LONDON and NEW YORK and DUBLIN, March 3, 2026 /PRNewswire/ — Deucalion Aviation, a global aviation investment and asset management platform, today announced the acquisition of three Airbus A330 aircraft currently on lease to Wamos Air. Deucalion acted as arranger and servicer in connection with the transaction on behalf of institutional investors. Deal terms were not disclosed.
The aircraft, powered by Rolls-Royce Trent engines, were sourced and executed through Deucalion’s global origination network and reflect the firm’s continued focus on mid- to end-of-life widebody aircraft with durable lease profiles and strong asset optionality.
The transaction expands Deucalion’s managed A330 portfolio and underscores the platform’s capabilities in sourcing, underwriting, and actively managing complex widebody assets across market cycles.
“We are delighted to add Wamos as a lessee in a transaction that highlights Deucalion’s ability to originate and execute multi-aircraft acquisitions in the mid-life widebody market,” said Nate Riggs, Chief Commercial Officer of Deucalion Aviation. “Our team focuses not only on identifying attractive relative value opportunities, but also on actively managing aircraft throughout their lifecycle โ including lease transitions, extensions, and end-of-life strategies. The A330 remains a highly versatile variant, and this transaction reflects our continued conviction in this segment of the market.”
Karl Trowbridge, Chief Operating Officer of Deucalion Aviation, added: “Mid- to end-of-life aircraft require hands-on operational oversight, deep technical capability and market knowledge to preserve and enhance value. Our platform is built around active servicing โ from detailed technical management and lease compliance to transition planning and remarketing. This transaction demonstrates how Deucalion integrates sourcing discipline with operational execution to deliver consistent outcomes for our capital partners.”
About Deucalion Aviation Deucalion Aviation is a global asset manager specializing in mid- to end-of-life commercial aircraft investment and servicing. The firm currently manages over $2 billion of aircraft assets and employs approximately 50 professionals across its key offices in New York City, London, and Dublin.
With over 20 years of heritage in aviation, Deucalion provides its institutional investor base with comprehensive asset management solutions spanning sourcing, underwriting, technical oversight, lease management, restructurings, transitions, and remarketing. The platform maintains long-standing relationships with airlines, lessors, MRO providers, and industry stakeholders worldwide.
Deucalion partners with institutional investors across the capital stack and is focused on generating long-term value through disciplined investment selection and active lifecycle management.
Below is a clear, structured, priorityโranked list of the best places a stranded passenger in the Gulf region should try to reach in order to get a flight home, based on which airports and countries still have open airspace, functioning hubs, and active longโhaul operations. This ranking reflects the current closures across the UAE, Qatar, Bahrain, Kuwait, and parts of Oman, as well as the continued operation of airports in Turkey, Egypt, and parts of Saudi Arabia.
1) Tรผrkiye โ Istanbul Airport (IST)
Top priority. Istanbul remains the largest fully operational international hub near the Gulf region. Turkish airspace is open, and IST continues to operate longโhaul flights to Europe, North America, and Asia. Even though Turkish Airlines has suspended flights to many Middle Eastern countries, flights out of Istanbul to the rest of the world are still running.
How to get there: From the Gulf, the only challenge is reaching Istanbul, since direct flights from closed airports are suspended. But if you can reach any open airport in Saudi Arabia or Egypt, you can then connect to IST.
2) Saudi Arabia โ Jeddah (JED) or Riyadh (RUH)
Saudi airspace is partially open, and both Jeddah and Riyadh continue to operate domestic and many international flights.
JED and RUH are functioning normally
Saudia and foreign carriers still operate longโhaul flights
Saudi Arabia has one of the lowest cancellation rates in the region (โ14%) compared to the UAE (75%), Qatar (82%), Bahrain (97%)
Why this is a strong option: Saudi Arabia is geographically close to the Gulf, reachable by shortโhaul flights from airports that are still open (e.g., Muscat, Cairo), and offers onward flights to Europe, Asia, and North America.
3) Egypt โ Cairo International Airport (CAI)
Cairo remains fully operational, with EgyptAir and dozens of foreign carriers continuing longโhaul service.
