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…
The Irish High Court has issued a temporary suspension on the Irish Aviation Authority‘s (IAA) decision to impose a passenger seat cap at Dublin Airport for the upcoming 2025 summer season. This seat cap, aimed at limiting airport traffic, was challenged by major airlines, including Ryanair and Aer Lingus, who argued that it would negatively…
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…
SmartLynx Airlines, a Latvia-based ACMI and charter service provider, has announced the appointment of Tomas Jan as the Director of Flight Operations. This leadership appointment comes as SmartLynx continues to expand its operational footprint in Europe and beyond, reinforcing its commitment to maintaining high standards in flight safety, efficiency, and regulatory compliance. Tomas Jan will…
MMAG Aviation Consortium has secured regulatory approval from Labuan, Malaysia, to establish a subsidiary, MMAG Skyfleet, which will operate as an aircraft leasing unit. This strategic move marks MMAG’s entry into the aircraft leasing industry, allowing the consortium to diversify its aviation operations and cater to the growing demand for leasing services within the region….
Lilium, a German aviation company specializing in all-electric vertical takeoff and landing (eVTOL) aircraft, has appointed KPMG in the Netherlands to oversee a transparent and structured mergers and acquisitions (M&A) process. This initiative is part of Lilium’s strategic focus on securing new investment following a recent restructuring, as the company aims to advance the development…
Jackson Square Aviation, a U.S.-based aircraft leasing company, has announced a partnership with Ireland’s Future Energy Global to accelerate investment in sustainable aviation fuel (SAF) production. This collaboration aims to generate the capital needed to scale SAF production, supporting the aviation industry’s shift toward more sustainable energy sources and reducing its carbon footprint. As the…
Genesis, an Ireland-based aircraft lessor, has announced the promotion of Denise Byrne from her role as VP of Pricing to Senior Vice President (SVP) of Portfolio Services. This new department will consolidate Genesis’s pricing and risk management activities under a single umbrella, enhancing the company’s focus on effective asset management and strategic financial oversight. Byrne’s…
FlySafair, a low-cost airline based in South Africa, is currently under scrutiny from the International Air Services Council (IASC) for non-compliance with local regulations regarding foreign ownership. According to the IASC, FlySafair’s current ownership structure does not align with South Africa’s regulatory limits on foreign ownership for domestic airlines. This compliance issue poses a potential…
Eve Air Mobility, a U.S.-based company specializing in electric vertical takeoff and landing (eVTOL) aircraft, has achieved a significant regulatory milestone with the publication of the final airworthiness criteria for its eVTOL by ANAC, Brazil’s civil aviation authority. This announcement brings Eve Air Mobility closer to certification, marking an essential step in the path toward…
