Low-cost carrier (LCC) Norwegian Air Shuttle will acquire two Boeing 787-9s—its first of the type—and is seeking to further expand its fleet with the -9 version to bolster new long-haul operations.
LOT Polish Airlines said it has signed a compensation agreement with Boeing to cover costs of the grounding of its 787s due to lithium ion battery issues earlier this year, although it did not disclose the amount.
China Eastern Airlines plans to convert its subsidiary China United Airlines into a low-cost carrier (LCC). The transformation should be complete next year.
Lufthansa will launch new services to Tokyo Haneda from March 30, 2014, when the carrier will transfer its daily Frankfurt-Tokyo Narita and daily Munich-Narita service to Haneda.
Worldwide airport passenger traffic increased 4.9% year-over-year in October, down 0.8 point from September, Airports Council International (ACI) has reported.
Luxembourg has moved a step closer to selling its 35% Cargolux stake to China’s Henan Civil Aviation and Investment Co. (HNCA), after the all-cargo carrier’s board approved a commercial tie-up with its would-be owner.
Australian regional carrier Brindabella Airlines has gone into receivership following the grounding of a number of its aircraft on safety grounds by the Civil Aviation Safety Authority (CASA).
Indian LCC SpiceJet and Singapore’s largest budget airline Tigerair have signed a three-year interline agreement for more connectivity between flights operated by both carriers.
AerCap Holdings announced Monday it has entered into a definitive agreement with American International Group (AIG) to acquire International Lease Finance Corp. (ILFC), a wholly owned subsidiary of AIG.
Star Alliance executives—which agreed Friday to extend Avianca’s membership to include Avianca Brazil—also reaffirmed the alliance model as an important component in today’s competitive environment.
Thai carrier Nok Air and Singapore’s Scoot have inked a memorandum of understanding to create a new mid- to long-haul low-cost carrier, called NokScoot, based in Bangkok.
Taiwan’s China Airlines and Singapore-based budget carrier Tigerair will launch a low-cost carrier (LCC) joint venture (JV)—Tigerair Taiwan—which is expected to begin operations at the end of 2014.
Finnair has signed a memorandum of understanding with GE Capital Aviation Services (GECAS) on the sale and leaseback of two Airbus 330s and two 350s, valued at €320 million ($440 million).
