Virgin Atlantic executive Mark Anderson will lead the overhaul of Flybe after being appointed CEO of Connect Airways, the consortium that took over the UK regional airline.
Irish lessor SMBC Aviation Capital reported a record pre-tax profit of $344 million for the financial year, up nearly 8% from $319.4 million in the previous year.
Irish LCC Ryanair is purchasing Maltese startup airline Malta Air, adding another brand to its portfolio as it continues with plans to transition to a holding company structure overseeing separate airline brands.
South African Airways (SAA) has appointed general manager for operations Zuks Ramasia as acting CEO following the resignation of Vuyani Jarana. Ramasia assumed her new role June 10.
American Airlines has removed its 24 737 MAXs from its flight schedules through Sept. 3, becoming the first US operator to formally plan to be without its newest Boeing narrowbodies through August.
Malaysia Airlines Berhad (MAB) is seeking approval for a revised turnaround plan aimed at better aligning its business strategy and fleet to address financial and market challenges.
Swedish investment firm Triton has acquired the tour operating activities of the Dutch Corendon Holiday Group, including the latter’s small in-house airline.
Nigerian regional startup Ibom Air operated its first flight June 7, from Uyo to Lagos, after securing its air operator’s certificate from the Nigerian CAA.
Japan Airlines (JAL) will mainly rely on increased aircraft utilization to increase capacity and meet an expected demand surge in 2020, although its planned long-haul LCC startup will also help.
Air Mauritius is reviewing its business model and network, and upgrading its fleet, in response to growing competition at the airline’s Indian Ocean base.
Greek carrier Aegean Airlines reported a first-quarter net loss of €35.2 million ($39.6 million), 14% greater than a €30.8 million loss in the year ago period as fuel costs rose and average fares declined.
With the deadline for investors to present a formal bid and business plan for Alitalia approaching, Italian government ministers are still trying to firm up the structure of the consortium set to rescue the bankrupt carrier.
Asia-Pacific carriers are still grappling with many of the issues that eroded their profitability last year, the head of the region’s major airline industry group said.
A Canadian real estate developer is attempting to derail Air Canada’s planned acquisition of Air Transat by making a more valuable offer for the leisure carrier’s parent company.
Indian LCC SpiceJet expects dramatic fleet growth this year as it leases aircraft formerly operated by Jet Airways and eyes the resumption of Boeing 737 MAX deliveries.
The US Department of Transportation (DOT) tentatively granted antitrust immunity for American Airlines and Qantas to operate a joint venture (JV) between the US and Australia/New Zealand, paving the way for the pair to expand coordination across planning, pricing, sales and logistics.
