French leisure airline Aigle Azur is preparing to stop flying to Portugal at the end of October and sell this part of its activities to Spanish LCC Vueling.

LCC Norwegian Air Shuttle has agreed to sell its entire shareholding in Bank Norwegian parent company Norwegian Finans Holding (NOFI) for NOK2.2 billion ($245.9 million), raising funds to reinvest in the airline.

Consultancy firm IBA has warned of higher market risk after 81 of the more than 120 airlines that the company monitors for financial performance reported lower EBITDAR margins for 2018.

Cathay Pacific has appointed Mandy Ng as HK Express’ new CEO with immediate effect, taking over from Roland Lam.

Taiwan’s China Airlines (CAL) announced in a stock note that its LCC subsidiary, Tigerair Taiwan, will place an order for seven Airbus A320neos and lease a further eight.