Egypt has a relatively low cancellation rate (โ9%)
CAI is a major African/European/Asian connecting hub
Airspace is open and stable
Why CAI works well: If you can reach Cairo from a secondary Gulf airport (e.g., Muscat or Salalah), you can then connect to Europe or North America easily.
4) Oman โ Muscat (MCT)
Oman has partial disruptions, but Muscat remains one of the few Gulf-region airports still operating.
Omanโs cancellation rate is lower than Qatar/UAE/Bahrain
Oman Air continues longโhaul operations
MCT is a safe staging point to reach Cairo, Jeddah, or Istanbul
Why Muscat matters: If you are stranded in the UAE or Qatar and can cross the border by land (where possible), Muscat may be the nearest functioning airport.
5) Jordan โ Aqaba (AQJ)
Amman (AMM) is heavily affected, but Aqabaโfar south and away from the main conflict corridorsโmay still have limited operations.
Not a major hub, but a possible escape point
Could connect to Cairo or Istanbul
This is a secondary fallback, not a primary evacuation route.
6) Cyprus โ Larnaca (LCA) or Paphos (PFO)
Cyprus is outside the conflict zone and fully operational.
Many European carriers operate normally
Good onward connections to Europe and beyond
Challenge: You must first reach Cyprus, which may require flying via Saudi Arabia or Egypt.
7) India โ Mumbai (BOM) or Delhi (DEL)
If eastbound routes are open from your location, India is a stable, fully operational aviation market.
Massive international connectivity
No airspace restrictions
Good for onward flights to Europe, Asia, and North America
This is more relevant if you are stranded in Oman or southern Gulf regions.
Where NOT to go (fully closed or non-operational)
These airports are not viable for onward travel right now:
Dubai (DXB, DWC) โ fully closed until further notice
Abu Dhabi (AUH) โ suspended operations
Doha (DOH) โ airspace closed
Bahrain (BAH) โ nearโtotal shutdown
Kuwait (KWI) โ airspace restrictions
Tel Aviv (TLV) โ closed
Iraq & Iran airports โ closed or unsafe
Priority Ranking (Final List)
Istanbul (IST), Tรผrkiye โ best global connectivity
Jeddah (JED) / Riyadh (RUH), Saudi Arabia โ closest major open hubs
Muscat (MCT), Oman โ nearest functioning Gulf airport
Aqaba (AQJ), Jordan โ limited but possible
Larnaca (LCA), Cyprus โ safe European gateway
Mumbai/Delhi, India โ strong fallback if eastbound routes are open
The latest data from Cirium on cancelled flights:
TODAY CANCELLATIONS BY ARRIVAL COUNTRY MARCH 2
Arrival Country
Flights Scheduled
Cancelled
Cancel %
Saudi Arabia
1,167
163
13.97%
United Arab Emirates
1,026
774
75.44%
Egypt
474
45
9.49%
Iran
326
20
6.13%
Qatar
322
263
81.68%
Israel
171
138
80.70%
Oman
106
24
22.64%
Jordan
97
46
47.42%
Bahrain
90
87
96.67%
Grand Total
3,779
1,560
41.28%
We note that the airspace is closed in many countries of the Middle East, and so the cancellation rate should be 100% (for the UAE for example). However, some typically smaller airlines have not updated their schedules to officially cancel flights, or have simply not flown the flights.
For outbound and inbound arrivals and departures, roughly double the number of flights scheduled/cancelled.ย Aircraft typically/generally return to their home base every 24 hours.
There are around 900,000 seats per day scheduled to fly to the Middle East from points abroad, and within the Middle East.ย
CANCELLATIONS BY MAJOR GLOBAL AIRLINES TO CERTAIN ARRIVAL COUNTRIES MARCH 2
Flight cancellations to the Middle East,ย as of 16:45 PM CET, 10:45 New York Saturday, February 28, 2026:
There are now closures of airspace in the UAE and Qatar. The three major airlines operating from there (Emirates, Qatar Airways, and Etihad) connect the Americas, Europe, Africa and Asia, and vice-versa through their hubs โ around 90,000 transiting passengers per day (not including passengers destined for the Middle East.) Accordingly, as the conflict persists there will be major disruptions to international connecting travel to all regions.
