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FlightGlobal • Howard Hardee

Avelo recapitalized, trims fleet and closes three U.S. bases while expanding Lakeland

Avelo Airlines says a recapitalization has left it with one of the strongest cash positions for its size and will underpin a simplified network. The carrier will retire six Boeing 737-700s and close bases in Mesa (AZ), Raleigh–Durham (NC) and Wilmington (NC), while expanding its Lakeland, FL presence.

2026-01-06T21:26:57.488224-08:00

Aviation Week

EU extends deadlines for TAP and SATA divestments, including 51% Azores Airlines sale

2026-01-06T06:02:40.415274-08:00

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Havana Air files Chapter 11, blames Trump administration and rival GlobalX

2026-01-05T09:21:22.569301-08:00

ch-aviation

PIA to restart Islamabad–London nonstop on March 29, 2026 as government urged to approve carrier sale

2026-01-04T22:33:52.522911-08:00

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FlightGlobal

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Avelo recapitalized, trims fleet and closes three U.S. bases while expanding Lakeland Avelo Airlines says a recapitalization has left it with one of the strongest cash positions for its size and will underpin a simplified network. The carrier will retire six Boeing 737-700s and close bases in Mesa (AZ), Raleigh–Durham (NC) and Wilmington (NC), while expanding its Lakeland, FL presence.

2026-01-06T21:26:57.488224-08:00

Avelo recapitalized, trims fleet and closes three U.S. bases while expanding Lakeland

Aviation Week

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EU extends deadlines for TAP and SATA divestments, including 51% Azores Airlines sale The European Commission has extended deadlines for TAP Air Portugal and SATA Group to complete divestments required as conditions of pandemic-era state aid. The move extends the timeframe for SATA to sell a 51% stake in Azores Airlines and for TAP to divest specified non‑core businesses.

2026-01-06T06:02:40.415274-08:00

EU extends deadlines for TAP and SATA divestments, including 51% Azores Airlines sale

Aviation Week

Russia's air passenger traffic falls to 108.6 million in 2025 — first annual decline since 2022 market exit Russian airlines carried 108.6 million passengers in 2025, marking the first annual decline since the country lost access to Western markets, aircraft and technologies in 2022. The drop interrupts several years of growth centered on expanded domestic routes and substitution for lost international capacity.

2026-01-06T03:33:26.927234-08:00

Russia's air passenger traffic falls to 108.6 million in 2025 — first annual decline since 2022 market exit

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Havana Air files Chapter 11, blames Trump administration and rival GlobalX Havana Air has filed for Chapter 11 bankruptcy in the United States, attributing its collapse to actions by the Trump administration and competitive pressure from rival carrier GlobalX. The filing begins a court-supervised restructuring that will determine the airline’s operational and financial future.

2026-01-05T09:21:22.569301-08:00

Havana Air files Chapter 11, blames Trump administration and rival GlobalX

ch-aviation

PIA to restart Islamabad–London nonstop on March 29, 2026 as government urged to approve carrier sale Pakistan International Airlines will resume direct Islamabad–London flights on March 29, 2026, the carrier announced, while officials press the government to approve a planned sale of the national airline. The relaunch follows PIA’s recent return to UK services and sits within a wider privatisation push.

2026-01-04T22:33:52.522911-08:00

PIA to restart Islamabad–London nonstop on March 29, 2026 as government urged to approve carrier sale

Skift

2025 Airline Roundup: Layoffs, Bankruptcies, Failed Mergers and the Rise of AI Pricing Airlines in 2025 faced sweeping restructuring — mass layoffs, multiple Chapter 11 filings and a string of collapsed merger talks — even as carriers experimented with AI-driven pricing tools and drew scrutiny from Congress. This year’s turbulence reshaped network plans, labor costs and strategic M&A calculus across the industry.

2026-01-04T03:30:02.529300-08:00

2025 Airline Roundup: Layoffs, Bankruptcies, Failed Mergers and the Rise of AI Pricing

aeroflap.com.br

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Brazil clears United's $100M investment in Azul, raising stake to ~8% in Chapter 11 rescue Brazil's antitrust regulator CADE approved United Airlines' $100 million investment in Azul, increasing United's stake to about 8% without restrictions. The cash injection is part of Azul's U.S. Chapter 11 restructuring and supports the carrier's broader recapitalization, fleet and debt rebalancing plans.

2026-01-02T04:44:39.092835-08:00

Brazil clears United's $100M investment in Azul, raising stake to ~8% in Chapter 11 rescue

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India approves $35M payout to former Kingfisher Airlines staff India has approved a $35 million compensation payout to former Kingfisher Airlines staff, authorizing distribution of funds to ex‑employees. The government decision moves a long‑running settlement process into a final phase and opens the way for payments to eligible former staff.

2026-01-01T20:34:15.295185-08:00

India approves $35M payout to former Kingfisher Airlines staff

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Aircraft Demand: Airline Distress & Consolidation News

Avelo recapitalized, trims fleet and closes three U.S. bases while expanding Lakeland

EU extends deadlines for TAP and SATA divestments, including 51% Azores Airlines sale

Havana Air files Chapter 11, blames Trump administration and rival GlobalX

PIA to restart Islamabad–London nonstop on March 29, 2026 as government urged to approve carrier sale

News Timeline