FedEx will formally launch its €4.4 billion ($4.9 billion) takeover bid for TNT Express on Aug. 24, offering €8.00 per share for the freight specialist, with the aim of completing the acquisition in the first half of 2016.
Delta Air Lines pilots’ labor leadership is in “reset mode” following the pilots’ rejection of a tentative agreement, Air Line Pilots Association (ALPA) president Tim Canoll said.
Russian airlines carried more than 125,000 passengers on Kaliningrad-Moscow and Kaliningrad-Saint Petersburg routes within the framework of Kaliningrad subsidy program for the first four months.
More than three decades of Boeing 737 service at British Airways (BA) is due to come to an end in the next few weeks as the carrier retires its last examples of the twinjet.
Myanmar domestic carrier Air Bagan has stopped operations following the off-runway excursion of one of its two ATR 72-500 aircraft at Yangon Airport last month.
Thai full-service regional carrier Bangkok Airways has reported a 2015 Q2 net profit of THB102.2 million ($3 million), a significant swing from its net loss of THB321 million in the same period last year.
Australian flag carrier Qantas reported an annual gross income for FY2015 of A$975 million ($711 million), a dramatic A$1.6 billion reversal from its A$646 million loss in the year-ago period.
Icelandair has taken delivery of its first Boeing 767 from lessor GE Capital Aviation Services (GECAS), marking an increase in capacity from its current all-Boeing 757 fleet.
A consortium led by Germany’s Fraport—which won a 40-year operating concession for 14 regional airports in Greece in 2014—may have to wait until next year to close the deal.
The rate of change in scheduled passenger airline full-time equivalent employment by airline group, displayed as year-over-year percentage growth or losses. Differential changes for each of the last 13 months are shown.
The US should engage Qatar and the United Arab Emirates (UAE) in consultations over Open Skies agreements, Air Line Pilots Association (ALPA) president Tim Canoll said.
Fiji Airways reported a first-half 2015 operating profit before tax of FJD17.5 million ($8.2 million), up 16.5% from FJD15.4 million in the year-ago half.