IndiGo, India’s largest airline by market share, has appointed Mike Whitaker, the former Administrator of the Federal Aviation Administration (FAA), as an independent director to its board. The appointment brings a seasoned aviation leader with global regulatory experience into the airline’s governance framework.
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Southwest Airlines, the largest domestic carrier in the United States, has expanded its fleet with the delivery of one Boeing 737-8, bearing serial number 68632. The aircraft is powered by LEAP-1B28 engines, supplied by CFM International, and represents another step in the airline’s continued modernization of its all-Boeing fleet.
China Eastern has expanded its modern single-aisle fleet with the delivery of one Airbus A321neo, bearing serial number 12372. The aircraft is powered by LEAP-1A32 engines produced by CFM International, underscoring the airline’s continued investment in next-generation fuel-efficient technology.
Surf Air Mobility (US) has unveiled a strategic initiative to minimize potential equity dilution significantly. The company announced plans to reduce the number of shares registered by approximately 35.6 million, which is expected to result in a 90% decrease in potential future equity dilution.
KLM (Netherlands) has announced a reduction of 250 jobs in non-operational roles as part of a $469 million cost-saving initiative aimed at optimizing its operational efficiency. The move comes as the airline continues to adapt to financial pressures and changing market conditions.
Virgin Australia, currently majority-owned by Bain Capital (US), is actively preparing for a significant transition back to public trading through an Initial Public Offering (IPO) on the Australian Securities Exchange (ASX). This week, Virgin Australia executives are scheduled to meet with potential investors to discuss the upcoming IPO and outline the airline’s strategic direction and financial…
