The airberlin bankruptcy reached a new level of complexity and uncertainty, after a creditor filed an application to declare Austrian subsidiary NIKI bankrupt as well.
FedEx Corp. estimates it took a $300 million hit from the late June cyberattack that started by targeting Ukrainian companies and spread globally, particularly affecting FedEx subsidiary TNT Express.
Four Chinese government lessors have ordered 70 COMAC C919s and taken options on 60 more, the manufacturer and the customers said, indicating strengthened government backing for the project.
Irish LCC Ryanair estimates that crew-related cancellations over the next six weeks will cost around €25 million ($29.9 million), with CEO Michael O’Leary describing the situation as “a mess of our own making.”
The Aerospace Industries Association (AIA), which represents the interests of US aerospace manufacturers in Washington DC, has named Eric Fanning its new president and CEO, effective Jan. 1, 2018.
JetBlue Airways CEO Robin Hayes has given a spirited defense of the role smaller carriers play in the international airline market, while condemning what he called anticompetitive behavior by the three large US legacy carriers.
Russian startup Azimuth Airline will begin operations Sept. 21 with daily services to Moscow Vnukovo and Omsk Tsentralny airports after receiving an air operator’s certificate at the end of August.
Qantas International and Freight CEO Gareth Evans said airlines have the opportunity to be the disruptor, rather than be disrupted, as the digital economy heats up.
UK carrier British Airways has partnered with renewable fuels company Velocys, after an earlier waste-to-fuel initiative—named GreenSky—with Washington-based Solena Fuels fell through.
UK LCC easyJet submitted a last-minute proposal to acquire parts of airberlin’s short-haul business as the deadline for potential buyers of the bankrupt German carrier ended Sept. 15.
LCC Norwegian has rejected industry speculation about the financial sustainability of its long-haul LCC model, arguing that the business case has already been demonstrated.
The general superintendence of Brazilian regulatory agency Conselho Administrativo de Defesa Econômica (CADE) has recommended that CADE’s administrative tribunal approve the American Airlines-LATAM Airlines Group joint venture (JV) without conditions.
Wall Street continues to be lukewarm to investing in US airline stocks, but the industry appears positioned for long-term financial success and stability, according to airline executives and financial analysts.
Lufthansa Group subsidiary Austrian Airlines is wet leasing two Bombardier CRJ900s from Slovenia-based Adria Airways for short-haul routes on the Austrian network.
Niki Lauda, ex-Formula 1 champion and founder of Austria-based airberlin subsidiary NIKI, is partnering with UK-based Thomas Cook Group and its German leisure airline subsidiary Condor to bid for NIKI and other parts of airberlin.
Newly launched Omani LCC SalamAir has appointed Mohamed Ahmed as its new CEO, effective Oct. 2, succeeding founding CEO, Francois Bouteiller, who was dismissed suddenly in August.
