Ethiopian Airlines is weighing potential compensation for the Boeing 787 grounding, CEO Tewolde Gebremariam told ATW this week on the sidelines of the IATA AGM in Cape Town.
Air New Zealand is further increasing its stake in Virgin Australia under an agreement to acquire a further 3% of the shares of the Australian carrier and take its interest to almost 23%.
Alaska Airlines and its 1,480 pilots, represented by the Air Line Pilots Association (ALPA), have reached a tentative agreement on a new five-year labor contract.
China Eastern Airlines’ subsidiary China Cargo Airlines officially joined SkyTeam Cargo alliance Wednesday as it aims to expand its international route network.
New Lithuanian start-up Air Lituanica has agreed to lease an Embraer E-170 from Estonian Air and an E-175 from ECC Leasing, as its launch date approaches.
Low-cost carrier Norwegian Air Shuttle will deploy its Boeing 787s on European routes this summer to familiarize pilots with the type before using the aircraft on long-haul missions.
Fastjet is considering reducing its stakes in Fly540 Tanzania and Fly540 Ghana after posting a $56 million net loss, triggering a warning from auditors over the company’s future.
Russia’s Ilyushin Finance Co. (IFC) shareholders have approved an order for 32 Bombardier CS300s, 50 Irkut MC-21s and 20 Sukhoi Superjet 100s (SSJ100s), the company said in a statement.
US Airways’ annual stockholders meeting will take place July 12 in New York, where shareholders will vote on whether to approve the company’s merger with American Airlines.
An additional order by Emirates of Airbus A380s will depend on the infrastructure at Dubai Airport, president Tim Clark told ATW on the sidelines at the IATA AGM in Cape Town.
