Aircraft investment specialist Stratos has acquired three leased aircraft, adding Asiana Airlines, Southwest Airlines and Virgin Australia to its portfolio of airline customers while expanding its investor base. The acquisitions comprise an Airbus A321 (MSN 5173) leased to Asiana Airlines, a Boeing 737-800 (MSN 38875) leased to Southwest Airlines, and a Boeing 737-700 (MSN 38128) […]
Stratos broadens airline portfolio Read More »
Southwest Airlines has announced a workforce reduction of approximately 1,750 jobs as part of a broader effort to create a leaner and more agile organisation. The cuts, which primarily impact corporate overhead and leadership positions, account for around 15% of corporate roles, including senior leadership and director-level positions. As part of this restructuring, eleven senior
Southwest Airlines cuts workforce by 1,750 positions Read More »
Southwest Airlines has appointed Tom Doxey as Executive Vice President (EVP) & Chief Financial Officer (CFO), effective March 10. Bringing extensive experience in aviation finance, operations and strategic transformation, Doxey will play a key role in strengthening the airline’s financial and operational performance. Doxey most recently served as president of Breeze Airways, where he led
Southwest Airlines appoints Tom Doxey as new EVP & CFO Read More »
Southwest Airlines has finalised a sale-and-leaseback agreement with BBAM for 36 Boeing 737-800 aircraft. The aircraft will now be owned and leased back to Southwest by Incline Aviation III, BBAM’s third flagship aviation investment fund. This landmark transaction forms part of Southwest’s “Southwest. Even Better.” plan, unveiled during Investor Day in September. By monetising surplus
Southwest Airlines secures sale-and-leaseback deal with BBAM Read More »
Southwest Airlines will overhaul its board of directors as longtime Chairman Gary Kelly is set to retire next year, the company announced on September 10. The Dallas-based airline has faced increasing pressure from hedge fund Elliott Investment Management, which has acquired a 10% stake in the airline and pushed for changes to enhance Southwest’s financial
Southwest Chairman to retire, six board members to resign Read More »
Archer Aviation (Archer) and Southwest Airlines (Southwest) have signed a memorandum of understanding (MOU) to develop operational plans for electric air taxi networks utilising Archer’s eVTOL aircraft at California airports where Southwest operates. Archer Aviation is a manufacturer of electric vertical take-off and landing (eVTOL) aircraft. Southwest is the Golden State’s largest air carrier, operating
Archer and Southwest partner for electric air taxi network Read More »
The Board of Directors of Southwest Airlines has appointed Rakesh Gangwal as a member of the Board, effective July 7. Gangwal is an experienced airline executive and entrepreneur, known for co-founding India’s largest airline, IndiGo. His appointment comes amid demands for change from activist investor Elliott Investment Management. Before co-founding IndiGo in 2006, Gangwal served
Southwest Airlines appoints Rakesh Gangwal to Board of Directors Read More »
Southwest Airlines has adopted a ‘poison pill’ strategy to deter Elliott Investment Management from increasing its stake in the carrier, following the activist investor’s call for leadership changes after disappointing financial results, according to Reuters. The announcement comes days after Southwest CEO Bob Jordan stated he would not resign in response to pressure from Elliott,
Southwest Airlines adopts ‘poison pill’ to thwart Elliott Investment Management Read More »
Southwest Airlines has launched Southwest Airlines Renewable Ventures (SARV), a wholly-owned subsidiary of Southwest Airlines®, dedicated to creating more opportunities for Southwest to obtain scalable sustainable aviation fuel (SAF), a critical component in the success of the carrier’s goal to replace 10% of its total jet fuel consumption with SAF by 2030. The carrier has also announced
Southwest Airlines to launch SARV Read More »
RECARO Aircraft Seating (RECARO) was selected by Southwest Airlines (Southwest®) to equip new Boeing 737 MAX 8 aircraft deliveries with BL3710 economy-class seats. The Dallas-based airline will begin taking deliveries in 2025. The BL3710 will feature a multi-adjustable headrest cushion, an ergonomically enhanced seat bottom, a backrest with lumbar support and a new armrest design
RECARO to equip Southwest’s new aircraft with BL3710 seats Read More »
