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Lilium N.V. Receives Nasdaq Delisting Notice Amid Subsidiary Insolvency Proceedings

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Lilium N.V., a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has announced that it received a written notice from the Nasdaq Listing Qualifications Department on October 28, 2024. This notice follows the insolvency applications of Lilium GmbH and Lilium eAircraft GmbH, the company’s principal operating wholly-owned German subsidiaries, filed in the…

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Sirius Airlines Faces Investigation Over Unpaid Wages Amid Failed Launch

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Sirius Airlines, a South Korean startup that was unable to commence operations in June 2024 due to financial setbacks, is now under scrutiny by the Ministry of Labor over allegations of unpaid wages. Reports indicate that Sirius Airlines has not paid wages to its employees for nearly six months, prompting an investigation into the company’s…

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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…