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Lufthansa CEO to Meet Italian Economy Minister Over ITA Airways Stake Sale

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Lufthansa CEO Carsten Spohr and Italian Economy Minister Giancarlo Giorgetti are scheduled to meet this weekend to address a price dispute regarding the sale of a minority stake in ITA Airways, Italy’s national airline. This high-level meeting aims to overcome differences in valuation that have stalled Lufthansa’s acquisition of a stake in the airline, which the German carrier views as a…

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Ethiopian Airlines Partners with South Sudan to Launch National Carrier

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Ethiopian Airlines has entered into a strategic partnership with the government of South Sudan to establish and manage a new national carrier for the country. This agreement marks a significant milestone in South Sudan’s aviation sector, which has long sought to enhance its connectivity and establish a reliable domestic and regional airline presence. Ethiopian Airlines, known for its…

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Aerolineas Argentinas Faces Possible Closure Amid Privatization Push

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Aerolineas Argentinas, Argentina’s national carrier, is at risk of closure as the government, led by Javier Milei, has proposed a privatization process to address the airline’s financial struggles. This privatization plan is seen as a critical measure to ensure the airline’s sustainability, but it has encountered resistance from employees and unions concerned about job security and potential changes…

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Brazil to Launch $690M Credit Line for Airlines in 2025

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Brazil is preparing to establish a $690 million credit line by early 2025 to assist financially struggling airlines, according to Ports and Airports Minister Silvio Costa Filho. This government-backed funding initiative aims to stabilize Brazil’s aviation sector, providing crucial financial relief for airlines facing economic challenges due to fluctuating demand and increased operational costs. The initiative is expected to bolster…

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Nigerian Government Seeks Arrest Warrant for Dana Air MD in $786,000 Fraud Case

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The Nigerian government has called for a bench warrant against Hathiramani Ranesh, the Managing Director of Dana Air, following his failure to appear before the Federal High Court in Abuja. The case involves allegations of fraud totaling $786,000 (approximately ₦1.3 billion), with the Nigerian authorities pushing for legal action due to Ranesh’s absence at scheduled court proceedings. This development reflects Nigeria’s increasing focus on holding corporate…

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Foreign Airlines Seek Amendment to Israel’s Aviation Services Law Amid Conflict

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Foreign airlines operating in Israel have formally requested an amendment to the Aviation Services Law to address operational challenges caused by the ongoing conflict in the region. In a letter to the Knesset Economic Affairs Committee’s legal advisor, representatives of these airlines emphasized the need for legal adjustments to mitigate the impact of service disruptions and ensure passenger rights…

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Australia to Launch Open Skies with Canada and Malaysia in 2026

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Australia has secured Open Skies agreements with both Canada and Malaysia, granting airlines from these countries unrestricted rights to operate air passenger services to and from Australia starting in 2026. These agreements mark a significant shift in Australia’s aviation landscape, aiming to enhance connectivity and boost competition on international routes. The Open Skies policy is designed to promote greater accessibility, allowing airlines to operate…

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Wizz Air Loses Challenge Against EU-Approved Aid for TAROM

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Wizz Air, a low-cost airline based in Hungary, has lost its legal challenge against a $2.1 million capital increaseprovided by the Romanian government to TAROM, Romania’s national airline. This capital injection, aimed at supporting TAROM, was approved by EU competition regulators, and the EU General Court has now dismissed Wizz Air’s objections. Wizz Air argued that the state aid breached…

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Air KG Transitions to State-Owned Enterprise to Boost Efficiency

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Air KG, a Kyrgyzstani airline, has officially transitioned to a state-owned enterprise, a strategic move aimed at enhancing management efficiency, optimizing the use of financial resources, and strengthening its control systems. This transformation is intended to support Air KG’s operational goals and aligns with the Kyrgyz government’s commitment to improving the oversight and effectiveness of its national carriers, ensuring…

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Portugal Plans to Retain 51% Stake in TAP Amid Reduced Interest from IAG

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The Portuguese government has expressed its intention to retain a 51% controlling stake in TAP Air Portugal, following the airline’s recent public-funded rescue. This move ensures that Portugal maintains a majority interest in TAP, safeguarding national interests and providing stability as the airline recovers from financial challenges. However, this approach may affect potential investment from…