On Tuesday, news leaked that JetBlue had made a $3.6 billion takeover offer for Spirit Airlines, the Miramar, Fla.-based ultra-low-cost carrier that in February agreed to terms for a merger with close competitor Frontier Airlines. The early announcement — in addition to a formal release from the airline after the market closed — led to […]
Following reports by the New York Times earlier Tuesday, JetBlue announced this afternoon that it had submitted a $3.6 billion all-cash offer for Miramar, Fla.-based Spirit Airlines, putting the New York-headquartered carrier in direct competition with Frontier Airlines — the ultra-low-cost carrier with which Spirit had agreed to merge earlier this year. Spirit’s shares jumped […]
Following an extensive review of the distribution of board seats and foreign capital investment, the Canadian Transportation Agency moved forward with a second stage of an investigation that aims to clarify Flair Airlines’ compliance with laws that regulate foreign investor maximum share in an operator based in Canada. Canadian law forbids for foreign capital to […]
Boeing and Dominican Republic-based Arajet announced that the Caribbean airline has ordered 20 Boeing 737 MAX aircraft and an option to purchase an additional 15 aircraft. The order is the largest deal ever placed by a Caribbean airline and will be the first customer for the Boeing 737-8-200 in the region, the high-density version of […]
It is no surprise that 2021 was a bad year for aviation globally, however, for many players, a timid recovery began to be seen. In the case of Boeing, such recovery became visible in the last quarter but did not prevent a loss of $4.3 billion, pushed mainly by the production problems of its airplanes. […]
U.S. airline industry earnings season continued Thursday morning as rival legacy carriers American Airlines and United Airlines released figures from the fourth quarter and all of 2021. The pair of airlines followed competitor Delta Air Lines’ lead with a beat on the top and bottom lines. United reported a total load factor — a measure […]
Boeing came away from a day at the Dubai Airshow with the headline news for the first time on Tuesday as the American aircraft manufacturer inked a deal with Indian startup Akasa Air for 72 Boeing 737 MAX aircraft. Valued at nearly $9 billion at list prices, the bill is likely to go to Inidan […]
The Dubai Airshow this week is bringing the aviation community back together in a way not seen since before the Covid-19 pandemic took hold of the world in early 2020. Industry leaders in aircraft manufacturing, airline and aircraft servicers, commercial airlines, and business aviation companies are all making appearances as look to show new products, […]
Over 3,000 Portuguese passengers were affected this week with the cancellation of 16 flights of Ryanair connecting Portugal to Morocco. The cancellations were triggered by the country’s civil aviation regulator – the National Civil Aviation Authority (ANAC) — since it did not provide the licenses for the operations in time. These are new routes between […]
As of Oct. 28, 108.8 million seats have been scheduled to fly into and out of all airports in the Aena (Aeropuertos Españoles y Navegación Aérea) network — a group of airports in Spain owned by operator Aena — representing an increase of 4.2% compared to the offering for the same period in 2019, before […]
