Another lessor has confirmed an impairment on aircraft that it has been unable to repossess from customers in Russia. Dubai Aerospace Enterprise (DAE) reported a $537.9 million net write-off on nineteen aircraft. DAE takes write-off on Russian fleet too. Originally,...
Spirit Airlines used a large part of its Q1 earnings call to further clarify why it opposes the unsolicited offer from JetBlue. The offer raised too many red flags and would harm the interests of Spirit’s shareholders, it said on May 5. Spirit Airlines sees too many...
Air France-KLM Group CEO Ben Smith doesn’t seem too worried about the prospect of Lufthansa and sea shipping company MSC buying into Italian carrier ITA Airways. If the German/Swiss group gets a majority share in ITA, that doesn’t mean that the Italian market is lost...
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