Airlines & Lessors

Lufthansa has sold the European portion of its catering unit LSG Group to Gategroup, its first step toward exiting the airline catering business segment altogether.

The operational impact of the Boeing 737 MAX grounding could carry into 2021 as airlines face the challenge of reintroducing a dormant fleet back into service, the CEO of SMBC Aviation Capital said.

The lost capacity caused by the grounding of its Boeing 737 MAXs is holding back LOT Polish Airlines’ growth plans, the carrier’s CEO said.

German leisure carrier Condor expects to gain clarity about its future ownership in January 2020, around four months after having entered a special restructuring scheme.

No new deadline extension is being considered for the submission of an investors’ rescue plan for bankrupt Alitalia, Italy’s economic development minister said.

German leisure carrier Condor expects to gain clarity over its future ownership in January, around four months after entering a special restructuring scheme.

United Airlines is looking to gain a U.S.-Mexico City slot pair once JetBlue Airways ceases operating to the Mexican capital in January 2020.

A Tanzanian court declared LCC fastjet Tanzania insolvent and has appointed a liquidator for the carrier, according to local media reports.

An end may be in sight to an industrial dispute that has lingered at British Airways (BA) for months and cost the airline tens of millions of dollars as a result of a two-day September strike.

Aerospace business growth continues to be driven by the two narrowbody leaders, and especially their larger variants.

A Tanzanian court declared LCC fastjet Tanzania insolvent and has appointed a liquidator for the carrier, according to local media reports.

The governments of Singapore and South Korea have signed an expanded air services agreement that allows airlines from both countries to operate an unrestricted number of passenger and cargo flights between the two nations.

Asian airlines are taking a cautious approach to planning for 2020 as pressure on earnings increases, according to the region’s major industry group.

Greek carrier Aegean Airlines reported a 2019 third-quarter net income of €90.2 million ($99.9 million), down 4% from €94.7 million in the year-ago period, as a result of higher fuel costs.

Volotea, the Barcelona-based LCC that specializes in linking secondary and tertiary European cities, is considering adding routes to North African cities in the wake of French leisure carrier Aigle Azur’s demise, Volotea founder and CEO Carlos Munoz said.

Asian airlines are taking a cautious approach to planning for 2020 as pressure on earnings increases, according to the region’s major industry group.

A busy summer season contributed to a major upturn in Air Arabia’s third-quarter profit figures and to a record year-to-date financial performance.

Jacob Schram takes the helm of the long-haul, low-cost carrier as it continues to face numerous financial and strategic obstacles.

A Dornier 228 turboprop operated by Democratic Republic of the Congo (DRC) carrier Busy Bee Congo crashed soon after takeoff from Goma airport in eastern DRC, killing up to 27 people in the aircraft and on the ground.

Canada Jetlines, a Vancouver-based startup ULCC, has filed a lawsuit against David Neeleman alleging the airline entrepreneur engaged in a “predatory scheme” to sabotage the company’s business ahead of a crucial financing round.

Volotea, the Barcelona-based carrier that specializes in linking secondary and tertiary European cities, is considering adding routes to North African cities in the wake of Aigle Azur’s demise, Volotea founder and CEO Carlos Munoz said.

The US Department of Transportation (DOT) has issued final approval for a grant of global antitrust immunity to the transatlantic joint venture (JV) between Delta Air Lines, Virgin Atlantic and Air France-KLM.

In 2020 Icelandair will rationalize its network, which has been disrupted by the grounding of its Boeing 737 MAXs and evaluate replacements for looming gaps in its fleet.

Strong demand from airlines and investors has increased Dublin-based SMBC Aviation Capital’s interim pre-tax profit to $200 million, marking 19% growth on the $168 million interim figure that it posted in 2018.

SF Airlines, the air freight arm of China’s largest courier company, plans to raise CNY5.8 billion ($825 million) with a corporate bond sale for the acquisition of new aircraft and logistics technology.