TODAY, CANCELLATIONS BY MAJOR MIDDLE EAST AIRLINES
Operating Airline
Flights Scheduled
Is Cancelled
Cancel %
(3L*) Air Arabia Abu Dhabi
56
3
5.36%
(3O) Air Arabia Maroc
40
0
0.00%
(EK) Emirates
512
197
38.48%
(EY) Etihad Airways
299
90
30.10%
(FZ) Flydubai
362
185
51.10%
(G9) Air Arabia
256
21
8.20%
(GF) Gulf Air
138
59
42.75%
(KU) Kuwait Airways
98
39
39.80%
(LY) El Al
22
0
0.00%
(QR) Qatar Airways
535
219
40.93%
(RBG) Air Arabia Egypt
20
1
5.00%
(RJ) Royal Jordanian
113
16
14.16%
(SV) Saudia
542
26
4.80%
(XY) Flynas
333
9
2.70%
Cancellations remain smaller for tomorrow, March 1, however, that will likely grow overnight or for however long the conflict continues.
TODAY, CANCELLATIONS BY ARRIVAL COUNTRY
Arrival Country
Flights
Is Cancelled
Cancel %
Saudi Arabia
1,277
109
8.54%
United Arab Emirates
1,067
373
34.96%
Qatar
335
170
50.75%
Iran*
307
28
9.12%
Kuwait
170
48
28.24%
Oman
122
19
15.57%
Israel
107
52
48.60%
Jordan
105
24
22.86%
Bahrain
102
45
44.12%
Grand Total
3,592
868
24.16%
*Data from Iran is incomplete due to feeds being down.
To mark Lufthansa’s 100th founding anniversary, the world’s largest passenger aircraft now also shines in a special blue design.Yesterday evening, the Airbus A380 landed at Munich Airport under flight number LH9901. It came from Shannon, Ireland, where it had been painted with an XXL crane and the lettering โ1926 | 2026โ and โ100.โ
35 colleagues worked on the Airbus A380 for exactly 34 days. They brought the 47-meter-long stylized crane on the aircraft to life and painted a total area of over 4,000 square meters. That is equivalent to about 16 tennis courts. The Airbus with the registration D-AIMH will start regular service in March.
The Airbus A380 is already the fourth aircraft to feature this extraordinary design. At the beginning of the month, a freshly painted blue Airbus A350-900 landed in Munich. A Boeing 787-9 and an Airbus A320neo, both based in Frankfurt, are also flying in the โ100th anniversary colors.โ Tomorrow, Friday, another Airbus A320neo with an XXL crane is expected in Munich.
A Boeing 747-8 and an Airbus A350-1000 will follow in the coming weeks. A total of seven special liveries will then be in service to mark the 100th anniversary of the founding of the first โLuft Hansaโ. The aircraft will receive the special design either as part of a regular repainting program or, in the case of new deliveries, as their initial paint job at the factory. This means that there will be only minimal additional costs for this special fleet appearancein Lufthansa’s anniversary year.
Building on nearly 40 years of commitment to Miami, American Airlines and its partners are defining the next generation of travel at Miami International Airport (MIA). Today, CEO Robert Isom and airline officials joined representatives from Miami-Dade County, Miami-Dade Aviation Department (MDAD) and local, state, federal and community partners to unveil plans and renderings for a reimagined Concourse D, which will enhance operations, elevate the customer experience and make international travel more seamless.
Americanโs legacy, Miamiโs future
Set to break ground in 2027, the Gate D60 project charts the next chapter of travel at MIA, with a new concourse expansion designed for a premier airport. Currently equipped to support ground operations for smaller regional jets, the new three-level Concourse D extension will create 17 new aircraft gates to accommodate larger aircraft and eliminate outside boarding. The project will expand a single shared boarding area to include adjoining boarding spaces for every gate to improve flow and provide customers with more space and comfort.
The project will expand a single shared boarding area to include adjoining boarding spaces for every gate to provide customers with more space and comfort.
The expansion makes international travel more seamless with future capability to accommodate international arrivals and direct third-floor access to the MIA customs hall. The new concourse will feature bright, expansive spaces with sprawling indoor palm trees, as well as new dining and shopping options for travelers.
โThe D60 expansion is one of the most monumental customer service improvements within our unprecedented airport-wide modernization plan, which will transform the passenger experience at MIA from the cabin to the curb over the next five years,โ said Miami-Dade County Mayor Daniella Levine Cava.
