The Portuguese government has formally set the valuation for the partial privatization of TAP Air Portugal (TP), placing a $817.7 million price on a 44.9% minority stake in the national carrier. In addition, 5% of the airline’s shares will be reserved for employees, while the state will retain majority ownership to safeguard strategic control.
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airBaltic, Latvia’s national airline, has expanded its fleet with the delivery of its 49th Airbus A220-300. The aircraft, identified by serial number 55308, is the third A220-300 to be added to airBaltic’s fleet in 2024, reflecting the airline’s commitment to fleet modernization and regional expansion. The A220-300, known for its efficiency and passenger comfort, has…
Purolator, Canada’s leading integrated freight and logistics provider, has expanded its dedicated air cargo fleet with the delivery of an ATR72-500F, serial number 707. This turboprop freighter is powered by Pratt & Whitney Canada PW127F engines and is tailored for short-haul express delivery routes across the country.
ITA Airways (Italy) chairman Antonino Turicchi has expressed optimism that the airline will secure final approval for its acquisition by Lufthansa Group (Germany) from the European Commission (EC) before the end of 2024. This approval marks a critical step in solidifying Lufthansa’s stake in the Italian national carrier.
ANA Holdings, the parent company of All Nippon Airways, has delayed the effective date for its full acquisition of Nippon Cargo Airlines (NCA) for the seventh time, now setting the new timeline for 1 July 2025. The repeated postponements highlight the complexities involved in integrating a major cargo operator into ANA’s broader corporate structure.
Lufthansa (Germany) has issued an urgent appeal to German Chancellor Olaf Scholz and European Commission President Ursula von der Leyen, highlighting critical challenges faced by the European aviation industry. In a formal letter, Lufthansa’s management has demanded enhanced support for the sector to safeguard its competitive position on the global stage.
An Air India Airbus A320neo, operating as Flight AI2744, experienced a runway excursion upon landing at Mumbai International Airport on July 21, 2025, during heavy rainfall. The incident caused visible damage to the aircraft’s engine cowling and multiple tyres, but no injuries were reported among passengers or crew.
