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Stonepeak Acquires Air Transport Services Group

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Air Transport Services Group (ATSG) has officially completed its acquisition by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The deal, structured as an all-cash transaction, assigns ATSG an enterprise valuation of approximately US$3.1 billion, signaling a major move within the logistics and air transport sectors.

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Joby Aviation and Virgin Atlantic Partner to Launch Air Taxi Service in the UK

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Joby Aviation (US) has announced a strategic partnership with Virgin Atlantic (UK) to introduce an air taxi service in the UK, marking a significant milestone in urban air mobility. This collaboration aims to redefine regional and city-based transportation with electric vertical takeoff and landing (eVTOL) aircraft.

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FlySafair Faces Compliance Issue with South African Foreign Ownership Regulations

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FlySafair, a low-cost airline based in South Africa, is currently under scrutiny from the International Air Services Council (IASC) for non-compliance with local regulations regarding foreign ownership. According to the IASC, FlySafair’s current ownership structure does not align with South Africa’s regulatory limits on foreign ownership for domestic airlines. This compliance issue poses a potential…

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Eurowings Appoints Irina Haselmann as Managing Director of Eurowings Holidays

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Eurowings (Germany) has announced the appointment of Irina Haselmann as managing director of its newly launched tour operator, Eurowings Holidays. This move aligns with the airline’s strategic expansion into the travel and tourism sector, offering customers comprehensive holiday packages.