Powering global connectivity
Americanโs current operations are around 400 departures a day. The airline plans to run its largest summer schedule ever this year and operate more than 380 peak daily flights from MIA to 155 destinations across 45 countries. American accounts for more than 60% of traffic at MIA and continues its streak of record flying. MIA serves as the airlineโs international gateway, delivering an industry-leading network to Latin America and the Caribbean and giving customers access to more than 90 unique destinations, served only by American at MIA, including new service this year to Milan, Italy, and Bimini, Bahamas.
โAmerican and Miami-Dade have built a partnership across decades that intertwines our success and vitality. We share a vision and legacy that has elevated Miami into the leading global gateway it is today โ and positions us for exciting growth ahead,โ said Americanโs VP of MIA Operations Juan Carlos Liscano. โOur continued momentum is powered by 15,500 MIA-based team members who reflect the vibrancy of the communities we serve and embody our pride in being Miamiโs hometown airline. This expansion is a testament to our commitment for the long term โ thanks to our customers, our team and our partners at Miami-Dade County.โ
Propelling Miami-Dade forward
American has grown side by side with Miami for decades โ providing global connectivity that puts Miami on the world stage, drives business development, attracts major events and fuels the local economy.
American is the largest for-profit employer in the county and partners with schools like George T. Baker Aviation Technical College and Florida Memorial University Wyman School of Aviation to build a pipeline of local talent. The airline proudly supports numerous charitable organizations across the region.
The new concourse will feature bright spaces with sprawling indoor palm trees, as well as new dining and shopping options.
Liscano just completed a two-year tenure as Chair of the Miami-Dade Beacon Council โ the countyโs official economic development organization committed to building a stronger Miami. During his tenure, business support to the Beacon Council increased by 57%, with two consecutive years of more than $1 million in support to the organization. His tenure was also marked by the first back-to-back $2 billion in capital investment and record job growth โ paving the way for a brighter future for those who call South Florida home.
Premium options and seamless travel
As part of Americanโs customer-first focus, the airline has invested in MIA to elevate the customer journey and provide premium options for customers who expect more when they travel.
American recently announced its plans to open a new, state-of-the-art Flagshipยฎ lounge, along with a major expansion of its Admirals Clubยฎ facilities at MIA. Over the past year, the airline has installed new self-service kiosks that make check-in faster than ever and implemented technology that has saved thousands of customer connections systemwide.
The airline has made significant progress with its federal partners at the Transportation Security Administration (TSA) and Customs and Border Protection (CBP), in programs like TSA PreCheck Touchless ID and Enhanced Passenger Processing (EPP) that make security screening easier and quicker, while upholding the highest levels of security.
FedEx cargo aircraft now carry a distinctive but little-known tribute marking on their undersides โ the initials “FWS,” standing for Frederick Wallace Smith, the visionary founder of the FedEx Corporation.
Smith founded the company in 1971 and launched flight operations on April 17, 1973, with 14 Dassault Falcon 20 jets delivering 186 packages to 25 cities from the Memphis hub on the first night.
His revolutionary hub-and-spoke overnight delivery concept, famously outlined in a Yale University term paper that reportedly received a mediocre grade, transformed the global logistics industry.
FedEx became the first US company to reach $1 billion in revenue within its first 10 years without mergers or acquisitions, and Smith served as Chairman and CEO for over five decades before transitioning to Executive Chairman in June 2022 and subsequently to Chairman Emeritus.
Frederick Wallace Smith passed away on January 13, 2025, at the age of 80.
The FWS belly marking is not limited to a single aircraft โ it is an apparent fleet-wide feature applied across multiple FedEx aircraft types, including the Boeing 777F, Boeing 767-300F, Boeing 757-200F, and even the grounded McDonnell Douglas MD-11F freighters.
Copyright Photo: Ivan K. Nishimura
Photographers around the world have documented the marking on numerous registrations, including N867FD “Jaxson” (the pictured Boeing 777-FS2 above seen in Honolulu), N850FD, N886FD, N625FE, N604FE, N138FE, and N919FD, among others.
The marking is positioned on the aircraft’s underside, meaning it is only visible when an aircraft passes directly overhead.
