“Today, our automatic refund rule goes into full effect,” Transportation Secretary Pete Buttigieg declared in a Monday post on X. “Airlines are required to provide prompt cash refunds without passengers having to ask.” Music to US air travelers’ ears! Under the new…
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Today’s key news for Boeing is their $21 billion capital raise to repair their balance sheet and provide adequate cash over the coming year. With significant scheduled debt repayment and funding of operating losses and cash deficits looming, the company…
Last week, the Czech Ministry of Defense (MoD) signed a contract to acquire two Embraer C-390 Millennium multi-mission transport aircraft. These two NATO-standard aircraft will modernize and enhance the Czech Air Force’s operational capabilities. They can perform various missions, such…
The key news surrounding Boeing today is the company’s move to raise $19 billion in a share issue to shore up liquidity and maintain an investment grade credit rating. The no vote that resulted in a continuation of the IAM…
The Delhi-based low-cost airline IndiGo reported a net loss of Rs 9.9 billion for the quarter ending September 2024, primarily driven by higher fuel costs and a peak number of groundings, which have now started reducing. IndiGo had previously reported…