SKYSHARE unveiled SFX+ fractional ownership program that uses day-based model that provides guaranteed access to G450s, Challenger 300s, G200s, Citation Excels, Citation CJ2s, and PC-12s; a 1/16th share provides 20 days per year.
SPICEJET is acquiring a sixth Dash 8-400 (TBA) from NAC as part of settlement agreement inked in 2023. It also assumed full ownership of 13 Dash 8-400s from Canada's EDC and three 737s from Cross Ocean Partners and AerCap.
SPIRIT AIRLINES secured agreement to receive monthly credit from IAE (Pratt & Whitney) through 2024 as compensation for each/all aircraft unavailable for operational service due to GTF engine issues; estimated impact is $150m-$200m.
IATA reports year-over-year global pax traffic was up 25.1% in February on 18.7% higher capacity, surpassing the pre-pandemic 2019 threshold by 5.7% (PLF was also closing in on 2019 levels); cargo rose 11.9% on 13.4% higher capacity.
GLOBAL CROSSING AIRLINES (GlobalX) received US DOT approval to increase fleet from 16 to 20 aircraft; it plans to add two A320-200s and two A321-200s to fleet by Summer 2024 to strengthen its ACMI pax charter business.
