Heston Materials, based in Lithuania, has announced the creation of a new Engines Division. This expansion is underscored by the appointment of Semih Ozdemir to lead this newly established division.
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Cathay Group, the parent company of Cathay Pacific, has expressed strong support for the Hong Kong SAR Government’s efforts to further establish Hong Kong as a premier international aviation hub.
Spirit Airlines, the U.S.-based ultra-low-cost carrier, has announced that CEO Ted Christie is stepping down from his role. While a formal search is underway for his successor, the company has established an interim office of the CEO to manage day-to-day operations and executive oversight.
Air Canada has announced a significant leadership reshuffle set to take effect on 01 May 2025, with the appointment of three senior executives to newly defined roles as the airline prepares for its next strategic growth phase.
Eviation (US), the developer of the all-electric Alice aircraft, has reportedly laid off most of its workforce as it seeks new funding sources to continue operations. The move highlights ongoing financial difficulties for the company as it attempts to navigate challenges in the electric aviation sector.
Norwegian has implemented Program X, a strategic profitability program aimed at enhancing cost efficiency and operational synergies. The initiative is led by Jeanette Bo-Alnes, the newly appointed Chief Performance Officer, and will run until at least the end of 2026.
airBaltic (Latvia) has announced a temporary 40% wage reduction for its management board, a voluntary decision aimed at supporting the airline’s financial stability ahead of its planned initial public offering (IPO). The measure will remain in effect until the successful completion of the share listing process.
