Singapore sovereign wealth fund GIC has acquired an undisclosed minority stake in Danish regional aircraft leasing specialist Nordic Aviation Capital (NAC), finalizing a deal that was first announced in October.
On the heels of Ryanair’s acquisition of Austria-based LaudaMotion, the Irish LCC sees the potential to add more airlines to its current group of three carriers.
UK regional carrier Flybe has rejected a demand for a general meeting from Hosking Partners, which manages 18.72% of Flybe’s shares on behalf of several investors.
China’s Hainan Airlines and its subsidiary carriers received CNY667 million ($99 million) in government support in 2018, primarily as subsidies for aviation services.
Russia’s Aeroflot Group carried 55.7 million passengers in 2018, up 11% year-over-year (YOY). International traffic grew 9.7% to 24.7 million, while domestic traffic increased 12.3% to 31 million.
A Chinese company has applied to operate as a cargo airline based at the north-central city Zhengzhou, where the government is striving to build an air-freight industry.
Faced with competitive pressure in key markets, Hawaiian Airlines plans to introduce several products and services, including basic economy fares, in 2019.
Vietnam Airlines is scheduled to receive 12 Airbus A321neos from lessor California-based Air Lease Corp. this year, boosting the carrier’s existing fleet of this type.
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 fourth quarter or equivalent, generally covering October-December 2018.
Irish LCC Ryanair has gained complete ownership of LaudaMotion with the acquisition of the 25% stake in the Austrian LCC held by its founder, former Formula 1 driver Niki Lauda.
After nearly three years of studies and tests, China Eastern Airlines has introduced the country’s first radio-frequency identification (RFID) bag tracking service for its customers.
Scandinavian LCC Norwegian has announced plans to raise NOK3 billion ($353 million) through a rights issue in an attempt to increase liquidity in the absence of a strategic investor.
Japan’s All Nippon Airways (ANA) reported a profit decline for the nine months through Dec. 31, 2018, although it cited an improvement in the December quarter as a positive sign.
All Nippon Airways (ANA) Holdings has revealed some major investment moves, as it confirmed the purchase of a 9.5% strategic stake in Philippine Airlines (PAL) and placed an order for 38 narrowbody aircraft from Airbus and Boeing.
UK regional carrier Flybe has voiced the board’s “full confidence” in chairman Simon Laffin, after key shareholder Hosking Partners demanded Laffin’s removal and a probe into Flybe’s sale process.
The AirAsia family of airlines, consisting of AirAsia Berhad, Thai AirAsia, AirAsia India and AirAsia Japan all saw strong growth in fourth-quarter (4Q) 2018, as well as full-year 2018, ended Dec. 31.
Responding to growth in the Asian travel and mobility digitalization market, the Lufthansa Group opened a Lufthansa Innovation Hub (LIH) office Jan. 28 in Singapore, its first outside Berlin.
American Airlines opened its new $215 million Hangar 2 at Chicago O’Hare International Airport on Jan. 25, 2019. David Seymour, the airline’s senior VP integrated operations, explains why this hangar, the biggest at the airport, is important to American’s expanding O’Hare operation.
Europe’s top five airlines (or airline groups) now account for more than half of the continent’s air passenger traffic, according to German research organization Scope Ratings.
