Niki Lauda—ex-Formula 1 champion and founder of Austria-based airberlin subsidiary NIKI—will retake ownership of NIKI, rebranding the bankrupt carrier as “Laudamotion.”
Korean Air expects its planned joint venture (JV) with Atlanta-based Delta Air Lines to allow it to compete more effectively for transpacific connecting traffic.
The anticipated rise in interest rates, combined with strong underlying demand for aircraft will lead to higher lease rates, Air Lease Corp. (ALC) CEO John Plueger forecasts.
Irish lessor AerCap firmed an order with Rolls-Royce to power 10 forthcoming Boeing 787-9s with Trent 1000-TEN engines—a transaction valued at $450 million at list prices—the UK engine manufacturer said Jan. 22.
China’s big three—Air China, China Eastern and China Southern—are working with foreign competitors to position themselves in an increasingly fierce market.
Air France-KLM is planning to order new aircraft to update portions of the fleets of regional airline HOP!, Netherlands-based KLM and LCC Transavia, according to CEO Jean-Marc Janaillac.
International Airlines Group (IAG) CEO Willie Walsh told ATW that the company will grow significantly if the deal to buy NIKI assets via its Spanish LCC subsidiary Vueling goes ahead.
China’s big three carriers—China Southern, China Eastern and Air China—each reported passenger boardings of more than 100 million in 2017 as market demand continued to grow.
For Brazilian manufacturer Embraer's commercial aircraft, consolidated 2017 orders, deliveries and cancellations -- updated through the end of the 2017 fourth quarter.
Fort Lauderdale, Florida ultra-LCC Spirit Airlines provided guidance for a better-than-expected unit revenue performance in the 2017 fourth quarter, lending credence to the notion that the US airline revenue/pricing environment is improving.
Alitalia’s special administrators need more time before beginning exclusive negotiations with a potential buyer for the bankrupt airline, Italy’s economic development and infrastructure and transport ministries said in a joint statement after a meeting with the administrators.
Worldwide air passenger traffic was up 8% year-over-year (YOY) in November, the sector’s strongest rise in five months, according to IATA’s November Air Passenger Market Analysis.
Star Alliance carrier Ethiopian Airlines has finalized a strategic partnership with the Zambian government on the re-launch of Zambia Airways, taking a 45% stake in the airline.
Ryanair has confirmed the Irish LCC has contacted the Austrian administrators of bankrupt airberlin subsidiary NIKI, expressing interest in participating in the insolvency process and potential purchase of remaining NIKI assets, head of communications Robin Kiely told ATW.
Lufthansa wants Alitalia to undertake significant restructuring before the German group would be prepared to buy the struggling airline, its CEO has told the Italian government.
An Austrian court in Korneuburg has ruled that the NIKI insolvency proceedings and asset sale should restart from scratch, further casting doubt on International Airlines Group (IAG) acquiring NIKI.
