Indonesia flag-carrier Garuda Indonesia is reportedly hoping to tempt Middle East carriers to subscribe to its rights offer exercise by leveraging on the country’s large Hajj pilgrimage population. 

Members of the Latin American aviation group Abra are working to gain all the regulatory approvals necessary to see their vision come to fruition. 

U.S. central bank leaders who set interest rate targets for large banks are warning about pain ahead for the economy. It is a price they are willing to pay to get history-making inflation under control, one of their core mandates.

Dutch low-cost carrier Transavia has invested in Netherlands-based startup FlyWithLucy, which plans to establish Europe’s first all-electric airline.

Some in the aviation industry heralded ICAO’s endorsement of the Long Term Aspirational Goal (LTAG), but critics assert the aviation sector is dragging its heels in fighting climate change. 

Wizz Air Group CEO Jozsef Varadi expects there will be further failures in the European airline industry as liquidity pressures continue.

Norse Atlantic Airways has no fuel hedges in place and Icelandic LCC PLAY is only hedged to 30%, exposing the airlines to differing levels of fuel-price volatility over the weaker European winter months.

The start-up airline plans to shrink its network this winter and cut the number of aircraft operating by a half in anticipation of a challenging season.