FedEx has never officially publicized the FWS belly marking in its official corporate communications or press materials. It is understood within the aviation community and among FedEx employees as a quiet, permanent tribute to the company’s founder rather than a promotional branding exercise.
Emergence from Chapter 11 expected in late spring or early summer
DANIA BEACH, Fla., Feb. 24, 2026 /PRNewswire/ — Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC (“Spirit” or the “Company”), today announced that Spirit has completed another significant milestone in its restructuring by reaching an agreement in principle on the key terms of a restructuring support agreement with its existing DIP lenders and secured noteholders. The agreement in principle will provide Spirit with the financial support needed to finalize its restructuring and complete the remaining changes necessary to optimize the Company’s fleet, network and cost structure. Spirit intends to emerge from Chapter 11 in late spring or early summer as a strong low-cost, value-driven carrier offering Guests basic and premium products at the lowest fares in the sky.
“This agreement in principle is the result of months of hard work and allows Spirit to move toward completing its transformation,” said Dave Davis, President and Chief Executive Officer. “Spirit will emerge as a strong, leaner competitor that is positioned to profitably deliver the value American consumers expect at a price they want to pay.”
Key aspects of the new Spirit:
Optimized Network:ย Spirit will align its network and capacity to routes and periods of strongest consumer demand. This includes higher aircraft utilization during peak days while reducing off-peak flying, as well as the flexibility to adjust to seasonal demand across markets.
More Premium Choices:ย Spirit will expand its Spirit First and Premium Economy offerings, maintaining its position as the industry price leader, while focusing on value. The Company will also make additional enhancements to its Free Spiritยฎ and co-brand programs to encourage Guest loyalty.
Stronger Financials:ย Upon emergence, the Company will have further reduced its cost structure, expanding its cost advantage compared to legacy and other airlines. It is expected that Spirit’s debt and lease obligations will be reduced from $7.4 billion pre-filing to approximately $2.1 billion post-emergence.
“I am grateful to our Team Members for their dedication and unwavering commitment to our Guests throughout our restructuring,” Davis added. “I also want to thank our Guests for continuing to choose Spirit to connect them to the people and places that matter most.”
During the restructuring process, Guests can continue to book, travel and use tickets, credits and loyalty points as normal.
FORT WORTH, Texas, Feb. 23, 2026 /PRNewswire/ — oneworldยฎ today named seasoned aviation leader Ole Orvรฉr as its new chief executive officer. He will join the alliance on 1 April, 2026.
A Swedish national, Orvรฉr brings more than 20 years of industry experience to the role. He most recently served as Chief Commercial Officer at oneworld member airline Finnair, where he transformed the airline’s commercial and network strategy and introduced major new revenue and loyalty initiatives.
“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,” said Robert Isom, American Airlines Chief Executive Officer and current Chairman of oneworld’s Governing Board. “With his proven track record of driving commercial performance, deep knowledge of airline partnerships, and extensive international experience, he will continue to deliver on the slate of forthcoming customer-first initiatives that further strengthen oneworld’s position as the world’s premium airline alliance.”
Prior to Finnair, Orvรฉr served as Senior Vice President โ Network Management at oneworld member Qatar Airways. Previously he served in leadership roles at Air Berlin, LOT Polish Airlines and SAS Scandinavian Airlines. He holds a degree in Economics from Mid Sweden University, and a certification from the Strategic Thinking and Leadership Growth Program at the Wharton School at the University of Pennsylvania.
“I am honored to be joining oneworld at a pivotal moment for global travel,” said Orvรฉr. “Together with our member airlines, we will continue the work to showcase the world’s premium alliance, elevate the customer journey, and unlock new tools and technology. By combining our global reach with shared innovation and a relentless focus on excellence, I look forward to delivering even greater value to our members, their customers, and the communities we serve.”
Orvรฉr replaces outgoing CEO Nathaniel Pieper who recently took on the chief commercial role at American Airlines. “On behalf of the Governing Board, we also extend our sincere thanks to Nat for his leadership and the significant contributions he made during his time as CEO,” Isom said.
Orvรฉr will lead oneworld’s continued mission to deliver enhanced customer benefits through greater member integration and advancements in technology. He will report to the alliance’s Governing Board of member airline CEOs.
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