It is a relatively quiet day for Boeing headlines, as airlines continue to react to delayed deliveries and Boeing begins its cost-cutting process. Southwest airlines has reduced its expected MAX deliveries in 2025 from 86 to 73 aircraft. With…
IAG, International Consolidated Airlines Group, reported strong third quarter earnings that beat street expectations today. The group also announced that it would buy back €350 million of its own shares beginning next week. Robust travel demand and strong cash generation…
The European Commission announced its conditional approval for Deutsche Lufthansa’s proposed 41 percent stake in Italy’s ITA Airways. The deal, negotiated last year, has Lufthansa paying €325 million for its stake in the carrier, with the Italian finance ministry also…
Press reports today indicate that Lufthansa is likely to obtain anti-trust approval for its acquisition of a stake in the state-owned Italian airline ITA, sources said on Thursday.
The European Commission is re-evaluating a new proposal from ITA and Lufthansa regarding the 41% stake Lufthansa Group is seeking in the Italian carrier, formerly Alitalia. After earlier rejections, the two carriers have proposed additional conditions contained in a revised…
Today’s key stories about Boeing cover a wide variety of topics, ranging from a ransomeware demand to new whistleblower allegations regarding “pencil whipping” of safety concerns on the 787 to an extended grounding of an Air Tanzania 787 due to…