AP Holdings, a major shareholder of South Korean airline Air Premia, has announced a board meeting with the objective of solidifying its management rights within the airline. This move underscores AP Holdings’ intent to exercise greater influence over Air Premia’s strategic direction and operational management as the airline seeks to expand its presence in the…
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…
GOAL, a prominent aircraft leasing and asset management company based in Germany, has welcomed Vicente Alava Pons as its new Managing Director. This leadership change reflects GOAL’s commitment to advancing its strategic objectives and enhancing its position in the aviation leasing sector.
Turkish Technic has recently signed two significant agreements with SunExpress Airlines, a joint venture of Turkish Airlines and Lufthansa.
SkyWest, Inc. (NASDAQ: SKYW), a leading regional airline in North America, has announced its financial results for the third quarter of 2024, reporting a 10% increase in revenue, reaching $1.1 billion. This growth is attributed to a surge in passenger demand and enhanced operational efficiency.
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…
Riyadh Air and Aramco, two of Saudi Arabia’s leading entities, have signed a Memorandum of Understanding (MOU) aimed at exploring potential collaboration in the areas of low-carbon fuel supply and sustainability. This agreement sets the stage for both companies to jointly pursue environmental goals that align with Saudi Arabia’s Vision 2030 strategy, which emphasizes sustainable…
Regional Express (Rex), an Australian airline, has been granted a temporary reprieve in legal proceedings brought by U.S.-based aviation company Jet Midwest. The dispute centers on four Saab 340 aircraft, which Jet Midwest claims were allegedly taken without proper authorization. Jet Midwest is seeking $7.2 million in damages, citing financial losses associated with the aircraft’s…
The United States has extended sanctions on Mahan Air, a major Iranian airline, along with its former partners for another year. Originally imposed due to concerns about the airline’s alleged ties to Iran’s Revolutionary Guard and other restricted entities, these sanctions continue to restrict Mahan Air’s international operations, limiting access to financial services, aircraft parts,…
LATAM Colombia has announced the appointment of Erika Zarante Bahamon as its new Chief Executive Officer, effective January 1, 2025. Zarante Bahamon will succeed Santiago Alvarez, who will move into the role of Chief Commercial Officer, focusing on advancing LATAM Colombia’s commercial strategy as the airline positions itself for growth in the competitive Colombian aviation…
