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Thai Airways Faces Opposition Over Amendment to Add Government Officials as Administrators

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Thai Airways International faces strong opposition from its labor union and creditors regarding a proposed amendment to its business rehabilitation plan. The amendment seeks to add two government officials as administrators of the airline’s rehabilitation process, a move that has stirred concerns among stakeholders. Both the labor union and creditors argue that appointing government officials as administrators could influence the airline’s management and…

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Spirit AeroSystems Warns of Financial Uncertainty Amid Cash Shortfall

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Spirit AeroSystems, a leading U.S.-based aerospace manufacturer, has issued a stark warning regarding its financial health, stating that there is “substantial doubt” about the company’s ability to continue as a going concern. This cautionary statement comes as Spirit AeroSystems faces significant cash flow challenges, with cash reserves reportedly dwindling at a concerning rate. The announcement underscores…

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Lufthansa Cityline Staff Representatives Sue Lufthansa Group Over City Airlines

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Lufthansa Cityline staff representatives have filed a lawsuit against the Lufthansa Group in Germany, challenging the establishment of its planned replacement airline, City Airlines. The lawsuit, initiated by the staff representatives, reflects growing concerns among Cityline employees regarding job security, working conditions, and the potential impact on the current workforce. Lufthansa Group’s decision to launch City Airlines as a…

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FlySafair Faces Compliance Issue with South African Foreign Ownership Regulations

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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…

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Boeing Machinists Accept New Contract, Ending Strike with 38% Pay Increase

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Boeing machinists have voted to accept the company’s latest contract offer, officially ending a strike that began on 13 September 2024. The new contract, which promises a 38% pay increase spread over four years, addresses key demands and reflects Boeing’s commitment to reaching a fair and equitable agreement with its workforce. This development brings a…

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SpiceJet Ordered to Pay $3.7 Million to Aerocare Aviation Services After Eight-Year Dispute

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SpiceJet, the prominent low-cost airline based in India, has been ordered to pay $3.7 million, along with applicable interest, to Aerocare Aviation Services following an eight-year legal dispute. The ruling brings closure to a prolonged financial disagreement between the two parties and underscores the importance of clear contractual and service agreements within the aviation sector.

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South Korea’s Supreme Court Holds Eastar Jet Liable for Failed Merger with Jeju Air

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The Supreme Court of South Korea has ruled that Eastar Jet is responsible for the collapse of its merger with Jeju Air, ordering substantial damages to be paid to Jeju. According to the court’s decision, Eastar Jet must pay Jeju Air 10 billion Korean won, and Daedong Investment, another involved party, is required to pay…

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Vietjet Air Requests Deregistration of Two E190 Aircraft Over Lease Dispute

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Vietjet Air, a prominent airline based in Vietnam, has encountered a lease contract issue involving two Embraer E190 aircraft, registered as VN-A251 and VN-A252. The airline claims that the aircraft owner failed to meet the agreed-upon terms, resulting in delivery delays. In response, Vietjet Air has requested that the Civil Aviation Authority (CAA) cancel the…

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Garuda Indonesia Reports $131.2 Million Net Loss for 9M 2024 Amid Revenue Growth

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Garuda Indonesia has reported a net loss of $131.2 million for the first nine months of 2024, despite a 14.7% increase in revenue to $2.6 billion. The financial results highlight the ongoing challenges faced by the airline as it navigates through post-pandemic recovery and aims to stabilize its operations.

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Rhein-Neckar Air Files for Insolvency Amid Financial Challenges

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Rhein-Neckar Air, a regional airline based in Mannheim, Germany, has filed for insolvency, citing significant financial challenges. The airline, known for connecting the Rhine-Neckar metropolitan region with destinations such as Berlin and Hamburg, has suspended all operations as of November 1, 2024.