Major Deal: Air Canada Sells 25% Stake in Loyalty Program for $2.5 Billion
Air Canada will sell a 25% Aeroplan stake for $2.5 billion, valuing the loyalty program at $10 billion while retaining 75% ownership and full control
Air Canada will sell a 25% Aeroplan stake for $2.5 billion, valuing the loyalty program at $10 billion while retaining 75% ownership and full control
Bucharest Airport begins the first phase of a large solar energy project backed by EU funding to reduce costs and increase energy security
Travel and tourism generated a record $11.6 trillion for the global economy in 2025 as investment exceeded $1 trillion. Who were the biggest contributors?
The US is investing $870 million to modernize major airports, improving passenger flow, security, baggage handling and the overall travel experience
Dallas Love Field will receive $23.7 million from the FAA to modernize boarding bridges and improve the travel experience for families
easyJet's board has signaled it is prepared to back Castlelake's £6.90 per share takeover proposal, while both parties continue negotiations ahead of an extended August 3 deadline
Emirates has unveiled a new global lounge concept, with the first redesigned lounges opening in Munich and Frankfurt
The Scandinavian airline has signed an order for 18 A330neo aircraft and will also add A330-300 aircraft. The move is the largest investment in the company's history
Air France-KLM has warned the public about a fraudulent online advertisement promoting a fake private jet investment scheme falsely using its name and branding
A new solar power plant, with an investment of 220 million euros and a capacity of 240 megawatts, makes Istanbul's giant airport the first of its kind to be powered entirely by electricity from renewable energy
The US Federal Aviation Administration is launching a new public platform that reveals the behind-the-scenes of the largest aviation project in the US, with more than 10,000 upgrade jobs and a $12.5 billion investment
Ethiopian Airlines has inaugurated a new 5,500-square-meter lounge at its home port in Addis Ababa, showing "unwavering commitment to deliver an end-to-end, world-class hospitality". The company is also running a year-end sale to a variety of global destinations
Turkish aviation giant steps in as a minority shareholder. Following European airlines' withdrawal from the race to invest in the Spanish company: "The process will take between 6 to 12 months"
Airport upgrades in Larnaca and Paphos aim to boost the island's regional status and enhance the flying experience for millions, including hundreds of thousands of Israelis. Cypriot President: "We are not just improving infrastructure – we are opening Cyprus to the world"
An investment of £100 million, as part of British Airways' £7 billion renewal program, has pushed the airline to achieve peak operational performance
The IPO is partnered with Jared Kushner's "Infinity Partners Fund". If the IPO proceeds, it is expected to be one of the largest in recent years on the local stock exchange, signaling recovery and renewed openness to foreign investments despite security and geopolitical challenges