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EasyJet's board agreed in principle on 5 July to Castlelake's fifth takeover bid at $9.20 (£6.90) per share, valuing the airline at $6.9bn (£5.2bn). A formal offer is due by 3 August. Bernstein expects a break-up and sale of assets to European network carriers.
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SAS has placed the largest order in its history, committing to up to 40 Airbus A330 widebody aircraft in a $10bn deal signed 30 June 2026. The order follows the carrier's emergence from Chapter 11 bankruptcy two years ago.
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Pakistan formally transferred management control of PIA to the Arif Habib Consortium on 30 June 2026, ending more than seven decades of state ownership in a $645mn transaction that injects $449mn directly into the airline as fresh equity.
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EASA has issued an emergency airworthiness directive grounding five Emirates A380s before their next passenger flight and requiring 11 more to be inspected within 25 flight cycles for wing mid-spar cracks. The directive took effect on 24 June 2026.
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AirAsia X has cancelled its remaining 15 A330-900 orders by mutual agreement with Airbus, confirmed 17 June, formally ending a widebody programme that once stood at 100 aircraft and completing the group's shift to an all-narrowbody long-haul strategy.
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Castlelake has gone public with a £4.74bn ($6.21bn) all-cash proposal for easyJet after the board rejected three offers. A Takeover Panel deadline of 5pm Friday 26 June forces a decision within days.
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IATA called for urgent European airport tax cuts at its Rio AGM on Saturday, as fuel costs at $163 per barrel erode the margins that its December $41bn profit forecast assumed at $88 per barrel.
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Emirates has cut 14 per cent of its June flight schedule, removing nearly 500,000 seats six weeks after posting a record $6.6bn annual profit. Cirium data shows 47 destinations affected, with some routes cut by more than half.
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A Seattle jury cleared Boeing of MAX fraud on 22 May, rejecting LOT's $153mn damages claim. Ten days earlier, a Chicago jury awarded $49.5mn to the Stumo family. Two verdicts, opposite outcomes, same week.
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Norse Atlantic has hired JPMorgan for a sale process that could value it at $1.3bn including debt, as Q1 net losses deepened 60 per cent and passenger numbers fell 25 per cent in April amid fuel costs and route cuts.
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easyJet's H1 2026 pre-tax loss widened 40% to $740mn (552mn pounds) as fuel costs, legal provisions and new Italian base investments offset 12% revenue growth to $5.0bn and a record 90% load factor.
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FAA administrator Bryan Bedford told Congress on 19 May the agency had a "bad design" that caused the Reagan National crash, and announced a fundamental structural reorganisation designed to end data silos and strengthen safety accountability.