Finnair (Finland) faces significant operational disruption following the announcement of a pilot strike by the airline’s pilots’ union. The strikes, scheduled for 09 and 13 December 2024, have led to the cancellation of approximately 300 flights, affecting thousands of passengers during the busy travel period.
Asiana Airlines (South Korea) faced legal opposition from its pilots’ union regarding the proposed sale of Asiana Cargo, a key business unit of the airline. The pilots’ union filed an injunction to halt the sale, citing concerns over operational stability and workforce implications. However, the South Korean courts have rejected the injunction, allowing the sale process to proceed.
Fitch Ratings, a leading credit rating agency, has downgraded Spirit Airlines’ (US) Long-Term Issuer Default Rating (IDR) to ‘D’ from ‘CC’, indicating default status. The downgrade reflects Spirit Airlines’ financial challenges following its Chapter 11 bankruptcy filing.
Nordica, Estonia’s national airline, has announced its decision to close operations and file for bankruptcy. The move follows the withdrawal of potential investor Lars Thuesen from a critical funding deal. This marks a significant setback for the carrier, which had been seeking financial support to sustain its operations.
Spirit Airlines, a prominent U.S.-based low-cost carrier, has been downgraded by S&P Global from ‘CCC’ to ‘D’following its Chapter 11 bankruptcy filing. The move reflects the airline’s financial struggles and the significant challenges it faces during its restructuring process. Additionally, the ratings on Spirit Airlines’ Enhanced Equipment Trust Certificates (EETCs) have been lowered by one notch.
Boeing has announced that it will take several weeks to fully resume the production of passenger aircraft, following the return of factory workers after a nearly two-month strike. This pause in manufacturing activity has led to delays in Boeing’s production schedule, impacting the company’s ability to meet existing orders and deliver aircraft on time. The strike, which affected…
Spirit Airlines is reportedly preparing to file for bankruptcy protection within the coming weeks following the breakdown of merger negotiations with Frontier Airlines. The airline is engaged in advanced discussions with bondholders to develop a bankruptcy plan expected to gain majority support from creditors. This decision underscores Spirit’s need for financial restructuring as it faces operational and market challenges, heightened by…
The Federal Aviation Administration (FAA) in the United States has announced a 30-day suspension on US airlines operating in Haiti after reports that three commercial jetliners were struck by gunfire. This restriction reflects the FAA’s heightened safety precautions following these incidents, which underscore escalating security risks for aviation in Haiti. With the temporary ban, the FAA aims to protect passengers, crew, and aircraft amid…
Ukraine has officially terminated its air traffic agreement with Iran, citing Iran’s alleged support for Russia amid the ongoing conflict between Ukraine and Russia. The decision reflects escalating diplomatic tensions between Ukraine and Iran, as reports indicate that Iran has been providing assistance to Russia during the invasion. By ending the air traffic agreement, Ukraine has taken a firm stance against…
Southwest Airlines is extending buyout offers to employees at 18 airports across the United States, citing a need to adjust operations due to aircraft delivery delays from Boeing. These delays have forced Southwest to scale back its flight schedule, impacting staffing needs at certain locations. By offering voluntary buyouts, the airline aims to manage operational costs and realign its workforce in response to…
