Mongolian domestic carrier Hunnu Air signed a lease agreement with CDB Aviation, the European subsidiary of China Development Bank Financial Leasing, for four Embraer E190s.
Ryanair CEO Michael O’Leary stands to make almost €100 million ($117 million) in bonuses if he can either double the LCC’s profit figures or its share price within five years.
Icelandair Group, which includes domestic operator Air Iceland Connect, capacity provider Loftleidir and several tourism-related subsidiaries, recorded a 2018 net loss of $55.6 million, reversed from a net profit of $37.5 million in 2017.
UK regional carrier Flybe has told shareholders it had to sell off its operating companies, or face administration, adding that the empty holding company will wind up if shareholders do not back Connect Airways’ takeover offer.
Ernst Göhner Foundation, which owns approximately 46% of Swiss freight-forwarder Panalpina, has rejected a Panalpina takeover approach from Danish freight-forwarder DSV.
India’s Jet Airways confirms it has been forced to ground four aircraft because of defaults on lessor payments, as the airline continues to work on a bailout plan.
Latvian carrier airBaltic has appointed New York-headquartered investment bank Greenhill to advise on financing possibilities, which would be used to begin firming 30 Airbus A220 options by mid-2020.
Executives at All Nippon Airways Holdings (ANA HD) and Philippine Airlines (PAL) began their new strategic partnership Friday after completing signing ceremonies in Tokyo.
The German Federal Cartel Office has approved the purchase of shares in Romania’s LCC Blue Air by Berlin-based logistics group Zeitfracht in an expansion bid.
Spanish charter and wet-lease carrier Wamos Air has been operating flights from the UK on behalf of Turkmenistan Airlines, which was recently suspended from flying to and from the European Union (EU) for safety reasons.
UK LCC easyJet has detailed the steps it has taken to Brexit-proof its operations and says it has a plan in place to ensure it meets European Union (EU) ownership and control regulations, regardless of whether or not airlines are given an adjustment period after the UK departs the bloc.
LCC Norwegian will slash capacity and divest 13 additional aircraft this year in a bid to stem losses, which widened to NOK3 billion ($350 million) in the 2018 fourth quarter from NOK713 million in the year-ago period.
Emirates Airline chief digital and transformation officer Christoph Mueller has resigned from the airline and plans to return to Europe, the group said Feb. 7.
Boosted by higher fare and ancillary revenue, Fort Lauderdale-based Spirit Airlines posted a fourth-quarter (4Q) net profit of $92 million and saw revenue increase for the period, despite higher fuel and personnel costs.
Lufthansa Group subsidiary Austrian Airlines will wet lease two Bombardier CRJ900s from Slovenia-based Adria Airways from March 31 to secure and stabilize operations for the summer 2019 season.
LCC Norwegian plans to raise $26 million in fresh liquidity from the sale of two Airbus 320neos and is moving to a paid model for faster inflight connectivity.
Austrian Airlines has sold its remaining 8.31% stake in Brisbane, Australia-based charter and regional carrier Alliance Airlines, according to a notice to the Australian Securities and Exchange Commission, dated Feb. 1.
German leisure carrier Germania filed for bankruptcy Feb. 4 and halted flight operations the same evening following months of increasing financial difficulties.
