CHORUS AVIATION had C$181m net loss, inclusive of a previously disclosed C$187m impairment on discontinued operations, on C$351m revenues in 2Q24 vs C$20.3m net profit on C$327m in 2Q23. It generated C$28.2m in free cash flow.
FUTURE FLIGHT GLOBAL signed MOU with Archer Aviation for planned purchase of up to 116 Midnight eVTOL aircraft worth up to $580m to launch air taxi services in several global markets, increasing Archer's indicative orderbook to $6b.
US DISTRICT COURT dismissed lawsuit under the Clayton Antitrust Act seeking to block merger between ALASKA AIRLINES and HAWAIIAN AIRLINES; deal, to close in mid-2025, still faces regulatory review by US Department of Justice.
CANADA JETLINES announced resignation of four key executives, including its Chief Executive Officer, while emphasizing the need to secure additional capital to continue operations; Board is actively seeking potential sources.
It may or may not be a coincidence that Elliott launched a proxy fight with Southwest just as the firm succeeded in a management shake-up at Starbucks.
The monthly 737 program production rate mismatch between Boeing and Spirit has created a buffer of nearly 130 fuselages awaiting shipment to the manufacturer.
The UAE-based LCC has deferred deliveries of its A320neo family aircraft on order to 2025 in hopes that the new engine technology on the aircraft will mature.
IndiGo has added a new route and additional frequencies to enhance international connectivity across states in South and Central India, starting October 2024.
