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South African Airways Pilots End Strike Following Salary Increase

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South African Airways (SAA) pilots have officially ended their strike after successfully negotiating a salary increment. The resolution of the dispute ensures the restoration of normal operations for the airline, which had been impacted by the industrial action.

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SpiceJet Faces Insolvency Petition Amidst Creditor Settlements

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Indian airline SpiceJet is facing an insolvency petition filed by Eusu Logistics in the National Company Law Tribunal (NCLT) over unpaid dues totaling ₹1.94 crore. This development follows ongoing financial challenges for the airline, which has recently settled multiple creditor disputes, including a significant $4.5 million agreement with Shannon Engine Support. SpiceJet’s financial restructuring efforts…

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IAG CEO Awaits Decision on Air Europa Capital Increase

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IAG CEO Luis Gallego has not yet confirmed whether the group will take part in Globalia’s proposed capital increase for Air Europa, aimed at strengthening the Spanish airline’s financial stability. This potential investment would enhance Air Europa’s fiscal resilience, particularly valuable as the airline seeks to recover from recent economic challenges and compete effectively within Europe.

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Riyadh Air and Aramco Sign MOU for Low-Carbon Fuel and Sustainability Collaboration

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Riyadh Air and Aramco, two of Saudi Arabia’s leading entities, have signed a Memorandum of Understanding (MOU) aimed at exploring potential collaboration in the areas of low-carbon fuel supply and sustainability. This agreement sets the stage for both companies to jointly pursue environmental goals that align with Saudi Arabia’s Vision 2030 strategy, which emphasizes sustainable…

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ACIA Aero Leasing Sells ATR72-500 to Air Creebec

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ACIA Aero Leasing (Ireland) has announced the sale of an ATR72-500 LCD freighter, identified by serial number 727, to Air Creebec (Canada). This transaction marks a significant milestone as it introduces the first ATR aircraft to Air Creebec’s fleet. The newly acquired freighter is set to enter operations in December 2024.