Icelandair Group has taken another step toward disposing its portfolio of hotels, after fulfilling all conditions relating to the sale to Malaysia’s Berjaya Land Berhad.
The European Commission (EC) is rejecting for now demands by the airline industry to suspend slot rules for congested airports, even as the industry struggles with a massive demand reduction in some markets.
Japan Airlines (JAL) will increase the scope of its India network through a significant expansion of its codeshare partnership with Indian full-service carrier Vistara.
The Italian government’s latest loan to Alitalia has come under the scrutiny of the European Commission (EC), to see if it complies with European regulations on state aid.
Tier 2 manufacturer Senior will continue its move away from the U.S. Pacific Northwest and elsewhere and toward locating more work in Asia, as well as continuing to shop the British company’s aerostructures business, executives said Mar. 2.
An aggressive cost cutting exercise could not help Thai Airways avert a chain of unforeseen disruptions as the flag carrier’s net loss for 2019 widened to THB12 billion ($380 million) from THB11.6 billion in 2018.
Jeju Air has signed a deal confirming the purchase of a majority stake in fellow South Korean LCC Eastar Jet at a reduced price than previously estimated.
Safran executives are expressing cautious optimism that any decline in commercial aftermarket demand linked to COVID-19 will be short-lived but acknowledge that it could be sharp.
