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The Walt Disney Company has many tentacles as an entertainment giant, but its flagship property is still Walt Disney World in Orlando. And despite its ongoing saga with Florida Governor Ron DeSantis, the property isn't going anywhere. Disney Parks Chief Josh D’Amaro said the highly publicized verbal battle of words with the governor has had [...]
Boeing has tapped into public credit markets to raise $10 billion as it continues to navigate significant financial and operational hurdles. This fundraising effort comes at a crucial juncture for the aerospace giant, which is still grappling with the fallout from its 737 Max 9 door plug incident in January, alongside efforts to ramp up [...]
The Supreme Court of India is set to hear a new legal appeal against the decision by the National Company Law Appellate Tribunal (NCLAT) that approved the transfer of ownership of the defunct Jet Airways to the Jalan Kalrock Consortium (JKC). This latest development adds another layer of complexity to the already tumultuous acquisition process. [...]
Pakistan International Airlines (PIA), the national carrier, continues to navigate financial turbulence, with significant debts anchoring its progress amid plans for privatization. Contrary to several media reports, the Pakistani government has not yet transferred the airline's hefty liabilities to a separate entity, a crucial step intended to make PIA more appealing to potential investors. The [...]
Spirit Airlines announced on April 8 that it has entered into an agreement with Airbus to postpone the delivery of all aircraft originally scheduled for the second quarter of 2025 through 2026. This strategic move aims to conserve cash as the U.S. carrier navigates financial challenges, resulting in the planned furlough of approximately 260 pilots. [...]
flyExclusive, a leading private charter service based in North Carolina, has proudly announced the induction of its first Challenger 350 "super-midsize" business jet into its fractional ownership program. The company, renowned for its on-demand charter services, has set ambitious plans to incorporate up to 20 Challenger 350 jets by the end of 2025, signaling a [...]
The UK High Court has established its authority to preside over a $10 billion dispute involving aircraft lessors and several global reinsurers over airplanes stranded in Russia since 2022. This landmark decision paves the way for lessors to potentially recover losses for aircraft that they have been unable to repatriate following the termination of lease [...]
Kenya Airways is actively engaging with various airlines to secure a strategic equity partnership, aiming to raise between $1 billion and $1.5 billion. This capital injection is vital for the flag carrier to exit its negative equity position, repay debts, and support future growth, as outlined by CEO Allan Kilavuka in discussions with the China [...]
The outgoing head of the European Union Aviation Safety Agency (EASA) has sounded the alarm on the need for enhanced resources and a broadened mandate as the agency confronts systemic risks within the aviation sector. This plea comes amidst heightened safety concerns and the agency's struggle to keep pace with its American counterpart, the Federal [...]
Boeing announced the departure of CEO Dave Calhoun and the appointment of Stephanie Pope, a seasoned executive with over thirty years at the aerospace giant, to helm the commercial airplanes division. This strategic move comes as Boeing, valued at $117 billion, faces a pivotal moment, grappling with a series of crises that have eroded public [...]
