Austrian Airlines has sold its remaining 8.31% stake in Brisbane, Australia-based charter and regional carrier Alliance Airlines, according to a notice to the Australian Securities and Exchange Commission, dated Feb. 1.

German leisure carrier Germania filed for bankruptcy Feb. 4 and halted flight operations the same evening following months of increasing financial difficulties.

Russian airlines carried 116.2 million passengers in 2018, up 10.6% year-over-year (YOY).

A revised capacity-purchase agreement (CPA) with Air Canada gives Chorus Aviation long-term stability for its Jazz Aviation regional feeder and boosts the company’s effort to diversify revenue streams by increasing its leasing income.

Irish LCC Ryanair has posted a €20 million ($22.9 million) third-quarter net loss and announced plans to transition to a group structure, similar to that of International Airlines Group (IAG), with Michael O’Leary as group CEO.