Aircraft Demand: Airline Distress & Consolidation News

The Air Current • Jon Ostrower; Edward Russell

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

Spirit Airlines' pilots and flight attendants approved revised contracts with temporary pay and retirement cuts, concessions the carrier says will save about $100 million a year. The votes clear a key step to secure financing before a critical bankruptcy milestone this weekend as rivals ready contingency plans.

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

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IndiGo stabilises operations after week-long meltdown — thousands cancelled, DGCA scrutiny and Q3 guidance cut

2025-12-11T20:25:00.755165-08:00

FlightGlobal

SmartLynx collapse: Latvian and Estonian units sold; Maltese carrier's future unclear

2025-12-12T06:28:38.749622-08:00

ch-aviation

Aircraft lessors appeal Russian order blocking $69 million in lease payments

2025-12-11T06:11:05.164988-08:00

Aircraft Demand: Airline Distress & Consolidation News Timeline

The Air Current

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Spirit labor approves pay and retirement concessions to unlock ~$100M as carrier nears bankruptcy deadline Spirit Airlines' pilots and flight attendants approved revised contracts with temporary pay and retirement cuts, concessions the carrier says will save about $100 million a year. The votes clear a key step to secure financing before a critical bankruptcy milestone this weekend as rivals ready contingency plans.

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

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

FlightGlobal

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SmartLynx collapse: Latvian and Estonian units sold; Maltese carrier's future unclear SmartLynx’s Estonian operations have been sold to the carrier’s management and Dutch distressed asset manager Break Point, mirroring the earlier sale of the Latvian unit, while the status of the Maltese AOC remains unresolved. Crews report mounting operational and financial problems amid the wider collapse.

2025-12-12T06:28:38.749622-08:00

SmartLynx collapse: Latvian and Estonian units sold; Maltese carrier's future unclear

FlightGlobal

Norse Atlantic cancels proposed follow-up share offering after stock falls below issue threshold Norse Atlantic has abandoned a proposed follow-up equity offering — which would have issued up to 12.09 million new shares after an October private placement — because its stock price slipped below the minimum threshold required to proceed. The cancellation removes an immediate capital-raising option for the Scandinavian carrier.

2025-12-12T06:28:38.272577-08:00

Norse Atlantic cancels proposed follow-up share offering after stock falls below issue threshold

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IndiGo stabilises operations after week-long meltdown — thousands cancelled, DGCA scrutiny and Q3 guidance cut IndiGo's operations are stabilising after a week-long disruption that forced thousands of cancellations and stranded passengers. The carrier has resumed service to 138 destinations with 2,000+ flights, will issue ₹10,000 vouchers to affected customers, and faces DGCA probes, inspector dismissals and a trimmed Q3 FY26 guidance.

2025-12-11T20:25:00.755165-08:00

IndiGo stabilises operations after week-long meltdown — thousands cancelled, DGCA scrutiny and Q3 guidance cut

ch-aviation

Aer Lingus faces backlash over plan to close Manchester base Aer Lingus is facing backlash after warning it may close its Manchester base, saying the station is underperforming and long‑haul operations are unprofitable, a move it says risks jobs across the UK operation; the threat prompted the union to halt planned cabin‑crew strikes while talks resume.

2025-12-11T07:05:36.839915-08:00

Aer Lingus faces backlash over plan to close Manchester base

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Aircraft lessors appeal Russian order blocking $69 million in lease payments A group of aircraft lessors has appealed a Russian order that blocks $69 million in lease payments, asking the court to overturn the measure and restore contractual cashflows. The challenge highlights growing legal and operational headwinds for lessors with assets and rents tied to Russian operators.

2025-12-11T06:11:05.164988-08:00

Aircraft lessors appeal Russian order blocking $69 million in lease payments

ch-aviation

EFCC alleges AMCON official siphoned Arik Air funds to launch 'NG Eagle' Nigeria's EFCC alleges that former AMCON managing director Ahmed Kuru and associates siphoned funds from Arik Air to create a new carrier, 'NG Eagle'. The probe accuses officials of diverting state-managed rescue assets and launching the rival airline using capital meant to stabilise Arik.

2025-12-11T05:29:33.816137-08:00

EFCC alleges AMCON official siphoned Arik Air funds to launch 'NG Eagle'

FlightGlobal

US discounters retrench as sweeping capacity cuts reshape route dynamics Most US discount carriers have retrenched in recent months, enacting sweeping network capacity cuts that have produced a painful contraction across the sector. Those reductions are shifting market dynamics — concentrating traffic at fortress hubs and opening route-level opportunities in select leisure and secondary-city markets.

2025-12-11T04:12:41.918996-08:00

US discounters retrench as sweeping capacity cuts reshape route dynamics

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