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.
An 8.8% year-over-year (YOY) rise in November global air freight traffic continued the momentum toward making 2017 the best year for the air cargo sector since 2010, according to IATA’s November Air Freight Market Analysis, released Jan 10.
Fast-expanding BOC Aviation took delivery of 74 aircraft in 2017 and added a further 48 to a pipeline of future acquisitions stretching to 2021, MD and CEO Robert Martin said in an operational update.
Delta Air Lines believes it can overcome a 30% year-over-year (YOY) increase in fuel prices by growing revenue and controlling non-fuel costs in 2018, executives said.
Austria-based airberlin subsidiary NIKI CEO Oliver Lackmann confirmed he will step down by the end of February as the deal with International Airlines Group (IAG) hits a snag.
The AirAsia Group plans to launch an initial public offering (IPO) for shares in its Indian joint venture, part of the parent group’s efforts to seek new investors and monetize its holdings in various units.
Ethiopian Cargo and Logistics Services has signed an agreement with lessor GECAS to take the first two Boeing 737-800SF freighters to be converted by Miami, Florida-based Aeronautical Engineers Inc. (AEI).
American Airlines provided upbeat guidance for the upcoming release of its fourth quarter 2017 results, projecting higher unit revenue growth than previously projected.
Alitalia’s special administrators are set to choose the successful bidder with whom they want to begin exclusive negotiations about the bankrupt airline’s future within days, Italy’s economic development minister said.
Icelandair Group has simplified its organizational structure, dividing the company into two areas: international flight operations and equity investments.
El Al Israel Airlines has confirmed it will discontinue its UP budget brand as the company revises its European market business to implement a new economy fare-structure system on European El Al mainline flights.
Santiago-based LATAM Airlines Group plans to revive domestic capacity growth in its Spanish-speaking country (SSC) affiliates in 2018, projecting a 6%-8% rise in ASK growth for the sector following a [0%] halt in capacity growth during 2017.
Following the December 2017 launch of eight international routes and subsequent indications of improving yields, Mexico City-based ultra LCC Volaris increased its profit guidance for fourth-quarter 2017 to 27%-29%, the airline said Jan. 5.
