The European General Court has annulled a 2008-dated decision by the European Commission to approve Romanian state aid to Timisoara International airport that benefited Wizz Air. The court found that the Commission committed several errors of law when examining the nature of the measures and whether they would confer an advantage, such as by providing a steeper discount on airport charges for the carrier. It also rejected the argument from the Commission that action challenging the decision, which was brought by regional airline Carpatair, was inadmissible. The court considered that Carpatair was directly and individually concerned by the decision, as the agreements between Timisoara and Wizz were likely to have a substantial effect on its competitive position. Carpatair first submitted a complaint to the Commission challenging the aid in 2010. The carrier now operates as a charter, wet-lease and ACMI dedicated airline, with a fleet of three aircraft.

Hong Kong carrier Cathay Pacific has again decided to defer its dividend payment on preference shares issued to a company owned by the Hong Kong government that would have been due on 13 February. The airline has already deferred payment of the first dividends four times, which was originally due on 16 February 2021. The preference shares are part of a HK$39 billion ($4.97 billion) recapitalisation plan first revealed on 9 June 2020 and completed on 12 August 2020. Cathay issued 195 million new preference shares of HK$100 each to Aviation 2020, a company of which the Hong Kong government has ultimate ownership. The per annum dividend rate on the shares is 3% for the first three years, 5% for the fourth year, 7% for the fifth year, and 9% thereafter. These are not redeemable at the option of Aviation 2020, while Cathay may at any time redeem all or some of the preference shares, at the HK$100 issue price plus any outstanding obligation arising from the dividend policy.

Pratt & Whitney Canada and ATR have agreed to combine efforts to make PW127 series engines compatible with pure sustainable aviation fuel by 2025. European turboprop manufacturer ATR has previously disclosed its aim to obtain 100% SAF certification for its ATR 42/72 family by the same year. P&WC's latest-generation PW127XT engine, which entered service last year as a new standard on ATR turboprops, is designed for full SAF use. But earlier iterations of the powerplant are certificated for 50% SAF blends with fossil-based kerosene, as is typical for current-generation commercial aircraft and engines. "Our collaboration with ATR will be underway throughout 2023 and 2024 and builds on our recent 100% SAF test flight with Swedish airline Braathens Regional Airlines," states P&WC vice-president sales and marketing Anthony Rossi. In June 2022, the two manufacturers and BRA jointly conducted a test flight from Malmo to Stockholm with one of the airline's PW127M-powered ATR 72-600s operating on full SAF. The airframer's chief executive, Nathalie Tarnaud Laude, says the trial demonstrated that ATR aircraft are SAF-ready. "Now, we need to continue to join forces to increase SAF availability, as part of our common journey towards net zero," she adds.