Air Canada has announced the ratification of a new collective agreement with the IAMAW (International Association of Machinists and Aerospace Workers), securing multi-year stability for more than 4,000 technical operations, maintenance, and operational support staff across Canada.
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Abelo, the Irish aircraft leasing company, has undergone a change in ownership as an affiliate of Cerberus Capital Management has acquired the business from funds managed by Oaktree Capital Management. The transaction signifies a strategic realignment in Abelo’s financial backing, potentially signaling new directions or growth plans under Cerberus’s stewardship.
Air Canada is set to further strengthen its narrowbody fleet as it prepares to take delivery of a new Airbus A220-300 featuring the manufacturer’s serial number 55471 and Canadian registration C-FHGE.
AerCap Ireland and AerCap Global Aviation Trust, leading entities in the aircraft leasing sector, have announced the successful pricing of a $1.5 billion senior notes offering. The offering comprises $750 million in 4.875% Senior Notesdue in 2028 and an additional $750 million in 5.375% Senior Notes due in 2031.
Airbus has announced the launch of the second tranche of its share buyback program, underscoring its commitment to returning value to shareholders. This tranche involves the repurchase of up to 2,127,000 shares, representing a significant step in the company’s broader financial strategy.
Japan Airlines has quietly entered a new era of regional influence through its undisclosed stake acquisition in Hanjin KAL, the parent company of Korean Air. This marks the first time Japan’s flag carrier has invested directly in a foreign airline group, generating significant interest across Asia’s aviation sector as both carriers reshape competitive dynamics and…
Southwest Airlines has announced the appointment of Rakesh Gangwal as the new independent Chair of its Board of Directors. This significant leadership change comes as part of the airline’s broader governance efforts to enhance oversight and strategic guidance. The appointment of Gangwal, a respected figure in the aviation industry, underscores Southwest’s commitment to strengthening its…
