In a landmark deal, Air Lease Corp. has agreed to a $7.4 billion sale led by Sumitomo Corp., marking a significant shift in the aviation finance sector. Investors will receive $65 per share in cash.
Spirit Aviation Holdings Inc. has filed for bankruptcy for the second time in a year, indicating a critical juncture for the low-cost carrier as it navigates challenges in fleet management and market volatility.
Spirit Airlines has filed for bankruptcy protection just months after emerging from Chapter 11. Despite the setback, the airline assures passengers can still book flights and use loyalty points during the restructuring. Union leaders warn employees to prepare for potential challenges ahead.
Spirit Airlines has filed for bankruptcy protection just months after emerging from a previous Chapter 11 reorganization. Despite this, the airline assures passengers that booking and travel will continue as normal during the restructuring process.
In a shocking turn of events, Spirit Aviation Holdings Inc. has filed for Chapter 11 bankruptcy for the second time in less than a year. With assets and liabilities ranging from $1 billion to $10 billion, the airline struggles to recover amidst ongoing negotiations with major stakeholders.
Boeing Co. is on the verge of finalizing a monumental deal with China for up to 500 aircraft, potentially ending a lengthy sales drought that has persisted since 2017. The intricate negotiations are focused on specific jet models and delivery timelines.
In a groundbreaking move, Air Canada flight attendants have reached a tentative agreement that ends unpaid work. This deal may influence upcoming labor negotiations across North America, amid rising costs and demands for better pay practices.
Air Canada has reached an agreement with its flight attendants' union, ending a strike that disrupted travel for hundreds of thousands. Flights are set to resume gradually, but some cancellations will persist as operations stabilize.
In a bold move, over 10,000 Air Canada flight attendants are continuing their strike despite back-to-work orders from the government. Union leaders criticize the intervention as a violation of workers' rights amid ongoing negotiations for better pay.
Air Canada is resuming its flights after a cabin crew strike forced the cancellation of 700 daily flights. Thousands of flight attendants walked off the job, leading to a government intervention for a resolution.
