Shareholders of Montreal-based Transat A.T. voted Aug. 23 in favor of Air Canada’s takeover bid, ending months of uncertainty and paving the way for review by Canadian regulatory authorities in the coming weeks.
AirAsia X saw losses rise in the second quarter, as the Malaysian LCC continues to keep capacity in check for the parent carrier and focus growth on its Thai affiliate.
Amazon and Cargojet—betting on a surge in Canada’s lagging online-shopping growth rate—are teaming up in a deal that will see the e-commerce company commit to a certain level of business for the right to acquire shares in the Canadian cargo specialist.
Kazakhstan-based Air Astana posted a 2019 first-half $7.2 million net loss, a 61% year-over-year (YOY) improvement compared to a net loss of $18.3 million in the year-ago period.
LATAM Cargo Group announced plans Aug. 22 to grow its networks in Colombia and Peru, boosting its position in two key South American markets for international trade.
Air New Zealand is targeting significant cost savings over the next two years in response to a tightening demand environment that has eaten into its profitability.
United Airlines is betting on a small percentage of its widebody fleet playing a large role in helping expand its international footprint, scheduling its reconfigured premium-heavy Boeing 767-300ERs on several new routes and upgrading flights in established high-yield markets.
Swiss regional carrier Helvetic Airways has completed preparations for its 12 Embraer E190-E2s to enter into service, with delivery of the first four anticipated this year.
American Airlines has agreed to pay $22.1 million to settle allegations that it falsely reported delivery times of mail transported internationally on behalf of the US government.
Star Alliance is continuing efforts to deliver a better experience for passengers traveling across its global network on multiple carriers, according to alliance CEO Jeffrey Goh.
Cathay Pacific Airways predicts revenue for August will be affected significantly by this summer’s mass civil protests in Hong Kong, weakening inbound and outbound traffic.
Thai Airways’ president Sumeth Damrongchaitham has asked the company’s senior executives to voluntarily take pay cuts and meet allowances in a bid to save costs.
Air Transat parent Transat A.T. is urging shareholders to ignore a last-minute appeal from a high-profile, low-percentage shareholder looking to derail Air Canada’s proposed bid as the Aug. 23 vote on the proposal nears.
French leisure airline Aigle Azur is preparing to stop flying to Portugal at the end of October and sell this part of its activities to Spanish LCC Vueling.
LCC Norwegian Air Shuttle has agreed to sell its entire shareholding in Bank Norwegian parent company Norwegian Finans Holding (NOFI) for NOK2.2 billion ($245.9 million), raising funds to reinvest in the airline.
Consultancy firm IBA has warned of higher market risk after 81 of the more than 120 airlines that the company monitors for financial performance reported lower EBITDAR margins for 2018.
