No one is irreplaceable, the word has. But if the founding CEO of a company steps down, who has also been the driver behind the project for almost ten years, it raises the question: how will that company deal with…
UPDATE JUNE 1 – “Alternative investment firm” Castlelake has confirmed that it is in the early stages of considering a possible offer on UK low-cost airline easyJet. It responds to “recent speculation”, it said in a statement on Friday. The…
Delhi-based low-cost airline IndiGo has reported a net loss of Rs 23.96 billion for the year ending March as compared to a profit of Rs 72.58 billion previously, the airline reported on Friday. The airline said that the “exceptionally sharp…
The definitive shutdown of Spirit Airlines in early May has sent shockwaves through the regional commercial aviation sector. Driven by accumulated debt and the collapse of a federal bailout package, its sudden exit removed a critical volume of Available Seat…
US Department of Homeland Security (DHS) Secretary Markwayne Mullin threatened sanctuary cities with the loss of international flights into their cities during an interview earlier this week with Fox News. He stated “I believe sanctuary cities is not lawful. I…
IATA passenger traffic figures for April make clear the impact of the war in the Middle East and Iran on the industry. On average, demand fell by 3.4 per cent year-over-year, with the biggest drop in the region most affected:…