International Airlines Group (IAG) is on track to acquire 97.52% direct and indirect ownership of Spanish carrier Vueling, falling short of its 100% target.
Ryanair CEO Michael O’Leary is still planning to press ahead with plans for a long-haul start-up, although this strategy is being hindered by aircraft availability.
Air Astana has extended its partnership with Lufthansa Consulting, which will review its network and fleet plan, taking into account the airline’s capacity constraints at Kazakhstan’s Almaty and Astana airports.
IATA reports robust June growth in global passenger traffic with overall demand rising 6% compared to June 2012 and capacity climbing 5.6% year-over-year.
Republic Airways announced its flight dispatchers from Chautauqua Airlines, Republic Airlines and Shuttle America have approved a new five-year labor contract.
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American Airlines parent AMR Corp. said its creditors and shareholders have “overwhelmingly” accepted the company’s reorganization plan, which is “another important milestone toward our launch of the new American,” AMR chairman president and CEO Tom Horton said in a statement.
IATA’s global air freight figures for June reflect modest 1.2% year-over-year growth in demand, an improvement on May’s 0.9% year-over-year performance.
Airbus parent EADS announced it will rebrand in 2014 to Airbus Group, which will consist of three divisions: Airbus (commercial aircraft), Airbus Defense & Space, and Airbus Helicopters.
Aer Lingus reported an interim net loss of €2.5 million ($3.1 million) for the six months ended June 30, widening 400% from a €0.5 million loss in the year-ago period.
