India’s Jet Airways continues to cancel all international flights for the near-term at least, as more aircraft are grounded for missing lease payments.
Potential bidders have emerged for a strategic stake in India’s Jet Airways, prompting the airline’s creditors to extend a deadline for expressions of interest (EOI).
American Airlines is trimming its revenue outlook for the first quarter, citing financial costs and disruptions related to the grounding of the company’s fleet of Boeing 737 MAX 8 aircraft and the temporary removal of 14 Boeing 737-800 aircraft for maintenance.
Brazilian aircraft manufacturer Embraer has selected Francisco Gomes Neto, president of street bus body supplier Marcopolo, to be its next CEO and president, the company announced April 9.
Scandinavian LCC Norwegian Air Shuttle has promoted its chief financial officer Geir Karlsen to the post of deputy CEO, just a year after he joined the airline.
The survival prospects of Indian carrier Jet Airways remain unclear, as a deadline for potential investors looms this week and more aircraft are reclaimed by lessors.
The deadline for Italian railway company Ferrovie dello Stato (FS) to present a binding offer for Alitalia was extended to April 30 by the government and the commissioners managing the bankrupt carrier, Italian media reported.
Korean Air chairman and CEO Cho Yang-ho died April 7, after heading the airline for more than 20 years and overseeing its development into one of Asia’s leading carriers.
Aspiring Canadian ULCC Jetlines said its first day of revenue flights will be Dec. 17—later than its most recent plans, but for the first time pinned to a definitive date.
An interim report into the Ethiopian Airlines Boeing 737 MAX 8 crash said the flight crew followed proper procedures in response to uncommanded nose-down inputs, but they could not keep the aircraft from descending into the ground, Ethiopia's top transport official said April 4.
Royal Jordanian reported a 2018 net loss of JD5.9 million ($8.3 million), compared to a net profit of JD274,000 in the previous year, with the shutdown of its Royal Wings subsidiary and shifts in exchange rates contributing to the weak performance, the airline said.
Slovenian flag carrier Adria Airways and Russian manufacturer Sukhoi Civil Aircraft Co. (SCAC) have failed to convert the airline’s November 2018 letter of intent to acquire 15 Sukhoi Superjet 100 (SSJ100) regional jets into a firm order after they were unable to reach an agreement on contract terms.
Indian airline Jet Airways is still grounding aircraft because of lease payment defaults, even though the first parts of a bailout plan have been put in place.
