Norwegian Air Shuttle is moving ahead with proposals to ensure sufficient liquidity over the coming winter and has asked bondholders for an extension by around two years to repay $380 million in outstanding debt.
Aigle Azur has been placed in receivership and is open to offers from potential buyers, but operations are set to continue as the airline seeks to secure its future.
Cathay Pacific Airways is implementing new inspection protocols and taking some staff off flight duties as the Hong Kong-based carrier continues to investigate how oxygen bottles were emptied on three aircraft in recent weeks.
Chinese LCC Spring Airlines again posted strong double-digit net profit growth, earning CNY854 million ($119.3 million) in the 2019 first half, 17.5% year-on-year (YOY) increase.
China’s Hainan Airlines Group earned CNY503 million ($70 million) for the first six months of 2019, boosted by large non-recurring revenue from activities such as asset sales.
Air China saw its net profit shrink 9.5% to CNY3.1 billion ($451 million) in the 2019 first half. After factoring non-recurring gain and losses, net profit stood at CNY3 billion, down 3.5% year-over-year (YOY).
Kenya Airways has posted a KES8.6 billion ($83 million) interim net loss for the first six months of 2019, double the KES4 million net loss for the same period in 2018.
Scandinavian Airlines (SAS) is working to reduce its negative carbon footprint with more fuel-efficient aircraft, president & CEO Rickard Gustafson said as the company delivered what he called “disappointing” third-quarter results.
Scandinavian Airlines (SAS) is working to reduce its negative carbon footprint with more fuel-efficient aircraft, president & CEO Rickard Gustafson said as the company delivered what he called “disappointing” third-quarter results.
US carriers should see continued top line revenue growth in 2020, driven by higher capacity from the re-entry of the Boeing 737 MAX, analysts at Cowen and Co. project.
Scandinavian Airlines (SAS) reported a net income of SEK1.16 billion ($122 million) for the third quarter (May-July), down 26% from SEK1.57 billion in the year-ago period.
Leisure travel specialist Thomas Cook has agreed on the key commercial terms for a £900 million ($1.1 billion) recapitalization, which will include ownership changes at the group’s airline unit.
A French court has appointed a temporary administrator of Aigle Azur in the latest twist in a saga that has seen some of the airline’s shareholders unsuccessfully attempt to take control of the company in a dispute over strategy.
East African startup Uganda Airlines has launched operations with an initial scheduled service between Entebbe and Nairobi (Kenya), marking the start of a growth plan that foresees 20 destinations by the end of 2021.
The UK CAA is looking into whether British Airways (BA) fully complied with its passenger-rights obligations, after the airline mistakenly told some passengers their flights were canceled during an upcoming pilots’ strike.
Bulgaria-based airline Holiday Europe launched operations Aug. 24, with a flight from Antalya (Turkey) to Nuremberg (Germany) with 218 passengers after receiving an air operator’s certificate.
The European Union (EU) has agreed to remove restrictions on foreign carriers seeking to wet lease to EU-based airlines as part of an agreement signed between the US, EU, Iceland and Norway Aug. 27 in Brussels.
Qatar Airways Group CEO has expressed support for Cathay Pacific Airways, as the Hong Kong-based carrier navigates squalls emanating from the territory’s continuing civil unrest.
A weakened currency is stagnating the growth of Australia’s international aviation market, and the country is poised to see a transition to a greater focus on inbound traffic
