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Spirit Airlines Expects Shareholder Wipeout Amid Restructuring

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Spirit Airlines, a prominent ultra-low-cost carrier in the United States, has announced that it still expects shareholders will be wiped out as the airline progresses with its restructuring deal. The plan includes transferring control of the airline to its bondholders, marking a significant shift in its ownership structure.

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Italy Suspends ITA Airways Stake Sale to Lufthansa Over Price Dispute

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Italy’s Treasury has temporarily suspended the sale of a 41% stake in ITA Airways to Lufthansa due to a price disagreement between the two parties. The deal, originally announced in May 2023, stipulated that Lufthansa would acquire the stake for €325 million, marking a strategic move to strengthen its position in Southern Europe. However, Lufthansa…

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SunExpress and Austrian Airlines Partner for Codeshare on Key Routes

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SunExpress, a joint venture between Turkish Airlines and Lufthansa, has strengthened its connectivity with Austria by establishing a codeshare agreement with Austrian Airlines. This partnership allows both airlines to expand their route networks and offer passengers greater flexibility and seamless travel options between Austria and key destinations in Turkey. Under the new agreement, Austrian Airlines…

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Delta Expands Fleet with New Airbus A220-300 Delivery

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Delta Air Lines, one of the major U.S. carriers, has recently expanded its fleet with the addition of a new Airbus A220-300, marked with serial number 55297. This aircraft is powered by Pratt & Whitney’s PW1500G engines, which are renowned for their high fuel efficiency and low noise output. The A220-300’s advanced engine technology aligns…

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HiSky Europe Launches Bucharest–Mombasa–Zanzibar Charter Service

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HiSky Europe, a Romanian airline, has announced the launch of a new regular charter service that will connect Bucharest, Mombasa, and Zanzibar, starting on November 27, 2024. The service, which will operate with an Airbus A321, provides Romanian travelers with a direct and convenient travel option to two popular tropical destinations in East Africa.