Castlelake has marketed its $614.8 million aviation asset backed securities (ABS) transaction, marking its second ABS deal of the year.Castlelake’s CLAS 2025-2 comprises of three tranches: A, B, and C...
Delta has paid $8.1 million to settle claims that the company violated conditions US Congress placed on federal relief funds provided to the airline under the Payroll Support Program (PSP) during the ...
Private equity firm AE Industrial Partners has appointed Oscar Torres as an operating partner, the company shared on July 15, 2025. Torres joins the firm following three years as president and CEO of ...
The average US air fare decreased 1.2% in the first quarter of 2025 from the fourth quarter of last year, according to the Bureau of Transportation Statistics (BTS). The report considered domestic air...
Garmin has launched its new distance measuring equipment (DME) products — the GDM 4500 and GDM 450R. These digital, state-of-the-art, remote-mount DME radios are designed to provide slant-distance in...
Aviation Capital Group (ACG) has closed the first four aircraft from its previously announced 20-aircraft acquisition from Avolon.This portfolio includes 16 narrowbody aircraft, of which 12 are new te...
US budget carrier Avelo Airlines will cease all operations from its base at Hollywood Burbank Airport later this year, citing financial difficulties against a competitive operating environment at the ...
Miami-based charter airline GlobalX has completed its first aircraft acquisition, along with the signing of lease agreements for four additional Airbus aircraft, supporting broader company strategy.Gl...
Copa Airlines posted that its capacity increased by 5.3% in June, while system-wide passenger traffic increased by 6.3%, when compared to the same month of the year prior.The Panama-based airline reco...
Air Canada and ITA Airways have entered a codeshare agreement, which will aim to enhance connectivity between Canada and Italy.Under the agreement, Air Canada will place its ‘AC’ operating code on rou...
LATAM Airlines will extend its seasonal Lisbon to Fortaleza route from October 27, 2025, to March 26, 2026, increasing operations from one to three weekly flights. Originally scheduled to operate only...
Boeing has reached a settlement with a Canadian man whose wife and three children were killed after an Ethiopian Airlines 737 MAX crashed shortly after taking off from Adiss Ababa in 2019.The case aga...
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