Tue.Jun 11, 2024

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Activist Investor Elliott Faces an Uphill Battle in Southwest Coup Attempt

Cranky Flier

There is no LUV for Southwest Airlines management this week as activist investor Elliott has taken more than a 10 percent stake in the airline and wants to fire Chairman Gary Kelly and CEO Bob Jordan. If you thought Carl Icahn’s investment in JetBlue was going to be a big fight, you ain’t see nothing yet. This is going to get ugly. So far, I am not impressed by Elliott’s take, but if this does push Southwest to act more quickly, then everyone wins.

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airBaltic CEO Martin Gauss talks finances and new investments at the airline 

Aerotime

May 2024 proved to be consequential for airBaltic on the financial front. The Riga-based airline not only posted its highest profit ever (€34 million) for 2023, but it also managed to successfully place the largest corporate bond in the history of Latvia. Although the 14.5% interest rate has raised some eyebrows, the €340 million airBaltic has raised this way will allow the airline to save a rather critical financial match-ball.

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Trending Sources

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EL AL Opts For Boeing 737 MAX Over Airbus In New $2 Billion 30 Aircraft Order

Simple Flying

EL AL , the de facto flag carrier of Israel, has entered into exclusive negotiations with Boeing and aircraft lessors as it looks to order 30 Boeing 737 MAX aircraft. The Israeli carrier estimated that the total worth of the order would range between $2 billion and $2.5 billion, with EL AL choosing Boeing over Airbus.

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Lufthansa makes concessions to EU to secure backing for ITA Airways takeover   

Aerotime

Lufthansa is preparing to make additional concessions to the European Commission to secure European Union approval for its planned investment in Italy’s state-owned ITA Airways , according to a report published by the Politico website. This latest maneuvering by the German flag carrier is being seen as a way to diffuse growing tensions over the deal that could be facing an EU veto – a move that the Deputy Prime Minister of Italy, Matteo Salvini, has described as a “serious attack on Ital

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Up To 126 Daily Flights: New York JFKs Huge European Network Examined

Simple Flying

Everyone knows New York JFK is the USA's number one gateway to Europe. Examining all schedule data using OAG shows between 112 and 126 daily passenger departures to Europe (double for both ways) between June and September 2024. Approximately 30 airlines operate, with 39 European destinations served non-stop, although its network is not quite at a record level.

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Singapore Airlines offers up to $25,000 to passengers injured during turbulence

Aerotime

Singapore Airlines has officially laid out its offers of compensation to passengers who sustained injuries on flight SQ321 when it hit extreme turbulence. The incident resulted in the death of one passenger and multiple others were injured. In a Facebook post dated June 11, 2024, the airline apologized for the “traumatic experience” endured by passengers on SQ321 on May 20, 2024.

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ITA Airways' Combined Plane & Train Tickets: Everything You Need To Know

Simple Flying

Last year, ITA Airways launched a new service in conjunction with AccesRail and FlexFlight. The service combines air and rail travel on a single ticket, ensuring travelers arrive seamlessly across Europe and significantly expanding the airline's destination network. Here's everything you need to know.

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The Most Notable New Airline Routes This Week

Simple Flying

Welcome to my 131st weekly routes article! I have analyzed subjectively exciting services that began in the past week or so. As usual, multiple other example launches are listed at the bottom. Click here to see the last jam-packed edition.

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Major shareholder calls for Southwest Airlines shake up, CEO resignation

Aerotime

Elliott Investment Management, an investment fund known in the financial community for its activist stance, has requested the resignation of Southwest Airlines CEO. The asset management firm holds a $1.9 billion equity position in the airline, equivalent to nearly 11% of the airline’s market cap as of June 2024. In a letter sent to the Dallas-based airline’s board of directors, Elliott Investment Management voiced strong criticism of the way the airline has been managed in recent years.

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Air France’s Pop-Up Restaurant With Airplane Food For Paris Olympics

One Mile at a Time

Air France is opening a pop-up restaurant this summer during the Paris Olympics. As an aviation geek, I love this concept, and am (almost) sad I won’t be in Paris for the Olympics… Air France’s restaurant at Palais de Tokyo in Paris The Paris Olympics will be taking place in late July and early August 2024. Air France is one of the sponsors, as of course this is a huge event for the airline.

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British Airways A319 hydraulic leak injures ground staff, forces evacuation 

Aerotime

Passengers onboard a British Airways Airbus A319 at Stuttgart Airport were evacuated after a hydraulic fluid leak activated a smoke alert as boarding was being completed. Although there were no injuries among those onboard, five members of the ground crew were injured, four of which attended hospital as a result. The incident unfolded as British Airways flight BA921 prepared to depart Stuttgart Airport (STR) in Germany heading to London-Heathrow Airport (LHR) on June 8, 2024.

