Aer Lingus CEO Stephen Kavanagh will step down Jan. 1 to pursue other interests; he will be succeeded by British Airways’ director-network, fleet and alliances Sean Doyle.
Former Ryanair deputy CEO & CFO Howard Millar has emerged as the CEO of Sirius Aviation Capital Holdings Limited (SACHL), a new Dublin-based narrowbody lessor that is looking to initially raise $250 million through a stock-market listing.
Italy’s government is close to deciding on Alitalia’s future, according to Italian media, with plans to keep around 15% of the carrier in state hands alongside other Italian and foreign investments and with a deal expected to be finalized in November.
The Polish airline of Lithuania’s Small Planet Group has filed for restructuring under Polish law and is seeking an investor, shortly after the group’s German airline filed for insolvency.
Strengthening domestic yields will help American Airlines deliver third-quarter (3Q) per-passenger revenue performance at near the top of its guidance, the Dallas/Fort Worth-based carrier said in an Oct. 9 investor update.
Chicago-based United Airlines will adjust its flight banks at Denver International Airport (DEN) early next year, creating a larger first bank that targets business travelers.
September marked the sixth straight month that Southwest Airlines saw capacity growth outpace revenue passenger-miles (RPMs), suggesting supposed short-term challenges that dragged down mid-year performance may be lingering, even as its revenue outlook remains solid.
The Russian government will provide a $146.2 million subsidy to the State Transport Leasing Co. (STLC) based on a decision signed Oct. 2 and published by the government Oct. 4.
Loss-making Indian carrier Jet Airways will receive a $35 million boost from part-owner Etihad Airways, via the airline’s loyalty program, JetPrivilege, Etihad confirmed Oct. 5.
Ryanair has welcomed a ruling by the Commercial Court of Barcelona confirming the Irish LCC owes no compensation under European Union rules to passengers whose flights were canceled because of internal strike action, which were beyond the airline’s control.
Icelandair has started talks with bondholders who invested $190 million in the company, cautioning that it may not be able to meet the original terms of the financing following a recent profit warning.
Netherlands-based aircraft lessor AerCap signed lease agreements for 62 aircraft in the 2018 third quarter, comprising nine widebodies and 53 narrowbodies.
Air France has presented a new restructuring plan for its regional subsidiary HOP! to unions, which includes simplifying its fleet to three aircraft types, switching HOP! flights to Air France codes, cutting 120 jobs and merging support functions into one site.
2018 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2018 fiscal year second quarter or equivalent, generally covering April-June 2018.
Civil Aviation Group, a consortium comprising Romania-based LCC Blue Air and a group of investors from the Republic of Moldova, will take over Air Moldova after the government put its loss-making national carrier up for privatization in August.
JetBlue Airways does not expect to see tangible bottom-line results from its newly announced version of no-frills fares until late 2019, a top executive acknowledged.
