Argentina and the Titan Consortium (US) have reached a final settlement in the Aerolíneas Argentinas expropriation case, concluding a long-standing dispute over the airline’s nationalization. Under the terms of the agreement, Argentina is required to pay $389.5 million, which includes accumulated interest, as compensation to the Titan Consortium. This ruling brings closure to a significant legal and financial case concerning…
Porter Airlines, a regional airline based in Canada, is expanding its maintenance capabilities through the lease of a 20,000 square foot hangar at Halifax Stanfield International Airport. The newly secured facility will provide dedicated support for the airline’s growing E195-E2 and DHC8-400 fleets.
Ryanair has signed a multi-year Memorandum of Understanding with CFM International to transition the maintenance of approximately 2,000 engines from outsourced providers to an in-house program.
IndiGo Prepares For Airbus A321neo Delivery as the Indian carrier continues to expand its narrowbody fleet with additional high-capacity aircraft optimized for efficiency and network growth. The upcoming delivery reflects IndiGo’s long-term strategy of leveraging the Airbus A320neo family to support rising demand across domestic and international markets.
Lufthansa, Germany’s flagship airline, is intensifying its efforts to raise liquidity by the end of 2024 through the sale/leaseback (SLB) of an additional nine A320neo and A321neo aircraft. This financial strategy allows Lufthansa to free up cash while retaining operational use of these aircraft, supporting the airline’s liquidity needs amidst ongoing market pressures. Lufthansa has previously employed this approach, raising $247 million during…
A Saudia Airlines Boeing 787-9 Dreamliner, registered HZ-AR27, experienced an unusual incident today at London Heathrow Airport (LHR) when its emergency slide unexpectedly deployed while taxiing across a runway. The aircraft had not yet departed and was in the process of taxiing when ground crews were startled by the sudden release of the slide from the fuselage.
