American Airlines (US) has been found to have violated federal law by allocating employee retirement funds to investment companies that offer Environmental, Social, and Governance (ESG) products, according to a recent court ruling. The decision marks a significant victory for critics of ESG-focused investment strategies, who argue that such practices prioritize progressive ideologies over financial returns.
Asiana Airlines (South Korea) faced legal opposition from its pilots’ union regarding the proposed sale of Asiana Cargo, a key business unit of the airline. The pilots’ union filed an injunction to halt the sale, citing concerns over operational stability and workforce implications. However, the South Korean courts have rejected the injunction, allowing the sale process to proceed.
The Azores parliamentary group has requested clarification from the Regional Government concerning a $3 million debt incurred by SATA from a wet lease agreement involving an Airbus A330 from Hi Fly, a Portuguese airline. This debt, which the parliamentary group attributes to SATA’s previous management decisions, has become a significant point of contention in the region. Recently, a court ruling favored both Hi Fly and AELF Aircraft Engine Lease…
