The Wall Street Journal reported that a group of U.S. low-cost airlines, including Frontier Airlines and Avelo Airlines, are seeking government assistance worth $2.5 billion to exchange warrants for equity stakes in the companies. Reports say that the chief executives of low-cost carriers met with Transportation Secretary Sean Duffy, and Federal Aviation Administration Chief Bryan Bedford in Washington on Tuesday. Discussions regarding a possible aid package will continue in coming days. According to a WSJ report, the budget airline group calculated that they would spend $2.5 billion more on jet fuel this year than they had forecasted earlier, assuming average...

Six passengers were injured in an emergency evacuation after a Swiss International flight from Delhi to Zurich was forced to abort early on Sunday morning. The Economic Times reported that one of the aircraft engines 'failed and caught fire as it was accelerating to take off, prompting crew members to stop the flight and initiate an emergency evacuation. The source said that the injured passengers had been taken to hospital. She was not authorized to speak with media and refused to identify herself. Flightradar24 reports that the aircraft involved was an Airbus A330. Delhi's Indira Ghandi International Airport?said on X...

Sources say that the administration of U.S. president Donald Trump is looking at using the Defense Production Act as a legal basis to bailout Spirit Airlines. CBS News reported the potential plan for the first time on Friday, citing U.S. officials who were familiar with the discussions. Sources said that the U.S. Government could use Title 3 of the Defense Production Act to invest in industrial capacities to ensure supply chains to support national defense. Kush Desai, White House spokesperson, said that the Trump administration is "continuing to explore possible options" in order to keep the airline?in operation' for both...

The?union that represents workers at Spirit Airlines stated on Friday?that any U.S. bailout for the bankrupt low cost carrier must protect its?employees. Marshall Huebner said that the Trump administration had'made a financial offer' to?help Spirit Airlines exit bankruptcy, which was being evaluated by its major creditors. The International Association of Machinists and Aerospace Workers (IAMAW), which represents Spirit's employees in the ramp service, has said that any bailout should not include "furloughs or layoffs" and must not involve shifting the burden to the people who run the airline. Spirit's problems predate the Iran War, but the spike in fuel prices...

The global air travel industry is still severely affected by the Iran War. Many people are unable to fly when they planned, after major Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi were closed. The following is the latest information on flights in alphabetical order. AEGEAN AIRLINES The largest airline in Greece will resume its flights to Tel Aviv on April 28 from Athens, from Heraklion on?April 30 and from Rhodes & Larnaca on?May 21. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Riyadh will resume its flights on May 21. The flights to Beirut, Dubai and...

British Airways' owner IAG announced?on Friday that it would raise ticket prices to reflect higher jet fuel costs. However, the company did not see any interruptions in the supply of jet fuel. EasyJet, a British airline, and TUI, a German tour operator have recently issued profit warnings as a result of uncertainty caused by the U.S./Israeli war against?Iran. Air France-KLM announced shortly after the start of the war in March that they would?add a jet fuel surcharge to certain?of their tickets. European airlines were more protected from the rising costs of jet fuel than American carriers due to extensive hedging....

Ankit Yadav is an Indian seafarer who has been stuck on a boat in an Iranian port inland for two-and-a half weeks. He and his three fellow mariners have survived on a limited ration of potatoes and tomatoes. The war in Iran has left thousands of Indian and other'seafarers' stranded around the Strait of Hormuz. Ankit, a man in his 30s, was aboard a small vessel that carried steel between Iran, Kuwait, and Oman. He claimed he would have been able to leave the conflict zone if the vessel had received permission to sail from Iran to Oman, and then...

An aviation official reported that a passenger plane smashed into roadside shrubs at a remote airstrip located in northeastern Kenya, but all 36 passengers escaped unharmed. A source with the Kenya Airports Authority confirmed that an Embraer operated by Kenyan carrier EBB Air took off at 6:56 am from Nairobi's Jomo Kenyatta International Airport carrying 32 passengers and 4 crew members. A spokesperson for the airline stated that they had no immediate comment. Source: The plane skidded off the runway after landing on the Mandera airstrip around 8:30 am, then overshot it and plunged into thicket. Images shared online showed...

The Middle East conflict affected global financial markets, logistics and hampered the supply of raw materials essential to many industries. In alphabetical order, here is a list?of?some companies that have reacted?to the crisis?by postponing or withdrawing their initial?public?offerings? Due to the geopolitical instabilities, which have clouded an offering's outlook, Romanian Telecoms Operator said it would delay plans to list its Spanish division on April 23, 2019. DOMETIC GROUP The Swedish outdoor technology company has withdrawn its dividend proposal for 1.00 swedish crowns per share ($0.11) and instead proposed no dividend for the year 2025. The company said that geopolitical events...

Officials said that on Friday, French President Emmanuel Macron & German Chancellor Friedrich Merz?tasked? their respective defence ministries to continue working on?the controversial Franco-German FCAS Fighter Jet Project. Plans to develop an 'futuristic air-combat system' with Spain are hanging by a thread due to a public disagreement over control between France Dassault Aviation, and Airbus which represents Germany and Spain on the 100 billion euro ($116.85billion) project. Macron replied "No" when asked by a journalist if the FCAS was dead. The French 'president' said that he and Merz had discussed the matter on the sidelines of an EU summit in...

These are the most popular?stories from the Wall Street Journal. These stories have not been?verified? and we cannot vouch for their accuracy. Pershing Square Inc., an investment firm owned by Bill Ackman, plans to sell up to 33.12 millions shares at a price of $50 each in its initial public offer. Nike plans to reduce its workforce by 1,400 employees, or 2% of its total, in order to simplify its global operations. Donald Trump, the president of the United States, said that the 'U.S. Spirit Airlines is a struggling budget airline that could be taken over by the government to...

The National Transportation Safety Board reported Thursday that a critical?runway safety?system failed to activate prior to a fatal?collision on March 22 between an Air Canada Express jet and a fire?truck, which killed two pilots. In its preliminary report, the NTSB said that the red runway entry lights that warn of unsafe crossings were still on three seconds prior to the collision. The NTSB stated that the system is designed to turn off the lights about 2 to 3 second before the plane reaches each intersection. The Express CRJ-900 regional plane touched down about 2 seconds before it collided and was...