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Bottom 5: The Worst Ever Fighter Jets & Why They Failed

Simple Flying

Combat aircraft are draining to be fast, efficient, and robust enough to successfully complete the missions. While many combat-capable aircraft achieve the designed goals, some are met with failure. Whether it is design, operational performance, or pure circumstance (timing, technology advancement, etc.), some planes inevitably fail. This article explores some of the worst military planes that were proven unsuccessful for a variety of reasons.

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Singapore Airlines Offers $10K+ Compensation For Turbulence Flight

One Mile at a Time

On May 21, 2024, a Singapore Airlines Boeing 777-300ER encountered severe turbulence while enroute from London (LHR) to Singapore (SIN), on flight SQ321. The turbulence was so bad that dozens of people suffered serious injuries, and there was even one fatality (reportedly from a heart attack). The jet diverted to Bangkok (BKK), where many passengers were hospitalized.

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Double Decker Business Class: The Next Premium Seating Revolution?

Simple Flying

Every year at AIX , we see a range of innovative concepts for future aircraft cabins launched, from RECAROs plug-and-play tray tables to Panasonic's 45 inch curved IFE screen. One regular event attendee is Alejandro Nunez Vicente, with his Chaise Longue stacked seating concept.

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Richard Branson Talks Virgin Atlantic Bar, Upper Class, And Gatwick

One Mile at a Time

Virgin Atlantic is currently celebrating its 40th anniversary. To commemorate this, The Times had an interview with founder Richard Branson, covering so many aspects from the airline (thanks to Creditcrunch for flagging this). I wanted to cover some of the highlights, because Branson had some surprising things to say. It’s important to keep in mind that while Branson is a billionaire, he’s sort of a marketer and dreamer above all else.

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A Closer Look At The Booming Pre-Owned Business Jet Market

Simple Flying

The business jet market has seen a significant uptick in recent years. The aviation recovery from the pandemic saw large numbers of business jet transactions. Whether it is independent ownership, fractional ownership, or jet charter services, more and more business jets have been sold in the last few years.

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Buy Southwest Rapid Rewards Points For 50% Off (1.5 Cents Per Point)

One Mile at a Time

Southwest Airlines Rapid Rewards has introduced its latest promotion on purchased points. While there has long been value in strategically buying points , the concept of a revenue based frequent flyer program selling points has always been strange to me, especially for an airline like Southwest. Let’s take a look at the details, but I’ll say upfront that this is an offer you probably shouldn’t take advantage of, even though this is in line with the best offers we see from Rapid Rewards.

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5 Airlines That Let You Transfer In Your American Airlines Frequent Flyer Status

Simple Flying

Do you have an elite status with American Airlines and wish to receive a status match with another airline? Many global airlines offer status matches with American's Advantage program. A status match provides an equivalent status tier with a different airline based on your existing status. Many airlines are eager to bring members of rival airlines who may be unsatisfied with their existing program or want to switch to different airlines due to their circumstances.

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Bleak Outlook for Bonza: Shut Down of Collapsed Airline Highly Likely

Airline Geeks

The collapsed airline’s administrators have terminated all employee contracts and canceled future flights, according to 9 News Australia.

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Flying From White Plains: A Look At Westchester County Airport

Simple Flying

Travelers that have the ability to fly privately are treated to the ultimate flexibility and efficiency when traveling. Private jets are able to depart their airport whenever the traveler or operator would like, and do not have to be confined to scheduled commercial flights that may be inconvenient. The traveler can also fly their intended route, as long as their private aircraft has the range capabilities.

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Hail Damage Rattles A320 Passengers

AV Web

The shattered radome and cracked windscreens of an Austrian Airlines A320 got viral coverage Sunday after the plane encountered hail from a cell on approach to Vienna-Scwechat Airport. The flight was on its way from Palma de Mallorca, Spain, when it hit the weather, which the airline said didn’t show up on the crew’s weather radar (which ironically took the brunt of the damage). “I think we were about 20 minutes from landing when we got into a cloud of hail and thunderstorm, an

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Single Engine Low Wing: The Four Aircraft That Cirrus Has Produced

Simple Flying

Cirrus wasnt always the industry powerhouse it is today. The company was created by the Klapmeier brothers in their parents barn in 1984, with its first product being kit aircraft. However, it has come a long way since, creating high-performance private aircraft and the only civilian single-engine jet aircraft in production.

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JetBlue Starting Flights From Long Island

Airline Geeks

JetBlue has announced that it will be expanding its operations in the New York metropolitan area by starting flights at Long Island MacArthur Airport (ISP).

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Top 5: The Best Vertical Take Off & Landing (VTOL) Military Aircraft

Simple Flying

As the name suggests, a vertical takeoff and landing (VTOL) aircraft can become airborne or land vertically without the use of a runway strip. While helicopters are designed for vertical operations, the VTOL classification is only limited to airplanes that can achieve lift in forward flight. Such aircraft have increased combat efficiency through a lower response time.

