Airbus's Defence and Space division expects to cut up to 2,500 jobs through mid-2026 in a bid to improve its competitiveness. The Munich-based unit notes that its space systems segment in 2023 and 2024 recorded "significant financial charges". "In recent years, the defence and space sector and, thus, our division have been impacted by a fast-changing and very challenging business context with disrupted supply chains, rapid changes in warfare and increasing cost pressure due to budgetary constraints," states Airbus Defence and Space chief executive Mike Schoellhorn. "We want to shape the division so it can act as a leading and competitive player in this ever-evolving market." It is not clear if the workforce reduction in the Defence and Space division will have any impact on the company's commercial aircraft unit.

The European Council has placed sanction against three Iranian airlines – Saha Airlines, Mahan Air and Iran Air – for their role in transferring missiles and drones to Russia for their use against Ukraine. The decision by the Council, an executive body of the EU, subjects the carriers to asset freezes and bans them from operating in the EU. The transferring of funds or any other resources to the companies is likewise banned. Alongside the airlines, sanctions are being applied against several other companies and individuals for their role in facilitating Iranian assistance to Russia. The moves follow the Council’s decision in May to broaden the scope of the EU’s sanctions to include Iran’s support of Russia’s war in Ukraine. It was extended further in July, and will be assessed annually.

The chief executive and chief financial officer of Nigerian airline Air Peace have been charged with obstruction of justice in the USA over the alleged filing of false documents concerning an earlier investigation into fraud and money laundering. Leading the case, the US Attorney’s Office for Southern Georgia accuses Air Peace chief executive Allen Onyema of using the airline as a cover to commit fraud involving the US banking system, and of "additional crimes of fraud" in a bid to derail the authorities’ investigation. Chief financial officer Ejiroghene Eghagha is meanwhile accused of participating in the obstruction scheme and earlier bank-fraud counts. Air Peace responds in a statement that the legal issues are part of an "extended legal process" dating back several years, and that Onyema has consistently co-operated with US authorities. "We remain confident that, through due process, the truth will be revealed and our CEO and co-defendant will be exonerated," it adds in the statement, published on X. US authorities allege that between 2010 and 2018 Onyema opened several personal and business bank accounts in Atlanta, into which was transferred around $45 million from foreign sources; and that, starting in 2016, he and Eghagha used fake letters of credit to cause banks to transfer more than $20 million into Atlanta-based accounts controlled by Onyema, purportedly to fund the purchase of five Boeing 737s. The company that Air Peace was purportedly buying the equipment from – Springfield Aviation Company LLC, based in Georgia – was, the indictment states, owned by Onyema and managed on his behalf by a person with no connection to the aviation business, and never owned the aircraft, while the company that allegedly drafted supporting appraisals did not exist. Onyema is accused of laundering over $16 million of the proceeds of fraud by transferring it to other accounts. The authorities further allege that in May 2019, upon discovering that he was under investigation for bank fraud, Onyema, working with Eghagha, submitted a falsely-dated contract to authorities in a bid to stop the investigation and unfreeze his bank accounts. Onyema and Eghagha were indicted on November 2019 on one count of conspiracy to commit bank fraud, three counts of bank fraud, one count of conspiracy to commit credit-application fraud, and three counts of credit-application fraud. Additionally, Onyema was charged with 27 counts of money laundering, and Eghagha was charged with one count of aggravated identity theft. On 8 October 2024, they were both charged in a superseding indictment alleging an additional count of obstruction of justice and one count of conspiracy to obstruct justice. "The diligence of our federal investigative partners revealed the defendants’ alleged obstruction scheme, making it possible for the defendants to be held accountable for their aggravated conduct of attempting to impede a federal investigation," states US attorney Ryan Buchanan. Air Peace does not expect the charges to impact its day-to-day operations, stating: "The dedication and focus of our staff remain steadfast as we continue to provide you with the best aviation experience in Nigeria and beyond."