Aviation
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financeSpirit Airlines Faces Potential $500M Federal Bailout Amid Financial Struggles
Spirit Airlines is in advanced talks with the Trump administration for a $500 million bailout package as the carrier battles bankruptcy and rising fuel costs.
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financeCathay Pacific Eyes Hong Kong Dollar Bond Amidst Rising Fuel Costs
Cathay Pacific plans a Hong Kong dollar bond issuance to navigate a challenging global aviation market exacerbated by fuel price spikes and geopolitical tensions.
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financeCAE Slashes 280 Jobs Amid Aviation Industry Headwinds
Flight simulator giant CAE Inc. announces significant layoffs, impacting 2% of its workforce, primarily in Quebec, as it navigates anticipated airline spending cuts and implements a transformation plan.
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financeCathay Pacific to Hike Fuel Surcharges Amid Rising Jet Fuel Costs
Cathay Pacific announces significant increases to fuel surcharges across all routes starting March 18 due to doubled jet fuel prices.
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worldAirlines Halt Middle East Flights Amid Escalating Regional Tensions
Major airlines, including Garuda Indonesia and Malaysia Airlines, suspend flights to and from Doha and other Middle East destinations due to ongoing conflict and airspace closures.
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worldGlobal Flights Disrupted by US-Israeli Strikes on Iran
US and Israeli strikes on Iran trigger widespread flight cancellations and airspace closures across the Middle East, Europe, and Asia, impacting millions of travelers.
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worldChina Orders Up to 120 Airbus Aircraft Amid German Chancellor's Beijing Visit
Germany's Chancellor Friedrich Merz announces a significant order for up to 120 Airbus aircraft during his visit to Beijing, aiming to deepen economic ties with China.