Ultra Air after signing he Memorandum of Understanding…
Avianca hesitates on decision to merge with Viva Air despite Aerocivil approval
Avianca is now deliberating whether to go ahead with its merger with Viva Air despite receiving approval from…