International Airlines Group (IAG) acquired a 4.61% stake in LCC Norwegian, a move that could see it take full control later. IAG said in a statement it considered Norwegian to be an “attractive investment.”
The Lufthansa Group has selected Alexis von Hoensbroech for CEO of subsidiary Austrian Airlines as of Aug. 1, succeeding Kay Kratky, who will step down after three years in July when his contract ends.
Austrian startup LaudaMotion and German leisure carrier Condor will end their cooperation agreement by the end of April, both carriers confirmed April 9.
China’s Spring Airlines has estimated its 2017 net profit will increase 33% to CNY1.3 billion ($193 million) as a result of the LCC’s network optimization and revenue management, according to a preliminary earnings estimate released by the Shanghai Stock Exchange.
Global passenger traffic increased 7.6% in February, resuming the upward momentum of 2017 after a January slowdown affected by the later timing of the Lunar New Year.
Santiago-based LATAM Airlines Group management has reportedly offered a last-minute concession to the cabin crew union of its subsidiary LAN Express, in an effort to stave off a strike action called by the union for Tuesday April 10.
American Airlines plans to equip 320 Airbus A321s to display nearby air traffic on the flight deck via automatic dependent surveillance-broadcast In (ADS-B In).
The medium-term outlook for global air cargo demand remains strong, but the industry is watching several key variables that could have major implications on air freight trends, including how the escalating tariff battle between the US and China might affect shipping patterns.
Air Lease Corp. (ALC) delivered four newly built aircraft and secured lease agreements for five aircraft from three customers during the first quarter of 2018, the Los Angeles-based lessor said April 5.
German leisure carrier Condor and Austrian startup LaudaMotion are negotiating the terms of ending a cooperation agreement, according to industry sources.
Lufthansa Cargo will market the cargo capacities of Lufthansa Group subsidiary Brussels Airlines from Sept. 1, joining Lufthansa (mainline), Austrian Airlines, Eurowings and Sun Express.
Air Belgium is targeting seven Chinese destinations by fall as the startup carrier readies its first flight from Brussels South Charleroi Airport to Hong Kong at the end of April, its CEO Niky Terzakis told ATW’s sister publication Aviation Daily.
UK-based regional carrier Flybe has announced a combination of continued improvement in load factor, together with a reduction in available capacity as it slims down its fleet.
