Aircraft Demand: Airline Distress & Consolidation News

Aviation Source • Len Varley

Spirit and Frontier Resume Merger Talks as Spirit Seeks Rescue in Chapter 11

Spirit Airlines is in renewed merger talks with fellow ULCC Frontier Group Holdings as it navigates a Chapter 11 restructuring; people familiar say a deal — which could be announced this month — might rescue Spirit from insolvency, though negotiations remain fragile and could still collapse.

2025-12-16T15:19:47.808470-08:00

Bloomberg

Azul to Return to Profit by 2026 After Chapter 11 Restructuring Backed by United and American

2025-12-16T11:26:35.179163-08:00

Aviation Week

Austrian abruptly ends Braathens Regional wet‑lease after failed audit and Braathens International insolvency

2025-12-15T10:51:43.370608-08:00

The Air Current

Spirit labor approves pay and retirement concessions to unlock ~$100M as carrier nears bankruptcy deadline

2025-12-12T10:06:18.541668-08:00

Aircraft Demand: Airline Distress & Consolidation News Timeline

ch-aviation

Air Transat rejects shareholder push to call extraordinary meeting for board changes Air Transat has rebuffed a shareholder effort to convene an extraordinary meeting aimed at forcing board changes, blocking calls for an immediate governance overhaul and replacement of directors. The decision halts proponents’ attempt to secure seats and trigger a strategic review.

2025-12-17T08:10:02.476983-08:00

Air Transat rejects shareholder push to call extraordinary meeting for board changes

Bloomberg

Pakistan to sell 75% stake in Pakistan International Airlines in major privatisation push Pakistan plans to sell a 75% controlling stake in Pakistan International Airlines, transferring operational control of the long‑struggling national carrier to private investors. The divestment forms a centrepiece of a wider government privatisation drive aimed at stabilising PIA's finances and resolving legacy liabilities.

2025-12-16T23:37:36.668870-08:00

Pakistan to sell 75% stake in Pakistan International Airlines in major privatisation push

Aviation Source

❗️

Spirit and Frontier Resume Merger Talks as Spirit Seeks Rescue in Chapter 11 Spirit Airlines is in renewed merger talks with fellow ULCC Frontier Group Holdings as it navigates a Chapter 11 restructuring; people familiar say a deal — which could be announced this month — might rescue Spirit from insolvency, though negotiations remain fragile and could still collapse.

2025-12-16T15:19:47.808470-08:00

Spirit and Frontier Resume Merger Talks as Spirit Seeks Rescue in Chapter 11

ch-aviation

New York court dismisses Wheels Up's 2023 lawsuit against flyExclusive The Supreme Court of the State of New York on Dec. 3 dismissed a 2023 lawsuit filed by Wheels Up (WUP) against charter operator flyExclusive (JRE). The ruling resolves the named legal claim and removes a legal overhang that had affected both on‑demand operators.

2025-12-16T14:25:38.187093-08:00

New York court dismisses Wheels Up's 2023 lawsuit against flyExclusive

Bloomberg

❗️

Azul to Return to Profit by 2026 After Chapter 11 Restructuring Backed by United and American Azul SA says it will return to profit by 2026 after a Chapter 11 restructuring backed by United Airlines Holdings and American Airlines Group. Bankruptcy-driven debt reductions and renegotiated aircraft leases, management says, will enable the carrier to generate positive net income within two years.

2025-12-16T11:26:35.179163-08:00

Azul to Return to Profit by 2026 After Chapter 11 Restructuring Backed by United and American

FlightGlobal

Court approves sale of Spirit's O'Hare gates G8 and G10 to American Airlines A U.S. bankruptcy court approved transfer of two Chicago O'Hare gates, G8 and G10, from Spirit Airlines to American Airlines amid Spirit's Chapter 11 proceedings. The deal follows a contentious gate reallocation at ORD that previously saw American lose four gates and highlights shifting hub capacity.

2025-12-16T09:27:05.832803-08:00

Court approves sale of Spirit's O'Hare gates G8 and G10 to American Airlines

ch-aviation

Spanish police raid Plus Ultra HQ; several C‑suite executives detained Spanish police raided Plus Ultra's headquarters and detained several C‑suite executives, authorities said. The intervention, reported today, saw police enter the airline's offices and take multiple senior managers into custody as part of a law‑enforcement operation concerning the company, officials said.

2025-12-16T09:06:30.308914-08:00

Spanish police raid Plus Ultra HQ; several C‑suite executives detained

aerotelegraph.com

Croatia Airlines to be recapitalised to €248.38m as A220 transition squeezes finances Croatia's government has approved a state-led recapitalisation to raise Croatia Airlines' share capital to €248.38 million and provide strategic funding across 2025–2027. The move responds to mounting losses and higher leasing, maintenance and transition costs tied to the carrier's Airbus A220 fleet renewal.

2025-12-16T06:34:26.954939-08:00

Croatia Airlines to be recapitalised to €248.38m as A220 transition squeezes finances

Create a free account to see more recent Aircraft Demand: Airline Distress & Consolidation stories.