Air China has officially announced that it has commenced the process to take the controlling stake of Shandong Aviation Group, the parent company of Shandong Airlines.
AirAsia X is preparing to take major steps in its network recovery, as it boosts its route total to seven and signals its intention to add more destinations including London later this year.
The deal, valued by manufacturer Hybrid Air Vehicles as potentially in excess of $600 million, gives Air Nostrum the option of receiving up to 10 of the 100-seat aircraft.
Pilots at two of American Airlines’ wholly owned regional subsidiaries have secured massive pay hikes of around 50%, raising the bar for pilot pay amid a national shortage that is weighing heavily on regional carriers.
South African LCC Mango Airlines is hoping to finalize talks with a buyer later in June, after finally receiving ZAR225 million ($14 million) in additional funding from its existing shareholder, although this is ZAR85 million less than originally planned.
The French shipping company acquired the stake through the airline group’s recently concluded €2.6 billion ($2.7 billion) capital raise after agreeing a strategic partnership with Air France-KLM in May.
Virgin Australia is resuming more short-haul international destinations this week, and it is also planning for further expansion of its international network later this year and in March 2023.
Airfares surged by nearly 13% in May on the back of higher jet fuel prices, extending a streak of monthly price increases that some industry watchers are worried may soon start to eat into travel demand.
African airlines have restored around 76.6% of their 2019 capacity, but traffic is continuing to lag at 66.3% of pre-pandemic levels, causing cash-flow problems for local operators.
The Danish government has acknowledged that Scandinavian Airlines (SAS) is in a “very serious situation,” triggering the state to agree to a debt-to-equity conversion and a possible capital injection.
Russian airlines are embarking on a new approach to rebuilding their relationships with foreign lessors after the Kremlin banned leased Western-built aircraft from being returned following the implementation of sanctions.
South African regional carrier Comair filed for liquidation June 9, after its administrators failed to find the necessary funding to keep the airline going.
While Russian aviation authorities have stopped publishing any commercial aviation statistics from March, recently released—albeit sketchy—data is showing a serious drop in domestic air service.
