Spirit Airlines to sell 23 Airbus planes to add $519M to balance sheet
October 2024 has been a busy month for Florida-based Spirit Airlines. Firstly, rumors began spreading about an imminent…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
flyEgypt ceases operations, liquidation process halted by Egyptian authorities
FlyEgypt, a Cairo-based Egyptian low-cost and charter operator has ceased operations and has subsequently canceled all future services…
PLAY Airlines to reduce North American route network and apply for Maltese AOC
Icelandic low-cost carrier PLAY has announced it will be making some fundamental changes to its model and route…
Airbus Defence and Space to cut 2,500 jobs by 2026 amid challenging market
Airbus Defence and Space has announced plans to reduce its operations and workforce, citing ongoing challenges in the…
Boeing lays ground for $35bn in funding, 10bn already secured from US banks
Boeing has positioned itself to secure up to $35 billion in funding as the planemaker looks to shore…
Boeing to cut 10% jobs, postpone delivery of 777X jet due to financial loss
Boeing plans to cut 10% of its workforce and postpone the first deliveries of its 777X jet as…
Back in the black: London City Airport records first profitable year since 2019
London City Airport (LCY) has recorded its first profitable year of operations since before the COVID-19 pandemic. Financial…
Thai Airways to reintroduce premium economy, exit restructuring process in 2025
Thai Airways has revealed it will reintroduce a premium economy cabin as part of its growth plans as…
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…
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…