NEWSApr 01, 2024South American Tourism and the Impact of COVID-19South America's booming tourism industry seemed to evaporate during the pandemic. Although some companies are still struggling, recent evaluations of the region suggest that they are on the way back up. Read More →
NEWSMar 09, 2024NLX Raises $12 Million in Funding: How Airlines Use Its AI Technology to Enhance Their OperationsAmerican enterprise artificial intelligence (AI) provider NLX raised $12 million in Series A funding for operational expansion and development efforts. JetBlue's venture capital division, JetBlue Ventures, contributed to the funding round. Meanwhile, United Airlines and Copa Airlines have worked with NLX to incorporate AI into their operations. Read More →
NEWSMar 06, 2024Azul Working With Investment Banks in Potential Takeover of Bankrupt Rival GolAzul Linhas Aéreas (Azul) is contemplating a takeover of Gol Linhas Aéreas Inteligentes (Gol) after Gol filed for bankruptcy in January. Both Brazilian-based budget carriers have experienced difficult economic setbacks since the initial outbreak of the COVID-19 pandemic. Read More →
NEWSFeb 29, 2024CycloTech Raises €20 Million in Funding for its Innovative Aviation Propulsion SystemAustrian aviation technology company CycloTech recently secured €20 million ($21.6 million) in financing to develop its flight propulsion technology. The investment was announced on February 28, only a few weeks after the company announced plans to raise funding.Read More →
NEWSFeb 28, 2024LATAM Records $582 Million Profit in 2023, Driven by Strong Passenger TrafficLATAM reported strong financial results for the fourth quarter of 2023 and the entire year. The 50.1% increase in traffic and $582 million profit is a testament to the carrier's strong financial and operational performance. Read More →
NEWSFeb 28, 2024Southwest Airlines Launches Venture Firm for Sustainable Aviation Fuel, $30 Million Investment in Fuel Producer LanzaJetSouthwest Airlines announced the launch of Southwest Airlines Renewable Ventures (SARV), a subsidiary focused on helping the airline achieve its sustainability goals by obtaining sustainable aviation fuel (SAF). Southwest also announced a $30 million investment in sustainable fuel technology company and producer LanzaJet. Read More →
NEWSFeb 28, 2024Korean Air Will Give Three Airbus A350 Planes to T'way AirThe proposed merger between Korean Air and Asiana Airlines requires a solution to prevent the combined carrier from having a monopoly in South Korea's aviation market. One solution suggested was to supply T'way Air, a South Korean low-cost carrier (LCC), with five Airbus A330-200s from the Korean Air fleet. However, reports indicate that Korean Air is considering giving three Airbus A350-900s from the Asiana fleet once the merger is complete.Read More →
NEWSFeb 25, 2024FlyDubai's Record-Breaking Profit: Can It Compete With Major Airlines?FlyDubai, a prominent budget carrier headquartered in Dubai, United Arab Emirates, made headlines with its remarkable financial performance in 2023. The airline achieved record profits of $572 million, a substantial increase from the previous year's earnings of $327 million. Robust operational metrics, including significant growth in passenger numbers and revenue generation, fueled this surge in profitability.Read More →
NEWSFeb 23, 2024Cosmic Aerospace Raises $4.5 Million in Funding to Develop Electric AircraftCosmic Aerospace, a startup developing an electric aircraft, raised $4.5 million in funding earlier this month. The company is currently working on the aircraft's design after building and successfully testing its engine.Read More →
INFORMATIONALFeb 20, 2024What Can JetBlue Expect After Activist Investor Carl Icahn Acquired a 10% Stake in the Airline?Activist investor Carl Icahn has taken a 10% interest in JetBlue by purchasing 33.6 million shares of its stock in January and February. His investment has caused a more than 18% rise in the prices of JetBlue stock, a phenomenon known as the Icahn Rise. There are several possible reasons for Icahn taking a stake in JetBlue, ranging from a simple profit-taking opportunity to long-term airline control.Read More →
