International Airlines Group (IAG) is not giving up on its plans to acquire Spanish carrier Air Europa. IAG and the airline’s owner Globalia have reached an agreement for a seven-year, unsecured loan of €100 million. It also provides exclusivity to IAG for one year to...
2022 will be a “transitional year” for US low-cost carrier JetBlue. It plans to pull “meaningful levers” to restore its earnings and improve on costs after reporting a $182 million net loss for 2021, including a $129 million loss in the fourth quarter on January 27....
Chinese eVTOL-maker AutoFlight is seeking European certification of its Prosperity I vehicle and has therefore established a new R&D and Certification Center in Augsburg (Germany). AutoFlight hopes to get EASA certification in 2025. China’s AutoFlight enters...
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