Spirit Airlines (US) has secured $150 million in compensation from Pratt & Whitney, addressing financial losses stemming from GTF engine removals affecting its Airbus fleet. The airline anticipates further payments, as engine replacement and maintenance challenges are expected to continue through 2026 and beyond.
Allan Goh Hwan Hua, co-founder of MYAirline (Malaysia), and several related entities have been hit with a lawsuit from 206 investors, alleging a combined financial loss of $15.1 million. The case adds to the growing scrutiny surrounding MYAirline’s business dealings and financial stability.
International Airlines Group (IAG) is exploring the potential launch of a new low-cost carrier (LCC) in Madrid, should salary negotiations with Iberia Express pilots fail to reach a resolution. At the same time, the Group is reconsidering its position in Air Europa, weighing the possibility of maintaining its 20% stake without participating in an upcoming capital increase.
Z Air (Bonaire) has secured a legal victory against the Sint Maarten government, following a court ruling that determined the Civil Aviation Authority of Sint Maarten (CAA) imposed unlawful and unnecessary conditions on the airline’s flight permits.
Rex Group (Australia) has officially commenced a sale and/or recapitalization process, following its recent financial difficulties. EY Australia, the appointed administrator, is overseeing the restructuring, aiming to secure the airline’s future through a potential sale or new capital injection.
Regional Express (Australia) has officially entered the sale process, as administrators work to find a buyer for the collapsed regional airline. The development comes over a week after the Australian Labor government suggested it could step in and purchase the airline should private investors fail to materialize.
Hawaiian Airlines has confirmed further delays in the delivery of its remaining Boeing 787s, with the timeline now extending out to 2029. This follows an update from Boeing, as the manufacturer continues to face production and supply chain challenges.
airBaltic (Latvia) is considering pushing back its planned IPO to early 2026, as CEO Martin Gauss acknowledged that ongoing engine delivery challenges are restricting the airline’s growth trajectory.
After 50 days of being grounded, Jin Air’s B737-800, serial 41348, has finally left Muan Airport, where it had been stranded due to the runway closure caused by the Jeju Air B737-800 crash.
Airbus is facing significant supply chain challenges, leading to a delay of up to one year for the A350F freighter program. Additionally, the manufacturer is encountering hurdles in increasing A350 production in the coming months due to component shortages and logistical constraints.
