Greybull Capital, the owner of Monarch Airlines, is the latest company to emerge as interested in Alitalia, highlighting the possibility that the Italian flag carrier’s operations could be sold off separately—even though Italy’s government has stated a preference for a sale of the company as a whole.
[UPDATED] Houston Intercontinental Airport (IAH) and Houston Hobby Airport (HOU) are closed because of severe flooding in Houston in the aftermath of Hurricane Harvey, significantly affecting United Airlines and Southwest Airlines.
Hainan Airlines reported a net profit of CNY1.2 billion ($17 million) for the 2017 first half, down 31% over net income of CNY1.7 billion for the same period last year.
Russia’s AirBridgeCargo (ABC), part of Volga-Dnepr Group, carried 335,000 tonnes in the first half of 2017, up 16% year-over-year (YOY), as a result of strong demand across the Asia-Pacific network.
Airberlin’s frequent flier program, topbonus, followed the German carrier in filing for insolvency Aug. 25 after Abu Dhabi-based Etihad Airways pulled support.
Canadian training specialist CAE will pay $100 million to acquire full control over the Asian Aviation Centre of Excellence (AACE), a 50:50 joint venture with LCC AirAsia.
Irish LCC Ryanair has filed complaints with Germany’s competition authority and the European Commission (EC) over the handling of airberlin’s assets since it filed for insolvency.
Long-haul LCC AirAsia X (AAX) achieved strong growth in its second-quarter profit, as it managed to spur healthy demand despite significant capacity expansion.
Azerbaijan Airlines (AZAL) has taken delivery of an Embraer E190 from regional aircraft lessor Nordic Aviation Capital (NAC) for its new LCC subsidiary Buta Airways, which will launch Sept. 1.
Aeroflot Group’s international traffic increased 27.2% from January-July. During the seven-month period, the group carried 28.3 million passengers, up 17.3% year-over-year (YOY).
China’s Spring Airlines plans to collect CNY4 billion ($600 million) by circulating non-public A shares to purchase 10 A320 aircraft and one A320 simulator.
The European Aviation Safety Agency (EASA) has issued an emergency airworthiness directive (AD), warning operators about a risk of the Airbus A350 hydraulic engine driven pump (EDP) overheating and causing a fire.
Rising fuel expenses, combined with the cost of operating new international routes, were behind Thailand LCC Nok Air’s THB749 million ($22 million) net loss for the 2017 second quarter, narrowed from a THB864 million net loss in 2Q 2016.
Amid intense pressure to find quick solutions for the failing airberlin business, the company’s creditor committee is expected to grant preliminary approval for the sale of Austrian affiliate Niki to Lufthansa at its Aug. 23 meeting.
Since Mehmet Nane became CEO of Pegasus Airlines, Turkey has endured a Russian tourism ban, an attempted coup and terrorist attacks, yet it continues to grow.
British Airways is focusing on its most profitable passengers, with upgrades to Club World cabins and new airport lounges and a first-class center at Heathrow.
The launch of Malaysia-based AirAsia, with just two aircraft operating six domestic routes in early 2002, set in motion a LCC phenomenon that has swept across the region.
Will there be a catastrophic collapse of air services between the European Union and the UK, or “business as normal”? There is uncertainty as Brexit approaches.
Swiss International Air Lines (SWISS) is considering ordering the Airbus A321neoLR to operate on routes from Zurich to long-haul destinations in Africa, SWISS CEO Thomas Klühr told ATW.
