The proposed purchase of WestJet by private-equity firm Onex Capital has received Minister of Transport Marc Garneau’s blessing, clearing a major regulatory hurdle necessary for the deal to close.
The sprawling aircraft leasing community is bound to consolidate, though it is unlikely to get down to just a handful of players, the top executive of GE Capital Aviation Services (GECAS) said.
Three members of the Association of South Pacific Airlines (ASPA)—Solomon Airlines, Nauru Airlines and Air Vanuatu—have launched a collaboration initiative in areas such as purchasing and safety, as they look for ways to address common business challenges.
Air France-KLM and French hotel group AccorHotels are strengthening their partnership with a new dual-reward service they described as a first for the European travel industry.
Airlines need to begin looking closely at their fleet management and labor plans in anticipation of a “downward spiral” in the air transport market caused by global trade tensions, consulting firm ICF said.
Delta Air Lines has acquired a 4.3% equity stake in Hanjin-KAL, Korean Air’s largest shareholder, setting the stage for even closer cooperation between the two joint-venture (JV) partners.
Norwegian CEO Bjorn Kjos shares a strategy update with ATW at the Paris Air Show, talking about how his airline might form partnerships with other feeder airlines.
Philippine Airlines (PAL) has named Vivienne Tan to take over operational control of the carrier, after the airline’s president Jaime Bautista announced his retirement.
Portuguese wet-lease operator Hi Fly plans to grow its fleet significantly, including adding more Airbus A380s, as it anticipates a strong demand for its services to continue in the coming years.
After failing to find new investors, the main creditors of India’s Jet Airways said they will begin insolvency proceedings, likely extinguishing any hopes of rescuing the airline.
Lufthansa Group issued a profit warning for the full year, saying strength in the long-haul market was only partially offsetting pressure on yields in the European short-haul business, where the market would remain “challenging” for at least the rest of 2019.
Boeing has issued its most positive commercial market outlook yet with a forecast that calls for the delivery of 44,040 new aircraft valued at more than $6.8 trillion over the next 20 years.
Airbus launched the long-expected A321XLR on the opening day of the Paris Air Show and expects airlines to operate “hundreds” of the aircraft over time as new secondary long-haul markets are developed.
