LUFTHANSA received EU approval to acquire 41% of ITA AIRWAYS from Italian MEF via capital contribution of €325m, subject to conditions that include making short-/-long routes available to competitors, especially out of Milan Linate.
IATA reports year-over-year global pax traffic was up 10.7% in May on 8.5% higher capacity (had record 83.4% load factor for month of May); cargo rose 14.7%, marking the sixth consecutive month of double-digit year-over-year growth.
Emirates has delayed introducing its new Airbus A350-900s on all but one of its planned initial group of routes following delivery delays of the aircraft.
Istanbul Grand Airport plans to begin triple independent parallel runway operations in 2025, then building to five independent parallel runways by 2040.
The European Commission has approved Lufthansa’s move to acquire a stake in ITA Airways after remedies were agreed on to address Brussels' competition concerns.
Cyprus Airways will reduce the number of Airbus A220s acquired over the course of the decade, but still sees the aircraft as a valuable component of its fleet.
The GEnx-1B has extended its lead over the Trent 1000 among Boeing 787 customers in recent years despite Rolls-Royce's best efforts to improve its engine.
