Jet Airways has appointed Sundaram Ramesh as its new finance chief and director, alongside two other newly appointed board members, effective 20 July. The troubled Indian carrier named Ramesh as a whole-time director, according to a same-day filing to the Bombay Stock Exchange. Gautam Acharya, a Jet Airways employee for the last 15 years managing aircraft leasing and contracts, regulatory affairs and legal, has also been named whole-time director. Rajesh Prasad will take up the post of non-executive director. Prasad's LinkedIn profile indicates he was the airline's chief strategy officer from July 2018 and September 2021, and had a 25-year stint at the State Bank of India (SBI). The board appointments are for a three-month term until 20 October, and can be extended at the discretion of the monitoring committee established to oversee implementation of the resolution plan as part of its corporate insolvency resolution process. Jet Airways has yet to appoint a new chief following the departure of chief executive-designate Sanjiv Kapoor on 1 May. Kapoor joined the airline in April 2022 to oversee plans to restart the airline. The airline was grounded in April 2019 and entered a corporate insolvency resolution process, emerging under its new owner, the Jalan Kalrock Consortium. The consortium was seeking to restrain the SBI from exercising a Rs1.5 billion ($18.3 million) performance bank guarantee relating to the transfer of Jet's ownership and was granted on 26 May more time to pay dues it owed the bank.

Fitch Ratings has upgraded American Airlines' issuer default rating (IDR) to "B+" from "B-", with a stable outlook. The US ratings agency says it has also upgraded the carrier's senior secured debt to "BB-"/"RR3" from "B"/"RR3" and unsecured debt to "B-"/"RR6" from "CCC"/"RR6". It adds that the rating upgrade reflects the airline's de-leveraging progress and Fitch's expectations that improving profitability and free cash flow provide a line of sight toward continued balance sheet improvement. The agency expects American to end the year with less than $43 billion in total adjusted debt, down from a peak of over $48 billion in 2021. Fitch states: "American is also benefitting from improved operational performance, with flight cancellations through the first several months of the year down materially from the year prior." The Fort Worth-based US major is set to take deliveries of more 737 Max and 787 aircraft in 2024, but total capital spending is expected to remain manageable, the agency notes. As of 31 March, American held $14.4 billion in liquidity, consisting of $11 billion liquid short-term investments, $452 million in cash and cash equivalents, and full availability on their $2.9 billion aggregate revolving credit facilities. Fitch believes that the 2025 risk is addressable "given that the loyalty programme, and slots, gate, and routes collateral underlying certain maturities has proven to be readily financeable in the past, providing the company with refinancing options".

West African carrier Cabo Verde Airlines has received a Boeing 737 Max 8 that it says will enable it to restart flights within Africa and to Europe, North and South America. "This is a significant moment for Cabo Verde Airlines. With the addition of the 737 Max 8, we continue to expand our fleet to pre-pandemic levels," states Cabo Verde Airlines chief executive Sara Pires. "The delivery of an airplane with the capabilities of the 737 Max 8 allows us to meet the growing travel demand to our archipelago country at the crossroads of four continents." Data identifies one 737 Max 8 in operation with Cabo Verde Airlines as MSN 60432, which it is leasing from Aergo Capital. The jet was previously owned and operated by the defunct South African carrier Comair. The carrier currently flies within Cape Vere and to Paris and Lisbon with one 737. The latest aircraft addition is part of its "take-off" relaunch strategy intended to expand its network to routes operated prior to the pandemic.