airBaltic has rescheduled the start date for its Riga–Rzeszow service to November 8, 2024. Initially set for October 28, the route will now operate twice weekly, served by Airbus A220-300 aircraft. This adjustment aligns with airBaltic’s winter strategy, which features new seasonal routes across the Baltic region, including connections from Riga, Tallinn, and Vilnius to…
In September 2024, Asia Pacific airlines experienced substantial growth in both international passenger and cargo traffic, according to the Association of Asia Pacific Airlines (AAPA). International passenger numbers rose by 18.8% year-on-year, totaling 29.2 million, nearly reaching pre-pandemic levels at 97.5% of September 2019 volumes. Revenue passenger kilometers (RPK) showed a 19.3% increase, fueled by…
Ireland-based aircraft leasing firms, widely favored by Indian airlines for fleet expansion, are now under scrutiny from India’s tax authorities. The investigation stems from concerns that these lessors might be exploiting favorable tax treaties, specifically by structuring their businesses in Ireland to minimize tax liabilities in India. Leasing companies registered in Ireland benefit from the…
El Salvador is strategically advancing its open skies agreements, seeking to foster economic growth, increase airline competition, and lower air travel costs. While the country enacted open skies policies in 2013, the government, under President Nayib Bukele, has amplified its efforts recently, securing 22 agreements globally, including new partnerships with Brazil and Uruguay. Vice Minister…
Brazil’s government has indicated willingness to facilitate an agreement between TAP Air Portugal and Brazil’s Azul regarding a €200 million debt but emphasized no governmental interference. Silvio Costa Filho, Brazil’s Minister of Ports and Airports, reiterated this stance following discussions in Lisbon with Portuguese officials, including Miguel Pinto Luz, Portugal’s Minister of Infrastructure. Both governments…
Indian airline SpiceJet is facing an insolvency petition filed by Eusu Logistics in the National Company Law Tribunal (NCLT) over unpaid dues totaling ₹1.94 crore. This development follows ongoing financial challenges for the airline, which has recently settled multiple creditor disputes, including a significant $4.5 million agreement with Shannon Engine Support. SpiceJet’s financial restructuring efforts…
A recent ruling by a U.S. federal appeals court mandates Southwest Airlines to face a lawsuit filed by its pilots’ union. The union alleges that Southwest violated federal labor laws by intimidating and disciplining pilots for their association with the union. The lawsuit claims Southwest’s actions breach federal protections that safeguard pilots’ rights to unionize…
The Pakistani government is set to hold the final auction for Pakistan International Airlines (PIA) on October 30, 2024, marking a significant step in its broader economic reform agenda. This privatization move, supported by the International Monetary Fund (IMF), aims to alleviate the national carrier’s financial struggles while addressing broader economic challenges through structural reforms….
Frontier Airlines posted a strong third quarter in 2024, reporting a 6% increase in operating revenue to $935 million. The airline’s adjusted pre-tax income margin reached 2.9%, supported by an improved revenue per available seat mile (RASM) of 9.28 cents, a result of strategic capacity adjustments and cost-saving initiatives. With a capacity growth of 4%,…
Crestone Air Partners, Inc. (CAP) has welcomed Alan Kehoe as Vice President of Marketing & Trading. Kehoe brings a wealth of experience in aviation leasing and trading, previously holding prominent roles such as Director of Aircraft and Engine Trading at AerSale, Inc., and Vice President of Origination at Aquila Air Capital. His appointment strengthens Crestone’s…
