Aegean Airlines has narrowed its first-quarter pre-tax losses to €8.2 million ($10.6 million), significantly improved from a loss of €31.2 million recorded during the year-ago period.
Australia’s Foreign Investment Review Board (FIRB) has approved Virgin Australia’s acquisition of a 60% stake in Tiger Airways Australia, Virgin Australia Holdings (VAH) has announced.
Lufthansa will change its takeoff procedure for all departures outside Germany to be more in line with worldwide standards to reduce CO2 emissions and fuel consumption.
Lufthansa is considering transferring the head offices of its regional subsidiary Lufthansa CityLine from Cologne to Munich as part of its €1.5 billion ($1.3 billion) cost-cutting program SCORE.
Locatory.com, which provides aviation supply-chain optimization, has signed a cooperation agreement with Engineering-the Aviation Maintenance Holding, the largest independent MRO service provider in Russia.
AviancaTaca Holdings, created by the 2009 combination of Colombia’s Avianca and El Salvador-based Grupo TACA, has formally rebranded itself Avianca Holdings and intends to integrate TACA and its other airline subsidiaries under a single “Avianca” brand.
International Airlines Group (IAG) is looking to acquire the remaining shares in Vueling for €9.25 ($11.96) per share and delist the carrier from the Barcelona, Bilbao, Madrid and Valencia stock exchanges.