Triumph Group, a major aerospace supplier based in the United States, has announced a delay in the issuance of its Q2 fiscal 2025 results. The delay follows a recent favorable settlement with Boeing Commercial Airplanes, related specifically to pricing adjustments on its Interiors contracts. This settlement marks a significant outcome for Triumph Group, potentially impacting…
Texel Air Australasia, a New Zealand-based cargo airline, has received certification approval from the Civil Aviation Authority (CAA) of New Zealand for Extended Diversion Time Operations (EDTO) 120 flights with its Boeing 737-800BCF. This certification allows Texel Air Australasia to operate with extended range capabilities, enhancing the airline’s ability to conduct longer-distance flights with the…
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.
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…
Aurigny, the flag carrier airline of Guernsey, has received a positive assessment following a thorough 2024 review of its fleet and strategic decision-making by the States Trading Supervisory Board (STSB). The findings conclude that there is “no evidence of negligence or gross misjudgment by management,” confirming the airline’s commitment to sound operational practices and prudent…
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…
Argentina and Mexico have signed an open skies agreement, marking a milestone in bilateral cooperation and expanding air connectivity between the two countries. This agreement allows airlines to operate flights without restrictions on frequency or destinations, fostering tourism and trade growth.
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.
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…
The Estonian government has given preliminary approval to proceed with negotiations with aviation investor Lars Thuesen regarding the sale of Nordic Aviation Group and Transpordi Varahaldus, two significant players in Estonia’s aviation sector. This conditional approval allows for the continuation of talks, provided that the Nordic Aviation Group’s board meets specific business performance targets in…
