A new agreement between the United States and the European Union will preserve tariff-free trade in aircraft and aircraft parts, shielding the aerospace industry from potential disruptions amid broader tariff tensions. The deal, announced on July 28, 2025, reinstates a zero-for-zero tariff structure on jets and components, averting what could have been a severe blow to global production and…
The government of Portugal has reiterated that the ongoing privatization of TAP Air Portugal is being driven primarily by strategic national interests rather than financial motivations. Officials emphasized that TAP’s role in the country’s connectivity, tourism, and international presence outweighs its balance sheet when evaluating potential buyers.
In the wake of the Korean Air-Asiana Airlines merger, Korea’s Fair Trade Commission (KFTC) and the Ministry of Land, Infrastructure, and Transport (MOLIT) have formalized a business agreement to jointly monitor the implementation of corrective measures required as part of the merger approval process. This cooperation aims to ensure fair competition and compliance with aviation regulations following the integration of Korea’s two largest airlines.
