Norwegian Air Shuttle has raised NOK2.5 billion ($273 million) through a share sale and bond issue, leaving it “fully funded through 2020 and beyond,” the LCC said.
Unsure when the Boeing 737 MAX 8 will return to service, Singapore Airlines (SIA) will retrofit subsidiary SilkAir’s 737-800 aircraft instead as it moves ahead with integration into the parent airline.
Virgin Australia has announced significant network cuts and the retirement of more of its older aircraft as the company makes adjustments in an effort to improve its financial health.
Package carrier UPS and pharmacy company CVS on Nov. 5 said they completed the first money-making deliveries of medical prescriptions to customers by drone.
Airlines worldwide are on track to submit their first full year of emissions data under ICAO’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), although some regulators have been slow to react to the new rules.
American Airlines and Qantas have implemented their joint venture (JV) between the US, Australasia and New Zealand, the companies announced in a Nov. 1 filing with the US Department of Transportation (DOT).
Boeing CEO Dennis Muilenburg’s testimony last week before a US House panel raised “a litany of new questions” about the development of the 737 MAX, two top committee members said in a letter to House lawmakers.
Air France-KLM has detailed plans to simplify its fleet and hopes to decide between Airbus A350s and Boeing 787s to replace its A380s in the coming weeks as the company sets out a new long-term strategy to better compete in a tough European operating environment.
Singapore Airlines (SIA) Group reported a 5.1% net income gain for the half-year ended Sept. 30, but widened losses at its subsidiaries kept the improved financial performance in check.
The Vietnam Airlines group announced a net profit before tax (PBT) of VND3.3 trillion ($142 million) for the first nine months of 2019, up 35.7% year-on-year (YOY), which accounts for 97.9% of the carrier’s annual target.
Air Astana’s LCC FlyArystan carried more than 455,000 passengers during its first six months of commercial operations and is setting its sights on continued growth.
Garuda Indonesia returned to profit for the first nine-months of 2019 with a $122.8 million net profit, reversing the $110.2 million loss over the same period last year.
The UK and Switzerland are each planning to launch their own emissions trading systems (ETS), linked with the European Union Emissions Trading System (EU ETS), despite industry calls for a joined-up international approach under ICAO’s Carbon Offsetting and Reduction Scheme (CORSIA).
United Airlines customers now have the option to pay over time for flights through the carrier’s partnership with point-of-sale financing company Uplift.
The European Organization for Civil Aviation Equipment (Eurocae) has established a working group to develop standards for counter-drone systems that can be used by airports and air traffic control authorities.
A group of 11 Democratic senators is urging the Trump administration to reverse new restrictions that ban US commercial flights to all Cuban destinations except Havana.
Philippines LCC Cebu Pacific Airways has inked a firm order with Airbus for 16 A330-900s, solidifying the MOU signed at the Paris Air Show in June this year.
