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AeroTime • Stephen Pope

Air India turnaround drags: SIA defends long-term investment despite $2.8B annual loss

Singapore Airlines CEO Goh Choon Phong says Air India’s transformation is a “long game” even as Air India posted a $2.8 billion annual loss, with geopolitical airspace disruptions and currency moves cited as major external shocks. SIA again defended its ongoing investment amid mounting losses and operational challenges.

2026-05-15T09:24:05.899861-07:00

Wall Street Journal

Berkshire Hathaway buys $2.6B in Delta stock under Greg Abel’s first-quarter CEO tenure

2026-05-15T13:39:19.624237-07:00

FlightGlobal

Global Airlines reshuffles leadership as A380 plan remains sidelined in ongoing flight hiatus

2026-05-15T09:40:51.801483-07:00

newsroom.lufthansagroup.com

Lufthansa to move to 90% control of ITA Airways, formalizing majority stake deal for EUR325 million

2026-05-12T02:05:54.075685-07:00

News Timeline

Wall Street Journal

Berkshire Hathaway buys $2.6B in Delta stock under Greg Abel’s first-quarter CEO tenure Berkshire Hathaway disclosed a more than $2.6 billion stake in Delta Air Lines as Greg Abel—taking over from Warren Buffett at the start of the year—settled into the CEO role. The move follows a pattern of renewed Delta exposure and coincides with Berkshire more than tripling its Alphabet (Google parent) investment.

2026-05-15T13:39:19.624237-07:00

Berkshire Hathaway buys $2.6B in Delta stock under Greg Abel’s first-quarter CEO tenure

FlightGlobal

Global Airlines reshuffles leadership as A380 plan remains sidelined in ongoing flight hiatus UK start-up carrier Global Airlines has replaced a senior director following “twin departures,” while keeping its Airbus A380 “quadjet” in storage in France. The leadership tweak comes amid a continued operational pause that has lasted since May last year, indicating the A380 launch remains deferred.

2026-05-15T09:40:51.801483-07:00

Global Airlines reshuffles leadership as A380 plan remains sidelined in ongoing flight hiatus

AeroTime

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Air India turnaround drags: SIA defends long-term investment despite $2.8B annual loss Singapore Airlines CEO Goh Choon Phong says Air India’s transformation is a “long game” even as Air India posted a $2.8 billion annual loss, with geopolitical airspace disruptions and currency moves cited as major external shocks. SIA again defended its ongoing investment amid mounting losses and operational challenges.

2026-05-15T09:24:05.899861-07:00

Air India turnaround drags: SIA defends long-term investment despite $2.8B annual loss

Aviacionline

Argentina grounds A-4AR Fightinghawk fleet to make way for F-16M Fighting Falcon integration The Argentine Air Force has formally retired the A-4AR Fightinghawk fighter-bombers, ending nearly three decades of service. The service says the decision is tied to sustainability and logistic/cost criteria as it shifts institutional resources to the incoming F-16M Fighting Falcon.

2026-05-14T09:32:03.466000-07:00

Argentina grounds A-4AR Fightinghawk fleet to make way for F-16M Fighting Falcon integration

AeroTime

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Otto Aerospace clears Phantom 3500 PDR as clean-sheet laminar-flow business jet moves into detailed design (first test aircraft Otto Aerospace has completed the Preliminary Design Review (PDR) for its clean-sheet Phantom 3500 ultra-low-drag business jet, advancing from conceptual design into detailed engineering and production planning. The company said it maintains momentum toward first flight, with its first test aircraft planned for 2027.

2026-05-14T02:24:02.740043-07:00

Otto Aerospace clears Phantom 3500 PDR as clean-sheet laminar-flow business jet moves into detailed design (first test aircraft

FlightGlobal

Vertical Aerospace chair Domhnal Slattery steps down as VX4 industrialisation ramps and up to $850M certification funding procee Vertical Aerospace says board chair Domhnal Slattery will depart effective 12 May, prompting the company to seek a new chair. The move lands as the VX4 programme enters industrialisation, with reported backing of up to $850M to support certification and early scale-up.

2026-05-13T03:55:07.480044-07:00

Vertical Aerospace chair Domhnal Slattery steps down as VX4 industrialisation ramps and up to $850M certification funding procee

Financial Times

Anduril raises $5B and doubles valuation to ~$61B as it scales autonomous warship operations in Seattle Anduril said it raised $5 billion in a round led by Thrive Capital and Andreessen Horowitz, doubling its valuation to about $61 billion in under a year. The company linked the financing to “aggressive” investment plans spanning manufacturing capacity, R&D and infrastructure to produce advanced defense systems, including autonomous warship operations in Seattle.

2026-05-13T01:23:12.090665-07:00

Anduril raises $5B and doubles valuation to ~$61B as it scales autonomous warship operations in Seattle

SpaceNews.com

Quantum Space to build maneuverable spacecraft in Tulsa, Oklahoma, aligning production with its new executive base Quantum Space says it will build its highly maneuverable spacecraft in Tulsa, Oklahoma, leveraging the city as the location of the company’s new chief executive. The decision ties the next phase of spacecraft development to an updated leadership and operations footprint in the US.

2026-05-12T12:24:46.032528-07:00

Quantum Space to build maneuverable spacecraft in Tulsa, Oklahoma, aligning production with its new executive base

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Leadership News

Air India turnaround drags: SIA defends long-term investment despite $2.8B annual loss

Berkshire Hathaway buys $2.6B in Delta stock under Greg Abel’s first-quarter CEO tenure

Global Airlines reshuffles leadership as A380 plan remains sidelined in ongoing flight hiatus

Lufthansa to move to 90% control of ITA Airways, formalizing majority stake deal for EUR325 million

News Timeline