Dubai Aerospace Enterprise (DAE), based in the UAE, has announced cash proceeds of approximately US$201 millionfrom settlements with selected insurance companies. The settlements relate to aircraft previously leased to airline carriers in Russia.
IndiGo, India’s largest airline by market share, has expanded its fleet with the delivery of a leased Airbus A320, identified by serial number 4399. The aircraft is powered by CFM56-5B4/3 engines, providing enhanced performance and reliability.
Aero Controls (US) has announced an expansion in responsibilities for Scott Carpenter, currently the Director of Business Development for North America. In his new, broadened role, Carpenter will now oversee international customer relationships, enhancing Aero Controls’ global market reach and service adaptability. Carpenter’s expertise in business development has been pivotal to Aero Controls’ growth in North America, making him a…
IAG (International Airlines Group), headquartered in the United Kingdom, has finalized a $132 million compensation payment to Air Europa, the Spanish airline, for the canceled acquisition deal. The settlement concludes IAG’s financial obligations to Air Europa, following its decision not to proceed with the purchase. The payment reflects a negotiated agreement to resolve outstanding claims related to…
Australia has secured Open Skies agreements with both Canada and Malaysia, granting airlines from these countries unrestricted rights to operate air passenger services to and from Australia starting in 2026. These agreements mark a significant shift in Australia’s aviation landscape, aiming to enhance connectivity and boost competition on international routes. The Open Skies policy is designed to promote greater accessibility, allowing airlines to operate…
