A French court ruled Oct. 4 that insolvent airline XL Airways should be liquidated, ending hopes that a last-minute takeover offer could save part of its operations, in the second casualty to hit the French air transport sector in a week.
Singapore-based lessor BOC Aviation concluded a purchase-and-leaseback transaction with Qatar Airways for three new Airbus A350-900s with the Sept. 27 delivery of the third aircraft.
Insolvent Slovenian carrier Adria Airways left Star Alliance Oct. 2, becoming the second member airline in a month to leave the alliance because of bankruptcy.
Most US airlines would see minimal near-term fallout from tariffs on Airbus deliveries, although New York-based JetBlue Airways and Florida-based Spirit Airlines could face notable challenges offsetting added costs, a Bernstein analysis has concluded.
The investment vehicle that wanted to take over French airline Aigle Azur has submitted a last-minute bid to save low-cost, long-haul carrier XL Airways with a plan to take on two of its four-strong Airbus A330 fleet and around half its staff.
Brazil’s National Congress on Sept. 27 failed to overturn President Jair Bolsonaro’s veto of a provision that would have allowed passengers on domestic flights to check in one piece of luggage free of charge.
Insolvent French low-cost, long-haul airline XL Airways is suspending all flights as a court deadline for finding an investor or liquidating the airline nears.
Dubai-based LCC flydubai posted a 2019 first-half net loss of AED196.7 million ($53.6 million), narrowed from a net loss of AED316.8 million in the year-ago half on lower fuel prices and a reduction in capacity.
Lufthansa subsidiaries Austrian Airlines and LCC Eurowings Europe are collaborating on a new strategy to better position themselves in the Austrian market.
French airline Aigle Azur will be liquidated as of midnight Sept. 27 after a French commercial court rejected the remaining rescue offers under consideration for the already-grounded airline.
Air France-KLM will not step in to rescue long-haul LCC XL Airways, which faces liquidation as the deadline approaches for bids for the insolvent airline.
Indian LCC SpiceJet will continue a year of rapid growth by adding 46 more domestic one-way flights, and is also reportedly considering another major aircraft order.
Ryanair subsidiary LaudaMotion is losing around €1 million ($1.1 million) per week, Ryanair CEO Michael O’Leary said, adding that the purchase of the Austrian LCC has been “very painful.”
State-owned Croatia Airlines will receive a government cash injection, while another southeast European carrier, Adria Airways, is scrambling to find investors and resume full operations.
Qatar Airways reported a fiscal year 2018/19 net loss of QAR2.3 billion ($639 million), widened from a net loss of QAR251.6 million in the year-ago period.
International Airlines Group (IAG) is expecting its full-year operating profit to be down on 2018, after taking a £170 million ($186.6 million) hit from industrial unrest among its pilots and Heathrow Airport workers.
German leisure carrier and Thomas Cook subsidiary Condor received approval by the German federal government and the state of Hesse for loan guarantees totaling €380 million ($418 million).
Cape Air has an MOU with Eviation in developing its Alice all-electric regional airliner and will begin service with the new aircraft by the end of the year.
