Spirit Airlines ceased operations after filing for bankruptcy twice, citing soaring jet fuel prices linked to the U.S.-Iran conflict as a key factor. The airline's planned $3.8 billion acquisition by JetBlue was blocked on antitrust grounds, a move supported by the Biden administration and criticized by former Transportation Secretary Sean Duffy. Current Transportation Secretary Pete Buttigieg defended the administration, attributing Spirit's collapse to external economic pressures rather than policy decisions. The airline's failure marks the first industry casualty related to the Iran war, highlighting the impact of geopolitical tensions on the aviation sector.
A three-day online training on Pharmaceutical Regulatory Affairs in Asia is scheduled for October 20-22, 2026, aiming to help professionals understand diverse regulatory requirements across major Asian markets including China, India, Korea, and ASEAN...
The global workwear market, valued at $265.12 billion in 2025, is expected to grow to $344.71 billion by 2031 with a 4.5% CAGR. Growth is fueled by rising corporate employment worldwide, especially in Asia-Pacific, and increased focus on professional...
The global microalgae-based aquafeed market is projected to grow from $320 million in 2026 to $481 million by 2031, at an 8.5% CAGR. Key growth drivers include rapid cost reductions in closed photobioreactor farming, making algae competitive with fis...
The global consumer finance market is projected to expand from $9.87 trillion in 2025 to $14.08 trillion by 2031, growing at a 6.17% CAGR. Key growth drivers include embedded finance at point-of-sale, which boosts credit uptake by integrating lending...
Xcel Brands has signed a licensing agreement with KBL Group to produce ready-to-wear collections for OFF/DUTY by Coco Rocha, a fashion brand created with supermodel Coco Rocha. KBL Group will handle sourcing, product development, manufacturing, and s...
