Austrian Airlines has named Lufthansa CityLine MD Klaus Froese as the new managing director of its low-cost subsidiary Tyrolean Airways, effective Feb. 1.
Brussels Airlines, a Lufthansa subsidiary, is targeting a €100 million ($130.9 million) cost reduction in its top-down restructuring plan called “Beyond 2012-2013.”
Virgin Atlantic will lease four Airbus A320s from Irish flag-carrier Aer Lingus to carry out its new planned UK domestic services, the airline announced Monday.
Virgin Group chairman Richard Branson pushed back against "rumors" that the sale of 49% of Virgin Atlantic Airways to Delta Air Lines would end the Virgin Atlantic brand.
American International Group (AIG) has agreed to sell 80.1% of International Lease Finance Corp. (ILFC) to a consortium of Chinese investors for $4.23 billion in cash.
American Airlines chairman, president and CEO Tom Horton said parent company AMR Corp. will “soon” make a decision on whether to emerge from bankruptcy protection as a standalone entity or as part of a merged carrier with US Airways.
Oneworld is eyeing new Asian members as it waits to hear TAM Airlines’ alliance decision and looks to integrate Malaysia Airlines, Sri Lankan Airlines and Qatar Airways.
American International Group (AIG) said Friday it is “in discussions” to sell 90% of aircraft leasing giant International Lease Finance Corp. (ILFC) to Chinese investors.
Hainan Airlines’ subsidiary Hong Kong Airlines is considering changing out its Airbus A380 orders in favor of the A330 and delaying the A380 delivery date.
Air Canada appointed Annette Verschuren, O.C. to its board of directors. Verschuren is past president of The Home Depot Canada where she oversaw the company's growth from 19 to 180 Canadian stores and led its entry into China.
