Aergo Capital (Aergo) and Acumen Aviation (Acumen) have announced a dynamic collaboration aimed at elevating the scope of aviation asset and investment management services for their esteemed investor base. This strategic partnership capitalises on the extensive knowledge and decades of experience inherent in both organisations, presenting a holistic and more thorough and comprehensive approach to
Airport operator Fraport and Lilium, developer of the first all-electric VTOL jet, have jointly announced their strategic collaboration to explore required planning and approval steps for state-of-the-art infrastructure for the implementation of commercial eVTOL operations at airports. Fraport is active at 30 international airports across four continents. The partnership will start by preparing Germany and
In a significant legal development, federal judge, William G. Young of the U.S. District Court for the District of Massachusetts, issued a ruling on January 16, that effectively halted JetBlue Airways‘ proposed US$3.8 billion (£3 billion) acquisition of Spirit Airlines. The decision represents a victory for the Department of Justice, which had argued that the
Air France-KLM and CMA CGM had initially announced their intent to establish a cargo commercial cooperation, which came into effect in April 2023. However, due to stringent regulatory constraints in specific key markets, the collaboration has faced challenges in achieving optimal functionality. Consequently, Air France-KLM and CMA CGM have jointly declared their decision to terminate
Sabre Corporation (Sabre), a leading software and technology provider to the global travel industry, has entered into a multi-year distribution agreement with International Airlines Group (IAG) that will expand their existing partnership and further promote modern travel retailing practices. The agreement will allow Sabre-connected travel buyers and agencies to sell traditional EDIFACT content as well
The International Air Transport Association (IATA) has released data for November 2023 global air cargo markets indicating the strongest year-on-year growth in roughly two years. This is partly due to weakness in November 2022, but also reflects a fourth consecutive month of strengthening demand for air cargo. Global demand for air cargo, measured in cargo
Eurowings has inked a five-year agreement to implement the SITA Bag Journey system, revolutionising the tracking of passenger bags throughout their entire travel experience. This partnership aims to elevate the baggage experience for travellers, optimise baggage operations, and significantly reduce the overall costs associated with mishandled baggage. SITA Bag Journey offers a comprehensive, end-to-end perspective
In a significant development, the CWA-IBT-represented Customer Service team members of American Airlines (American), spanning across airports, Premium Guest Services, and Reservations, have successfully ratified a fresh five-year contract with the company. This ground-breaking agreement includes substantial improvements in pay, benefits, and quality-of-life provisions that hold great importance for American’s dedicated team. American’s CEO, Robert
Travelport, a global technology company that powers bookings for travel suppliers worldwide, and easyJet have signed a new content distribution agreement that will bring more enriched easyJet content to all of Travelport’s agency customers – now including OTAs for the first time. The multi-year deal confirms that travel retailers using Travelport+ will have access to
Global air cargo has yet to see any significant uplift from the recent disruptions to container shipping in the Red Sea, according to the latest figures from WorldACD Market Data, although there is likely to be some conversion of sea freight to air freight in the coming weeks if the disruptions continue. Preliminary figures for the