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Capital One Lounge Coming To New York JFK Airport Terminal 4

One Mile at a Time

Capital One’s network of airport lounges is expanding even further, as the card issuer has announced plans for another new lounge. This complements the existing Capital One Lounge Dallas (DFW) , Capital One Lounge Denver (DEN) , Capital One Lounge Washington Dulles (IAD) , as well as the future Capital One Landing concept. Basics of the Capital One Lounge New York JFK A Capital One Lounge will be opening at New York JFK Airport Terminal 4.

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Which Aircraft Can Land At London City Airport?

Simple Flying

London City Airport is the smallest, but most centrally located, of Londons airports. With its size and urban location, it has several restrictions on aircraft that can use it. You wont find any of the larger Boeing or Airbus aircraft there, but there are plenty of smaller aircraft that can operate. The dominant commercial jets operating there today are the Embraer E190 and the Airbus A220.

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Air Mauritius to Stick With Airbus A350 Widebodies

Airline Geeks

Air Mauritius CEO, Charles Cartier, said that the airline favors the Airbus A350 aircraft for its growing widebody operations.

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WestJet And Virgin Atlantic Expand Codeshare Offering Canadian Travelers More International Options

Simple Flying

WestJet and Virgin Atlantic are taking their partnership to the next level by expanding the destinations covered in the agreement. This will open up several new destinations for the Canadian carrier, with Virgins global routes to India, Africa, and the Middle East becoming available.

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Merlin To Automate C-130s Next

AV Web

The U.S. Special Operations Command (USSOCOM) has awarded a $105 million contract to Merlin to build virtually autonomously operated C-130J Super Hercules transports. Although the description of the resulting aircraft is that they have “reduced aircrew capability,” one of the requirements for the contract is that they be able to fly takeoff to touchdown without human intervention.

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16 Mishaps: What To Know About The F-22 Raptor's History Of Crashes

Simple Flying

As recently as May 2024, an F-22 Raptor was reportedly involved in a 'mishap' crashing at the airport in Savannah. But how many F-22s have crashed or been damaged over their careers? 16 crashes (most did not result in the destruction of the aircraft) have been recorded while the F-22 has been in US Air Force service. Around five Raptors have been total write-offs.

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Apple is launching Text Message via Satellite in iOS 18

iPad Pilot News

Apple is launching Text Message via Satellite in iOS 18 iPad Pilot News Apple kicked off its annual developer conference yesterday, unveiling iOS 18 and iPadOS 18’s new features , which will be available on Apple devices later this year. The primary focus was on Apple’s latest AI developments, which they’ve branded as “Apple Intelligence.” This includes numerous user interface updates and enhancements to the default Apple apps on your device, which use AI to help yo

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Menzies Chief: The Future Of Heathrow Is Limited Without A 3rd Runway

Simple Flying

Philipp Joeinig, the chief executive officer (CEO) of Menzies Aviation, a provider of various aviation services, is skeptical about the future success of London Heathrow Airport (LHR) if the airport does not expand its runway infrastructure.

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Flying Proms Symphonic Air Show Returns to The Military Aviation Museum

Vintage Aviation News

PRESS RELEASE Get ready to soar into history as the Flying Proms Symphonic Air Show returns to the Military Aviation Museum this June 15th. A unique celebration commemorating the 80th Anniversary of D-Day, this one-of-a-kind event combines the thrill of an air show with the elegance of a symphony performance. Flying Proms Overview – Photo Credit Ricardo von Puttkammer Modeled after the beloved British Proms outdoor concert, this Americanized rendition offers a blend of patriotic melodies,

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How To Earn Avios At The Gas Station

Simple Flying

Introduced in 2011, Avios serves as the frequent flier currency for the loyalty programs of six airlines. These include Qatar Airways, Finnair, and the carriers under the International Airlines Group (IAG), such as British Airways, Iberia, Vueling, and Aer Lingus. The most straightforward method to accumulate loyalty points is, of course, by flying.

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Volunteer Spotlight — Don and Shay Lusk

Inspire

Don and Shay Lusk, EAA 1475013 and 1495171, of EAA Chapter 586 in Show Low, Arizona, have a passion for sharing the wonders aviation has to offer with people of all ages. The post Volunteer Spotlight — Don and Shay Lusk first appeared on Hangar Flying.

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Exploring The Market: 5 Light Business Jets

Simple Flying

Fast, compact, and sleek, light business jets are the epitome of luxury and efficiency. They offer the perfect blend of speed, comfort, and cost-effectiveness for corporate travel. These aircraft are designed for short to mid-range flights, typically accommodating six to eight passengers.

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AI in Your Toolkit

Inspire

In a recent column for EAA Sport Aviation, contributor Lisa Turner discusses how artificial intelligence could help when it comes to small aircraft maintenance. The post AI in Your Toolkit first appeared on Hangar Flying.

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