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Kenya Airways Reviewing Stake in Precision Air Amid Turnaround Plan

Kenya Airways (KQ) has initiated a strategic review of its 41.2% stake in Precision Air (Tanzania), citing negative shareholder equity and the need to align with its broader turnaround strategy. The stake, currently valued at approximately $498 million, is under assessment as KQ seeks to optimize its financial position and restructure its investments.

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T’way Air CEO Jeong Hong-geun Steps Down as Daemyung Sono Group Takes Ownership

T’way Air (South Korea) CEO Jeong Hong-geun has stepped down after failing to secure a fourth consecutive term, following the airline’s acquisition by Daemyung Sono Group. This leadership transition marks a significant shift for the South Korean low-cost carrier, which is now under new ownership.

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Hawaiian Airlines Flight Attendants Reach Tentative Contract Extension Through 2028

Hawaiian Airlines (US) flight attendants’ union has reached a tentative agreement on a contract extension, which will keep the existing terms in place while providing stability and labor certainty until February 2028. This agreement marks a significant step in securing long-term workforce agreements, ensuring operational continuity and labor peace for the airline.