Jet Airways runs out of steam, lenders refuse lifeline, staff left in the lurch

It’s unclear whether the airline will ever operate, but if it does so, it will be under a new owner. This, at the moment, seems highly unlikely as lenders themselves are reluctant to put more money and they scurry to find a willing investor with deep pockets to pour new money into the airline.

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Michael Deluce becomes CEO of Porter Airlines

Longtime Porter Airlines executive Michael Deluce has become president and chief executive of the Toronto-based regional airline, assuming a role previously held by his father, Porter founder Robert Deluce. The shift, effective immediately, comes as part of a broader executive shakeup at the company. Michael Deluce had previously been Porter’s executive vice-president and chief commercial […]

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Delta hastens exit of McDonnell Douglas fleet with MD-90 plans

Delta Air Lines is accelerating retirements of its Boeing MD-90s, hastening the exit of the former McDonnell Douglas narrowbodies from US fleets. “We expect to accelerate the retirement of our MD-90 fleet,” says Paul Jacobson, chief financial officer of the Atlanta-based carrier, during a quarterly earnings call today. The move will drive roughly 0.5 percentage […]

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