It was announced 'on Friday that the organisation in Poland responsible for air traffic control could lose airline fees amounting to more than 80% of their income as a result of a Belgian Court ruling on a case brought against Poland by U.S. pharmaceutical company?Pfizer over payment for COVID-19 vaccinations. The European Organisation for the Safety of Air Navigation in Brussels (Eurocontrol), informed the Polish Air Navigation Services Agency that it was owed money from airline fees. This is due to the April ruling. PANSA stated that it was preparing an official objection as the case was not related to...

Industry sources reported on Friday that PAL is expected to announce its first Boeing purchase in nearly 20 years. These orders will be announced this month at the Farnborough Airshow. The inclusion of the Boeing 787 in the competition will trigger a separate engine race between Britain's Rolls-Royce Aerospace and U.S. giant GE Aerospace. Airbus and Boeing refused to comment on the commercial discussions. Philippine Airlines stated that it was unable to provide any?information regarding potential fleet acquisitions. The airline's president announced at an industry summit in June that it planned to order "new planes" within the next two months....

U.S. Stock Futures were mixed Friday, after a strong Wall Street rally. Investors awaited SK Hynix's highly anticipated Nasdaq debut and weighed the impact of recent Middle East conflict escalation. Chipmakers' gains fueled the main U.S. indices to close higher during the previous session. The S&P 500, Nasdaq, and Dow were all on track to gain weekly gains as of Thursday's closing. The AI trade was also back on the agenda ahead of SK Hynix listing in the U.S. on Friday. Memory-chip maker raised $26.5 billion by selling American?Depositary Receivables' priced at $149. This is the largest share offering in...

Ryanair confirmed that one of its planes had to make an emergency landing in Greece shortly after take-off, due to a "dislodged" window. Two industry sources said a passenger may have been partially sucked from a window. The airline said that one person received medical assistance, but did give no further details. The plane was flying between Thessaloniki and Memmingen Airport in Germany. In a statement,?Ryanair stated that the 'aircraft landed normal and passengers returned to the terminal. Local media in Greece reported a broken piece of engine that caused a window to break, which led to a cabin decompressing...

Delta Air Lines reaffirmed ?its full-year profit forecast and provided a stronger-than-expected third-quarter outlook on Friday, signaling confidence that recent fare gains can hold even ?as fuel prices ease from this year's highs. The first major U.S. airline to report its results,?the?outlook?, offers a?early read on whether airlines will be able to maintain fare increases that were pushed through in the spring fuel crisis as costs decrease. Delta Chief financial officer Erik Snell stated that the carrier recovered approximately 60% of the fuel price increase in the second quarterly, faster than they have historically done, and expects to recover even...

Delta Air Lines reaffirmed its full-year profit forecast ?and gave a stronger-than-expected third-quarter outlook on Friday, signaling confidence that recent fare gains can hold even as fuel prices ease ?from this year's highs. The outlook of the first major U.S. airline to report results provides an early "read" on whether airlines will be able to maintain the fare increases that were pushed during the spring fuel crisis as costs decrease. Delta Chief financial officer Erik Snell stated that the carrier recovered approximately 60% of the fuel price increase in the second quarterly, faster than they have historically done, and expects...

S&P 500 futures and Nasdaq Futures slowed on Friday as investors weighed Middle East tensions, and awaited SK Hynix's highly anticipated Nasdaq debut. Chipmakers' gains fueled the main U.S. indices to close higher during the previous session. The S&P 500, Nasdaq, and Dow were all on track to gain weekly gains as of Thursday's closing. The AI trade was also back on the agenda ahead of SK Hynix listing in the U.S. on Friday. Memory-chip maker, Micron, priced its American depositary Receipts (ADRs) at $149 per share on Thursday. The company raised about $26.5 billion. This offering will be the...

EasyJet, the British budget airline, said that it had agreed to a takeover offer of PS5.7 billion ($7.65billion) from Apollo Global. This was a higher bid than a rival suitor Castlelake. Apollo's offer of around PS7.15 per easyJet shares is approximately 3.6% higher than Castlelake’s latest bid. This could be the beginning of a battle to takeover?the London listed carrier. EasyJet's board announced that it would no longer recommend Castlelake’s proposal of PS6.90 a share, which the two parties had agreed on in principle just days earlier. EasyJet and Apollo stated in a joint press release that the cash offer...

Wally Funk has died in Texas, aged 87. He was the pioneering aviator and astronaut who, at the dawning of the Space Age with 12 American women, became the oldest person ever to fly into space. According to the statement, Funk died the night before at her home in Grapevine, Texas. The cause of death wasn't given. Funk, who had been barred from NASA’s early astronaut corps due to her gender, made headlines when she joined Jeff Bezos, the billionaire founder of Amazon.com, as his honorary guest, along with two other guests, on the inaugural spaceflight Blue Origin's New Shepard...

The U.S. Department of Commerce announced on Thursday that it had conducted a 'probe' into imported commercial aircraft and jet engines, and found foreign goods raised U.S. national security concerns. However, the Trump administration does not seek new tariffs. After a brief tariff on aviation in 2017, the Trump administration agreed, under heavy lobbying from the U.S. Aviation sector, to exempt aircraft and parts as part of trade agreements. The report, which is based on a probe that was opened last year found that the U.S. aviation industry "is too dependent on foreign supply chains raising national security concerns" and...

According to a source with direct knowledge of the matter, Air India Chairman N. Chandrasekaran will set up an interim committee, which includes himself, to oversee the airline while it searches for a replacement for CEO Campbell Wilson. Former top civil aviation ministry officials Pradeep Singh Kharola and Ajay Kumar will be included in the committee. According to the source, one of the goals of this panel is to maintain continuity at Air India during Chandrasekaran’s tenure as chairman Tata Sons, which is still pending. Tata Sons, the Tata Group's?principal holding firm, controls Air India, with 75% of the shares,...

These are the most popular?stories from the Wall Street Journal. These?stories have not been?verified' and we cannot?guarantee? their?accuracy. Jeff Bezos’ Blue Origin wants to bring in outside investors for first time. The company is aiming to raise 10 billion dollars through a funding round, which would value the rocket manufacturer at $130 billion before the investment. China has said that it found "security vulnerabilities" in Anthropic’s Claude Code. This is a step up in tensions with the U.S. in the race for artificial intelligence supremacy. Apple plans to spend more than $30 billion in a deal with Broadcom, which was...