Copenhagen Airport (Denmark) is now majority owned by the Danish State, following the acquisition of a controlling stake from ATP (Denmark) for $4.52 billion. This significant transaction positions the Danish State as the primary shareholder in one of Scandinavia’s busiest airports.
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Bombardier has announced the resolution of its long-standing lawsuit against Honeywell International (US). Initially filed in 2016 in the Superior Court of Quebec, the dispute has now been settled through an agreement whose terms remain confidential.
The pilots’ union at South Korea’s Asiana Airlines has filed an injunction to prevent the sale of Asiana Cargo to fellow South Korean carrier Air Incheon. The union argues that the sale process involved improper exercise of voting rights, raising concerns about procedural fairness and transparency in the decision-making process. This legal challenge underscores the…
Lufthansa (Germany) has issued an urgent appeal to German Chancellor Olaf Scholz and European Commission President Ursula von der Leyen, highlighting critical challenges faced by the European aviation industry. In a formal letter, Lufthansa’s management has demanded enhanced support for the sector to safeguard its competitive position on the global stage.
Brazil is preparing to establish a $690 million credit line by early 2025 to assist financially struggling airlines, according to Ports and Airports Minister Silvio Costa Filho. This government-backed funding initiative aims to stabilize Brazil’s aviation sector, providing crucial financial relief for airlines facing economic challenges due to fluctuating demand and increased operational costs. The initiative is expected to bolster…
Airbus has outlined ambitious production targets for its commercial aircraft programs, setting goals to meet rising global demand. The A220 program aims for a monthly production rate of 14 aircraft by 2026, though profitability remains a challenge, as noted by Airbus executives. Meanwhile, the A320 Family is on track to reach a rate of 75…
Air France-KLM reported solid financial results for the third quarter of 2024, with a 3.7% increase in Group revenues reaching $9.0 billion. The company posted a net income of $824 million, reflecting ongoing efforts to strengthen its position amidst global travel demand fluctuations.
