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Court Rejects Asiana Pilots’ Union Injunction to Halt Cargo Sale

Asiana Airlines (South Korea) faced legal opposition from its pilots’ union regarding the proposed sale of Asiana Cargo, a key business unit of the airline. The pilots’ union filed an injunction to halt the sale, citing concerns over operational stability and workforce implications. However, the South Korean courts have rejected the injunction, allowing the sale process to proceed.

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American Airlines Reaches Tentative Settlement with Sabre

American Airlines (US) and Sabre (US) have reached a tentative settlement in their high-profile legal battle over $139 million in legal fees incurred by American Airlines after a 2022 trial. The airline had previously been awarded just $1 in damages, leading to a prolonged dispute over the recovery of associated legal expenses. The specific terms of the settlement remain undisclosed, according to…

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Argentina Settles Aerolíneas Argentinas Expropriation Case for $389.5M

Argentina and the Titan Consortium (US) have reached a final settlement in the Aerolíneas Argentinas expropriation case, concluding a long-standing dispute over the airline’s nationalization. Under the terms of the agreement, Argentina is required to pay $389.5 million, which includes accumulated interest, as compensation to the Titan Consortium. This ruling brings closure to a significant legal and financial case concerning…

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Yakutia Ordered to Pay $2.6M to VTK-Avia for SSJ100 Lease Debt

The Moscow Arbitration Court has issued an order requiring Yakutia Airlines, a Russian carrier, to pay $2.6 million to VTK-Avia as part of a partial settlement in a debt recovery case. The case centers on a 2017 lease agreement for two SSJ100 aircraft, with VTK-Avia seeking compensation for unpaid dues under the lease terms. This ruling marks a significant step in resolving a longstanding financial dispute, with…

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SpiceJet Resolves $90.8M Dispute with Export Development Canada

SpiceJet, an Indian low-cost carrier, has fully resolved a $90.8 million dispute with Export Development Canada (EDC) by paying a reduced amount of $22.5 million. This settlement grants SpiceJet full ownership of 13 Q400 aircraft, which were previously financed by EDC. The agreement marks a significant milestone for SpiceJet as it moves toward strengthening its asset base and ensuring greater control…

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IAG Settles $132M Compensation to Air Europa for Canceled Acquisition

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…