Flybe is looking for a buyer as part of a strategic review and is already in talks with “a number of strategic operators” about a potential sale as it seeks to address the difficult conditions airlines are facing, the UK-based regional carrier said.
The Flight Safety Foundation (FSF) has named MITRE Corp. executive Hassan Shahidi as its new president and CEO, succeeding Jon Beatty. Shahidi will begin his new job in January.
Philippines LCC Cebu Pacific posted a PHP518.4 million ($9.6 million) loss for the 2018 third quarter as rising costs, a weak peso against the US dollar and fleet expansions took their toll.
Singapore Airlines (SIA) Group reported a 68.9% decrease in net profit to S$196 million ($141.9 million) for the six months ending Sept. 30 compared to the year-ago period, as revenue gains could not offset rising fuel costs.
Singapore Airlines (SIA) Group reported a 68.9% decrease in net profit to S$196 million ($141.9 million) for the six months ending Sept. 30 compared to the year-ago period, as revenue gains could not offset rising fuel costs.
Special commissioners are examining the three offers made for Alitalia this week ahead of presenting their conclusions to the government in a long-running process to relaunch the bankrupt carrier.
Fastjet, which has warned it might not survive without equity fundraising, is in the process of selling off the company’s stake in the African LCC’s loss-producing Tanzanian subsidiary, according to local media reports.
Swiss International Air Lines (SWISS) will wet lease up to eight Embraer E190-E2s from regional carrier Helvetic Airways in an expansion of the airlines’ partnership.
Global passenger traffic growth and manufacturer delivery delays helped Air Lease Corp. (ALC) post a 48% net profit increase of $146.6 million for the third quarter (3Q) compared to the year-ago period.
Turkish Airlines reported a $755 million net profit for the first nine months—nearly tripled from a net profit of $263 million for the year-ago period.
Volotea, a Spanish LCC specializing in point-to-point service between Europe’s secondary cities, plans on steady growth in fleet, network and revenues next year
International Airlines Group’s (IAG) Iberia is moving out of survival mode and looking to Latin America as a key pillar of the Spanish flag carrier’s future strategy.
Central and Eastern European LCC Wizz Air has cut its full-year profit forecast because of disruption during the summer season and higher fuel prices, as it reported a first-half rise in passenger numbers and revenue.
Kazakhstan flag carrier Air Astana plans to launch LCC FlyArystan in the first half of 2019, in response to a rapidly changing local and regional airline business environment.
Global airline passenger traffic growth slowed to an eight-month low of 5.5% year-over-year (YOY) in September, down from 6.4% the previous month, according to IATA’s Air Passenger Market Analysis.
Yakutia Airlines has negotiated with several carriers to perform international flights for the company after Russian authorities suspended the airline’s international operations.
Hong Kong’s privacy commissioner is launching an investigation of Cathay Pacific because of a recent high-profile data security breach that affected millions of customers.
Icelandair agreed to buy local rival WOW Air Nov. 5 in a move that could end a battle for dominance at both carriers’ Keflavik home base. The airlines will maintain their brands and operate as separate entities following different models, according to the takeover agreement.
