Norwegian has implemented Program X, a strategic profitability program aimed at enhancing cost efficiency and operational synergies. The initiative is led by Jeanette Bo-Alnes, the newly appointed Chief Performance Officer, and will run until at least the end of 2026.
Eviation (US), the developer of the all-electric Alice aircraft, has reportedly laid off most of its workforce as it seeks new funding sources to continue operations. The move highlights ongoing financial difficulties for the company as it attempts to navigate challenges in the electric aviation sector.
airBaltic (Latvia) has announced a temporary 40% wage reduction for its management board, a voluntary decision aimed at supporting the airline’s financial stability ahead of its planned initial public offering (IPO). The measure will remain in effect until the successful completion of the share listing process.
On February 11, 2025, airBaltic held a shareholders’ meeting where Andrejs Martinovs and Lars Mydland were elected to the Supervisory Board. Martinovs will serve as Chairman, while Mydland will take on the role of Vice Chairman.
Air France CEO Anne Rigail has raised concerns over the French government’s 2025 budget, which includes a sharp increase in the solidarity tax on airline tickets. She warns that this move could lead to a $100 million revenue decline, impacting the airline’s profitability and competitiveness.
Southwest Airlines has announced that board members Eduardo F. Conrado and Elaine Mendoza will step down in April 2025, finalizing a board restructuring that began in 2024.
Virgin Australia has confirmed that Paul Jones, the airline’s Chief Customer and Digital Officer, will not assume the role of Chief Executive Officer following the planned retirement of current CEO Jayne Hrdlicka. This decision comes amid external pressures and internal deliberations concerning the airline’s leadership succession.
Boliviana de Aviación (BoA) has undergone a leadership change following the resignation of Ronald Casso as CEO. The Bolivian government has appointed Mario Borda as the new CEO in response to recent operational disruptions affecting the airline’s performance.
In a recent development, the Deputy Public Prosecutor in Libya has ordered the detention of senior managers and eight additional staff members from Afriqiyah Airways and Libyan Airlines. The detentions are linked to multiple safety incidents attributed to negligence and non-compliance with aviation safety regulations.
Qatar Airways is nearing the completion of its acquisition of a 49% stake in RwandAir and a 60% stake in the new Bugesera International Airport, following prolonged negotiations with the Rwandan government. The update was confirmed by Rwanda’s President Paul Kagame, who indicated that discussions are now in their final stages.
