Southwest Airlines, one of the largest low-cost carriers in the world and a dominant player in U.S. domestic aviation, has officially joined the International Air Transport Association (IATA). This development signifies a notable milestone in the airline’s evolution, aligning it more closely with global industry standards and practices.
Tulpar Air, a Russian aviation company, has initiated legal proceedings against its founder and former chairman Azat Khakim, filing a lawsuit with the Arbitration Court of Tatarstan to recover $3 million in damages. The claim centers on alleged financial misconduct or mismanagement that the company says caused measurable harm to its operations and reputation.
CAE (US) has announced the appointment of four new directors to its Board of Directors, including Calin Rovinescu, who will serve as the Chair of the Board. The new board members include Peter Lee, Katherine Lehman, and Louis Tetu, bringing extensive leadership and industry expertise to CAE’s governance team.
The Civil Aviation Authority of Bangladesh (CAA) has announced stringent measures to recover outstanding dues from airlines, with a total of $639.4 million owed by six domestic carriers. Among the defaulters are three airlines that ceased operations several years ago, as well as active carriers, with Biman Bangladesh Airlines holding the largest share of the debt.
CDB Leasing, a leading aircraft lessor based in China, has announced the resignation of Li Haijian as a non-executive director. The resignation was attributed to a change in his work arrangements, according to an official statement from the company.
