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…
Boeing and its machinists‘ union have reached a tentative agreement on a new contract proposal, which includes a pay raise aimed at resolving a strike that has affected Boeing’s operations for nearly seven weeks. The new offer comes after extensive negotiations and is set for a union vote on November 4, 2024. If accepted, this…
Alma Air, a new Colombian airline preparing for its official launch in the first quarter of 2025, has appointed Rupert Stebbings as Chief Executive Officer, effective immediately. Previously serving as Chief Commercial Officer (CCO), Stebbings will now lead the company’s overall strategic direction while continuing to oversee its commercial strategy. This dual role reflects Alma…
The potential privatization of Aerolineas Argentinas, the national airline of Argentina, is attracting significant interest from key players in the aviation industry. GOL Linhas Aéreas of Brazil, the UK-based Abra Group, and industry veteran German Efromovich are reported to be evaluating the opportunity to invest in the airline. However, before any transactions can take place,…
Air Vanuatu, the national airline of Vanuatu, has entered negotiations to sell a 49% minority stake to potential investors, with a focus on revitalizing its financial health and operational reach. The Vanuatu government plans to retain a controlling 51% majority, ensuring national oversight while allowing for strategic investment and expertise from private stakeholders. This move…
The Portuguese Court of Auditors has identified non-compliance by Portugalia Airlines concerning the requirement for prior inspection on two amendments to an ACMI (Aircraft, Crew, Maintenance, and Insurance) contract. The Court determined that Portugalia, a subsidiary of TAP Air Portugal, neglected to follow procedural compliance by omitting required inspections before implementing contract modifications. Accountability for…
GOAL Aircraft Leasing, a prominent Germany-based aircraft leasing company, has strengthened its leadership team with the recent appointments of Joanne O’Connor as Director of Asset Management and Guilherme Guerra as Director of Sales & Marketing. These strategic additions reflect GOAL’s commitment to enhancing its operational capabilities and fostering growth in the competitive aircraft leasing market.
El Al, Israel’s flagship airline, has officially withdrawn its bid to acquire a 45% stake in Isracard, the country’s largest credit card company, citing challenges in meeting the regulatory and acquisition requirements before the October 31, 2024, deadline. This retraction marks a strategic shift for El Al, which had initially sought the acquisition to diversify…
China’s Commercial Aircraft Corporation (COMAC) has opened an office in Hong Kong, its second international location established this week, following the launch of a Singapore office. This expansion marks a strategic step for COMAC, the developer of China’s ARJ21 and C919 commercial aircraft, as it aims to increase its footprint in key global markets and…
