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Rex Granted Reprieve in Legal Dispute with Jet Midwest Over Saab 340s

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Regional Express (Rex), an Australian airline, has been granted a temporary reprieve in legal proceedings brought by U.S.-based aviation company Jet Midwest. The dispute centers on four Saab 340 aircraft, which Jet Midwest claims were allegedly taken without proper authorization. Jet Midwest is seeking $7.2 million in damages, citing financial losses associated with the aircraft’s…

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Boeing Reaches Agreement with Machinists’ Union to End Strike

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Boeing and its machinists‘ union have reached a tentative agreement on a new contract proposal, which includes a pay raise aimed at resolving a strike that has affected Boeing’s operations for nearly seven weeks. The new offer comes after extensive negotiations and is set for a union vote on November 4, 2024. If accepted, this…

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AerCap Delays Boeing and Airbus Deliveries Amid Supply Chain Challenges

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AerCap, a global leader in aircraft leasing headquartered in Ireland, has announced delays in the delivery schedules of several Boeing and Airbus aircraft due to recent production disruptions. Ongoing labor strikes at Boeing have led AerCap to postpone deliveries of eight Boeing aircraft initially slated for 2024, with their delivery now deferred into 2025 and…

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Spirit Airlines Plans to Furlough 330 Pilots and Downgrade Captains Amid Cost-Cutting Measures

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Spirit Airlines is set to furlough approximately 330 pilots on January 31, 2025, as part of an ongoing cost-cutting strategy aimed at shoring up its finances amid a challenging aviation market. This latest round of furloughs follows an initial cut in September 2024, which saw 186 pilots furloughed. Additionally, Spirit plans to downgrade 120 captains…

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Portugalia and TAP’s Former CEO Cited by Portuguese Court of Auditors for Contract Non-Compliance

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The Portuguese Court of Auditors has identified non-compliance by Portugalia Airlines concerning the requirement for prior inspection on two amendments to an ACMI (Aircraft, Crew, Maintenance, and Insurance) contract. The Court determined that Portugalia, a subsidiary of TAP Air Portugal, neglected to follow procedural compliance by omitting required inspections before implementing contract modifications. Accountability for…

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Boeing and IAM Union Resume Contract Talks with Assistance from US Labor Secretary

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Boeing and the International Association of Machinists and Aerospace Workers (IAM) have reconvened for contract negotiations following the union’s rejection of an improved contract offer last week. This latest meeting was facilitated by Acting US Labor Secretary Julie Su, who joined the session to help guide productive discussions between the planemaker and union representatives. This…

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Viva Faces Extended Aircraft Groundings Due to Engine Issues but Projects 10% Growth in 2025

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Viva Aerobus, a leading low-cost carrier in Mexico, expects approximately 25 of its aircraft to remain grounded into 2025, with issues anticipated to extend into 2026 due to ongoing challenges with Pratt & Whitney (P&W) engines. These groundings, while impacting operational capacity, have not deterred the airline’s growth outlook for 2025. Viva Aerobus forecasts a…

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Sun Country Airlines Sees Modest Revenue Increase and Sharp Net Income Decline in Fiscal Q3 2024

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Sun Country Airlines Holdings posted its financial results for the third quarter of fiscal 2024, showing a modest 0.2% increase in total operating revenue, totaling $249.5 million. Despite this slight revenue growth, the airline saw a sharp 69.1% decline in net income, ending the quarter with $2.3 million in profits. This decline in net income…

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Russia’s State Transport Leasing Company Sees 9M 2024 Net Profit Drop Amid Revenue Surge

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The State Transport Leasing Company (STLC) of Russia reported a sharp decline in net profit for the first nine months of 2024, despite significant revenue growth. According to the company’s latest financial statement, net profit dropped by 2,750%, amounting to just $4.5 million, a steep fall from previous periods. However, revenue increased by an impressive…

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SJ-100 Development Delayed by Engine and System Integration Challenges

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The release of Russia’s updated SJ-100 aircraft faces delays, as highlighted by Chief Designer Kirill Kuznetsov. While the familiar SSJ100 fuselage remains, the SJ-100 is undergoing extensive testing and certification for its new PD-8 engines, replacing the earlier French-Russian SaM146 engines. The PD-8’s certification, expected in 2025, has introduced unique challenges as the engine undergoes…