Air Canada has urged Canadian Prime Minister Justin Trudeau to step in as a possible pilots’ strike threatens to ground its operations. This unprecedented request for government intervention has sparked controversy in the aviation sector. The airline’s pilots, represented by the Air Line Pilots Association, International (ALPA), have been in a deadlock over contract negotiations. […]
Chorus Aviation Inc. (TSX: CHR) has announced a landmark agreement to divest its Regional Aircraft Leasing (RAL) segment, including Falko Regional Aircraft Limited and equity interests in related aircraft investment funds, to affiliates of HPS Investment Partners, LLC. The total consideration for this transaction amounts to approximately C$1.9 billion, comprising C$814 million in cash and […]
In a significant development in one of Canada’s most audacious heists, a 36-year-old man of Indian origin, Archit Grover, was arrested on May 6, 2024, in connection with the theft of over 22 million Canadian dollars worth of gold bars and foreign currency. This arrest comes nearly a month after the apprehension of five others […]
In an unprecedented move signaling a major advancement in the aviation sector, Swedish hybrid-electric airplane manufacturer Heart Aerospace announced a colossal $107 million in Series B funding. This critical injection of capital marks a pivotal moment for sustainable regional air travel, bringing the company’s total financing to a staggering $145 million since its inception. The […]