Qatar Airways (QR) and Cargolux International Airlines (CV) completed the equity transaction announced in June after gaining all regulatory approvals, making the Doha-based carrier the second largest shareholder in Europe's largest all-cargo airline with a 35% stake.
British Midland (bmi) appointed former Scandinavian Airlines deputy CEO Vagn Ove Sorensen to succeed Lufthansa (LH) executive board member and Group Airline chief officer Stefan Lauer as bmi chairman, yet another move indicating that LH Group is interested in selling its loss-making UK subsidiary.
British Midland (bmi) appointed former Scandinavian Airlines deputy CEO Vagn Ove Sorensen to succeed Lufthansa (LH) executive board member and Group Airline chief officer Stefan Lauer as bmi chairman, yet another move indicating that LH Group is interested in selling its loss-making UK subsidiary.
Qatar Airways (QR) and Cargolux International Airlines (CV) completed the equity transaction announced in June after gaining all regulatory approvals, making the Doha-based carrier the second largest shareholder in Europe's largest all-cargo airline with a 35% stake.
An OAG report revealed the airline industry has been amazingly resilient to events such as terrorism, pandemics and natural disasters over the past 30 years, and that most serious events occurred after Sept. 10, 2001, according to its World Crisis Analysis.
Indian Minister for Civil Aviation Praful Patel has fired back at a comptroller and auditor general (CAG) report claiming Air India (AI) is in a financial mess largely because of its buying and leasing of new aircraft, according to India’s NDTV.com.
Robin Hood, an Austrian-based regional carrier, ceased all operations due to financial difficulties. The company operated two Saab 340s. China Airlines on Sept. 21 will end its frequent flyer program bilateral cooperation with Air China, and on Sept. 28 will terminate its frequent flyer program bilateral cooperation with Hainan Airlines, including HongKong Airlines and HongKong Express.
The Chinese government cut domestic jet fuel prices to CNY7,670 ($1,200) per ton, down 1.48% from CNY7,785 in August, because of the decline of international fuel prices. This is the first price reduction this year.
Monarch Group, parent of Monarch Airlines (ZB), confirmed it has canceled its order for six Boeing 787s. Boeing mentioned the cancellation of six Dreamliners on its orders and deliveries website last week.
The political dispute surrounding AirBaltic (BT) has cost the carrier €10 million ($14 million), according to the airline’s president and CEO Bertold Flick.
The Chinese government cut domestic jet fuel prices to CNY7,670 ($1,200) per ton, down 1.48% from CNY7,785 in August, because of the decline of international fuel prices.
Lufthansa (LH) Group is considering selling subsidiary British Midland (bmi), LH executive board member and Group Airline chief officer Stefan Lauer told ATW in Vienna Monday.
AirBaltic’s (BT) two main shareholders—the Latvian state and Baltijas Aviacijas Sistemas (BAS), the company controlled by the carrier’s president and CEO Bertolt Flick—are entangled in another dispute, as the government vows to make a capital injection in the company conditional on Flick’s resignation, according to media.
The Irish government is considering the sale of its 25% stake in Aer Lingus (EI) because it is no longer seen as a “strategic” asset, transport minister Leo Varadkar said Wednesday.
Includes: World Airline Traffic World Airport Traffic IATA Fuel Prices Aircraft Data Aircraft Values Aircraft Deliveries US Major and National Airline Traffic US Ontime Performance U.S. Fuel Cost and Consumption US Mishandled Baggage US Consumer Complaints
Lufthansa (LH) Group is considering selling subsidiary British Midland (bmi), LH executive board member and Group Airline chief officer Stefan Lauer told ATW in Vienna Monday.
China Southern Airlines (CZ) signed a strategic cooperation agreement with Dalian Airport (DLC) as part of a plan to enhance its position in the Dalian market in northeastern China and compete with Air China (CA).
Hainan Airlines (HU) reported a first-half net profit of CNY669.52 million ($104.7 million), up 20.2% compared to net income of CNY556.83 million in the year-ago period, owing to “robust growth of domestic market demand.”
