Airlines & Lessors

Scandinavian LCC Norwegian Air Shuttle has secured some financial breathing space, after its bondholders voted in favor of changes to their investment terms.

Virgin Australia has moved to reverse the partial spinoff of its loyalty program, reaching a deal to buy back the stake it had previously sold.

Air France and Groupe Dubreuil may make a joint offer to take over Aigle Azur’s activities, a French minister said, as a commercial court prepares a decision on the bankrupt French leisure carrier’s future.

Express-cargo startup CargoLogic Germany (CLG) has secured its air operator’s certificate (AOC) from the German CAA and is ready to begin commercial operations with two converted Boeing 737 freighters.

United Airlines will continue its aggressive growth for as long as it helps meet fundamental goals the airline sets, such as margin and earnings-per-share targets, president Scott Kirby said.

The co-pilot of an Airbus A319 on approach to land left the flightdeck after experiencing an anxiety attack, the UK’s Air Accidents Investigation Branch (AAIB) has revealed.

Ireland-based lessor AerCap has signed an agreement to sell a second portfolio of aircraft to Saudi Arabia’s NCB Capital and will provide new aircraft to long-term customer Air Macau.

EasyJet CEO Johan Lundgren plans to formally launch the airline’s new direct hotels partnership later this year and sees opportunities to expand existing bases to create economies of scale.

Airline entrepreneur David Neeleman has started the process of setting up another airline in the US in addition to the planned Airbus A220 operator Moxy.

Groupe Dubreuil, the parent company of Air Caraïbes and French Bee, is interested in the Paris Orly slots belonging to Aigle Azur, the company’s top executives said Sept. 12.

Russia’s S7 Airlines has named Vadim Klebanov as CEO to succeed Vladimir Obyedkov, who has stepped down from the position.

Chile’s LATAM Airlines Group has announced longtime CEO Enrique Cueto will step down March 31, 2020, to be replaced by current chief commercial officer (CCO) Roberto Alvo.

Greek airline Ellinair will increase the number of aircraft based at Moscow’s Vnukovo International Airport under a partnership between the airport and Ellinair parent Mouzenidis Group.

Delta Air Lines has acquired enough shares to lift its ownership of Korean Air’s parent company almost to its 10% target.

Cathay Pacific Airways has reported substantial drops in passenger traffic for August, in its first monthly results to detail the effects on demand from Hong Kong’s continuing civil unrest.

A deadline for Alitalia’s rescue consortium to present a business plan looks set to be pushed back once again, the latest delay in a long-running bid to map out a relaunch strategy for the bankrupt airline.

Airbus and Boeing commercial aircraft deliveries for 2019 year-to-date, sorted by most-recent delivery date.

Airbus and Boeing commercial aircraft gross orders for 2019 year-to-date, sorted by most-recent date of order placement with manufacturer.

Tokyo Century will buy out the rest of US lessor Aviation Capital Group (ACG) from Pacific Life Insurance this year, the companies announced Sept. 9.

Ukraine International Airlines (UIA) president Yuri Miroshnikov will step down from the position Sept. 12 when his contract expires and will be succeeded by Yevhenii Dykhne, effective Sept. 18.

Airlines that have installed reliable inflight connectivity systems have an opportunity win $33 billion in market share from their competitors, according to economic modeling by the London School of Economics and Political Science (LSE) in association with satellite company Inmarsat.

China Eastern Airlines and Juneyao Airlines have announced plans to deepen cooperation and take large shares in each other’s equity.

Disruptions caused by Hurricane Dorian created more financial headwinds during an already sagging 2019 third quarter for Spirit Airlines, removing an estimated $25 million in revenue and pushing unit costs up, the Florida-based ULCC calculates.

Air France and UK LCC easyJet are among the bidders to express interest in taking over all or part of Aigle Azur, as around 13,000 passengers are stranded after the French airline went into receivership and flights were canceled as of Sept. 7.

All-Boeing operator Icelandair has acknowledged the Boeing 737 MAX grounding as a “big challenge,” impacting the carrier’s financial performance, operational planning and efficiency.