Play Airlines, the low-cost carrier based in Iceland, has accepted a settlement offer from the Financial Supervisory Authority (FME) relating to issues around the disclosure of its lower revenue generation in 2022. As part of the settlement, the airline has agreed to pay a fine of US$120,800.
American Airlines (US) and Sabre (US) have reached a tentative settlement in their high-profile legal battle over $139 million in legal fees incurred by American Airlines after a 2022 trial. The airline had previously been awarded just $1 in damages, leading to a prolonged dispute over the recovery of associated legal expenses. The specific terms of the settlement remain undisclosed, according to…
Argentina and the Titan Consortium (US) have reached a final settlement in the Aerolíneas Argentinas expropriation case, concluding a long-standing dispute over the airline’s nationalization. Under the terms of the agreement, Argentina is required to pay $389.5 million, which includes accumulated interest, as compensation to the Titan Consortium. This ruling brings closure to a significant legal and financial case concerning…
Boeing has reached a last-minute settlement with the family of a woman who was tragically killed in the 2019 Ethiopian Airlines B737 MAX crash. This agreement allows Boeing to avoid a federal civil trial that was scheduled to proceed, offering closure to one of the many families affected by the disaster. The Ethiopian Airlines crash, involving a Boeing 737 MAX aircraft, was…
Indian low-cost carrier SpiceJet has resolved its longstanding dispute with Shannon Engine Support (SES), an Ireland-based engine leasing company, through a settlement agreement valued at $2 million.
