Ireland-based LCC Ryanair has blamed lower-than-expected winter fares for its second profit warning in three months and said there may be a further drop in income if unexpected events occurred.

India’s Jet Airways appears to be closer to gaining the bailout funding it needs to ensure survival, although some important details still need to be resolved in talks between the major lenders and investors.

Chinese turboprop operator Joy Air will move into mainline operations, thanks to help from its new majority owner, the Xi’an city government.

US lessor Air Lease Corp. (ALC) will raise $700 million through a public offering, which may be used for commercial aircraft purchases.

Aer Lingus has unveiled a major brand identity update, as it seeks to maintain its position in what it describes as the leading value carrier on transatlantic routes.