Airline alliance Oneworld has appointed Ole Orver as its new chief executive, effective 1 April. Orver, formerly Finnair's chief commercial officer, succeeds Nat Pieper at Oneworld's helm. In October, Pieper was recruited by Oneworld member American Airlines to become its commercial chief. "We are pleased to welcome Ole as CEO of Oneworld as the alliance leads the world in redefining the full breadth of value it provides to member airlines and their customers," states American's chief executive Robert Isom, who chairs Oneworld's board. Orver was with Oneworld member Finnair for six years before departing in April 2025, his LinkedIn profile shows.

Air Canada and Pegasus Airlines have formed a new interline agreement. Air Canada customers will be able to book travel on nine Pegasus-operated routes, offering connections via major European gateways to Istanbul and the Aegean coastal city of Izmir. "Air Canada’s strategy is built on connecting people, markets and opportunities around the world," states Mary-Jane Lorette, vice-president, revenue management, partnerships and international affairs at Air Canada. "Our partnership with Pegasus Airlines expands our reach into Turkey, offering customers more ways to explore one of the world’s most dynamic regions while reinforcing our role as a leading global airline." Through the partnership, travellers flying to Air Canada's European gateways of Amsterdam, Frankfurt, Copenhagen, Munich, Geneva, Vienna, Zurich and Athens, can connect onward to Istanbul Sabiha Gokcen International airport, and from Frankfurt to Izmir Adnan Menderes airport. Air Canada and Pegasus are exploring expanding the partnership into a full codeshare in the future, which would include reciprocal loyalty programme benefits and enhanced co-operation across both carriers' international networks.

Azul has concluded its voluntary financial restructuring process under US Chapter 11 bankruptcy protection, completing it within nine months. "Throughout this process, Azul carried out a comprehensive transformation of its balance sheet and emerges from Chapter 11 having achieved its key objectives, including strengthening its capital structure, increasing liquidity, and substantially reducing indebtedness, enabling greater sustainability and long-term growth for its operations," says the Brazilian carrier in a 20 February filing to the US Securities and Exchange Commission. The restructuring was implemented through agreements with the airline's main creditors, including holders of its debt securities issued in the market, its largest aircraft lessor AerCap, and two strategic investors: United Airlines and American Airlines. Azul says it has reduced loans and financial debt by $1.1 billion and cut aircraft lease debt by nearly 40%. It estimates that annual interest payments will be more than 50% lower than pre-Chapter 11 levels. During the restructuring, Azul operated about 800 flights a day. It says: "Looking ahead, Azul remains focused on disciplined and sustainable growth, maintaining operational excellence, and generating long-term value for customers, crew members, and partners worldwide." It was on 28 May 2025 that Azul filed for Chapter 11 in the US Bankruptcy Court for the Southern District of New York.