IAG (International Airlines Group), headquartered in the United Kingdom, has finalized a $132 million compensation payment to Air Europa, the Spanish airline, for the canceled acquisition deal. The settlement concludes IAG’s financial obligations to Air Europa, following its decision not to proceed with the purchase. The payment reflects a negotiated agreement to resolve outstanding claims related to…
AerCap Holdings, an aircraft leasing company based in Ireland, has entered into a settlement agreement with one of its insurers. Under the terms of the settlement, AerCap expects to receive a payout of less than half of the originally anticipated $250 million, amounting to below $125 million. This agreement also entails adjustments to AerCap’s insurance coverage limits, with aircraft and hull…
FlySafair, a South African low-cost carrier, has filed an urgent application to interdict a recent ruling that places its international operations at risk. The ruling found that FlySafair’s shareholding structure violates South Africa’s foreign ownership regulations, which mandate limits on the percentage of foreign control in local airlines. This regulatory dispute could impact FlySafair’s ability to operate its growing network of…
Boeing has reached a last-minute settlement with the family of a woman who was tragically killed in the 2019 Ethiopian Airlines B737 MAX crash. This agreement allows Boeing to avoid a federal civil trial that was scheduled to proceed, offering closure to one of the many families affected by the disaster. The Ethiopian Airlines crash, involving a Boeing 737 MAX aircraft, was…
Qantas and other industry stakeholders have raised concerns about a proposed partnership between Qatar Airways and Virgin Australia. This agreement would see Qatar Airways operate new international routes on behalf of Virgin Australia, a move that has stirred debate within the Australian aviation industry. The Australian Competition and Consumer Commission (ACCC) is currently reviewing the deal to determine whether it aligns…
A US appeals court has rejected an attempt by American Airlines to overturn a judge’s decision that found its Northeast Alliance with JetBlue to be anticompetitive. This decision aligns with the US Department of Justice (DOJ), which had argued that the partnership restricted competition in the northeastern United States, ultimately disadvantaging consumers. The Northeast Alliance, which American Airlines and JetBlue had formed to expand…
Alain Battisti, CEO of Chalair Aviation, has announced his decision to appeal to the Court of Cassation after the Limoges Court of Appeal upheld a ruling implicating him in complicity in concealed work. This legal battle has garnered attention in the aviation sector, as it addresses serious allegations of concealed work practices within Chalair. Battisti’s appeal to France’s highest court reflects…
Boeing has cited “tangible evidence” in an ongoing lawsuit concerning a B737 MAX deal with Comair, a South African airline that ceased operations in 2022. The lawsuit centers around allegations from Comair that it was deceived by Boeing regarding the safety and reliability of the B737 MAX aircraft. Boeing’s legal response claims that Comair failed to retain records that…
GOL, the Brazilian airline, has entered into a Plan Support Agreement with the Abra Group (UK), its affiliates, and unsecured creditors to facilitate the airline’s financial restructuring under Chapter 11. This agreement will reduce GOL’s prepetition debt and obligations by approximately $2.5 billion, a substantial move aimed at stabilizing its finances and preparing for a sustainable future.
The Nigerian government has called for a bench warrant against Hathiramani Ranesh, the Managing Director of Dana Air, following his failure to appear before the Federal High Court in Abuja. The case involves allegations of fraud totaling $786,000 (approximately ₦1.3 billion), with the Nigerian authorities pushing for legal action due to Ranesh’s absence at scheduled court proceedings. This development reflects Nigeria’s increasing focus on holding corporate…
