Spirit Airlines is not convinced yet that the unsolicited offer of JetBlue ‘constitutes a superior proposal’ compared to that of Frontier Airlines, but it could be. It is open to engaging in discussions with JetBlue, Spirit says in a short…
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Aircraft insurance rates have surged, following the situation with aircraft confiscated and nationalized by the Russian authorities. Robert Martin, managing director and CEO of BOC Aviation, told the CAPA Aviation Leader Summit in Manchester that the effect is already visible short-term…
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The Latin American airline industry has had the fastest recovery from the COVID-19 pandemic worldwide. According to data released by the International Air Transport Association (IATA), the region has recovered around 75% of its RPK compared to 2019 levels (the…
In a year of deep restructuring and debt-shedding, Philippine Airlines has turned a loss into a solid in 2021. The carrier reported a Ps 60.6 billion net profit after tax, compared to a Ps 73.1 billion loss in the previous year,…