Air Transat parent Transat A.T. is urging shareholders to ignore a last-minute appeal from a high-profile, low-percentage shareholder looking to derail Air Canada’s proposed bid as the Aug. 23 vote on the proposal nears.
French leisure airline Aigle Azur is preparing to stop flying to Portugal at the end of October and sell this part of its activities to Spanish LCC Vueling.
LCC Norwegian Air Shuttle has agreed to sell its entire shareholding in Bank Norwegian parent company Norwegian Finans Holding (NOFI) for NOK2.2 billion ($245.9 million), raising funds to reinvest in the airline.
Consultancy firm IBA has warned of higher market risk after 81 of the more than 120 airlines that the company monitors for financial performance reported lower EBITDAR margins for 2018.
Taiwan’s China Airlines (CAL) announced in a stock note that its LCC subsidiary, Tigerair Taiwan, will place an order for seven Airbus A320neos and lease a further eight.
Despite robust passenger growth, higher costs and a weaker cargo market saw Korean Air’s net loss widen to 415 billion won ($343 million) in the six months through June 30.
American Airlines and Southwest Airlines are blaming the grounding of the Boeing 737 MAX for a spike of denied boardings in the first half of 2019, according to the latest US Department of Transportation (DOT) Air Travel Consumer Report.
The protests sweeping Hong Kong have caused more fallout for Cathay Pacific Airways, with the airline’s CEO Rupert Hogg and chief customer and commercial officer Paul Loo resigning from the carrier.
Chile’s LATAM Airlines Group narrowed its net loss to $63 million in the second-quarter, as rising passenger revenues were offset by the ongoing financial crisis in Argentina.
Philippine Airlines (PAL) reported a 2019 second-quarter net loss of PHP2.3 billion ($43.6 million), widened from a PHP173.4 million loss in the year-ago quarter.
UK long-haul specialist Virgin Atlantic has taken delivery of its first Airbus A350-1000. The aircraft flew into London Heathrow Aug. 10 from Airbus’s Toulouse plant.
Hanover, Germany-based TUI Group has seen a negative financial impact by the global Boeing 737 MAX grounding as well as delayed bookings for the 2019 third quarter (April-June).
Air Canada increased its bid for Air Transat, garnering support from the acquisition target’s largest shareholder and increasing the chances the tie-up will be approved later this month.
Leisure travel specialist Thomas Cook Group is seeking an additional £150 million ($180 million) capital injection for liquidity through the winter low season, as talks on a previously announced £750 million recapitalization continue.
Thai Airways reported a net loss of THB6.9 billion ($223.8 million) for the June quarter, more than double the THB3.1 billion loss in last year’s second quarter.
Belgian regional startup Air Antwerp, which is co-owned by Irish regional CityJet and Dutch flag carrier KLM, has secured its air operator’s certificate (AOC) and will launch Fokker 50 flights to London City Airport Sept. 9.
