Global Crossing Airlines (GlobalX), based in the United States, is shifting its focus toward passenger aircraft to meet rising demand, delaying a previously planned cargo aircraft delivery from the fourth quarter of this year to late 2025. This strategic decision allows GlobalX to allocate resources more efficiently toward expanding its passenger services, aligning with current market demand….
Fitch Ratings has recently assigned a ‘BB-’ rating to the special facility revenue bonds proposed by the City of Houston, with a Recovery Rating of ‘RR4’. These bonds, which are guaranteed by United Airlines Holdings (US), represent an important financial measure designed to support airport and related infrastructure within the Houston area. The assigned BB- rating indicates a non-investment grade, yet…
Rumors have surfaced regarding Aerolíneas Argentinas potentially being acquired by a consortium involving Delta Air Lines from the United States and Avianca of Colombia. The Argentine government, which holds a stake in Aerolíneas Argentinas, is reportedly weighing a purchase proposal put forth by the two airlines, suggesting potential international expansion for the Argentine carrier under new ownership. This rumored deal,…
Lilium N.V., a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has announced that it received a written notice from the Nasdaq Listing Qualifications Department on October 28, 2024. This notice follows the insolvency applications of Lilium GmbH and Lilium eAircraft GmbH, the company’s principal operating wholly-owned German subsidiaries, filed in the…
