Southwest Airlines (US) has amended its existing agreement with Elliott Investment Management (US), increasing the firm’s maximum aggregate economic exposure in the airline from 14.9% to 19.9%. The revised agreement allows Elliott to further expand its stake, signaling increased investment interest in the airline.
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Bocomm Leasing, a leading Chinese leasing company, has successfully closed its first offshore RMB aircraft finance leasing deal. This milestone was achieved through its Irish subsidiary, culminating in the delivery of an Airbus A350-900 to Korean Air in late December 2024.
Jet2.com is preparing to further expand its fleet with the upcoming delivery of a brand-new Airbus A321neo, carrying the manufacturer serial number (MSN) 11641. This delivery highlights Jet2.com’s ongoing investment in modern, fuel-efficient aircraft to meet growing demand across its extensive leisure-focused network.
Air India has announced a leadership transition as Klaus Goersch, the airline’s Chief Operating Officer (COO), will step down in January 2025. Klaus will assume the role of Executive Vice President (EVP) and COO at Atlas Air Worldwide Holdings (US). His successor will be Basil Kwak, a senior executive from Vistara, marking another significant personnel movement within the Tata Group’s aviation ventures.
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…
Tunisair, Tunisia’s national carrier, has appointed Halima Khawaja as its new CEO as part of a broader management shakeup and restructuring effort aimed at improving the airline’s operations and financial performance. Khawaja steps into her role with a mandate to guide Tunisair through this critical period, focusing on streamlining processes and optimizing the carrier’s organizational structure to address long-standing challenges.
Southwest Airlines has announced plans to end its fuel hedging policy, marking a major shift in the airline’s financial strategy. The carrier has been one of the few remaining US airlines actively engaged in the oil derivatives market, historically using fuel hedging as a key tool to protect against fuel price volatility.
