The Virgin-led consortium seeking to acquire Flybe has increased its offer by £600,000 ($771,000) and agreed to immediately provide £10 million to improve the UK regional carrier’s liquidity, after it was revealed the conditions for the original bridge loan facility could not be met.
TUI Group’s UK airline has launched an investigation into an incident in which three passengers with paid tickets, seat assignments and boarding passes had to sit on the aircraft floor because their seats did not exist.
Germania told ATW the Berlin-based carrier is in talks with possible investors after announcing Jan. 9 it was considering financing options to ensure its short-term liquidity needs.
US Sen. Ted Cruz (R-Texas) will serve as chairman of the Committee’s subcommittee on Aviation and Space, US Sen. Roger Wicker (R-Mississippi), chairman of the Senate Commerce, Science and Transportation Committee, has announced.
Downward revisions of projected fourth-quarter unit revenues by two US major airlines within a week suggests that strong momentum reported by US carriers during last year’s third and early fourth quarters will be difficult to sustain in 2019.
The South African Civil Aviation Authority (SACAA) has grounded regional carrier CemAir for the second time in two months for what it says is the airline’s failure to provide proof of the airworthiness of its fleet.
UK regional carrier Flybe will be rebranded as Virgin Atlantic under a £2.2 million ($2.81 million) takeover deal announced Jan. 11 by a consortium comprising Virgin Atlantic Ltd, Stobart Group and Cyrus Capital.
Air Dolomiti, a Lufthansa Group subsidiary, is gearing up for further growth as the Italy-based carrier prepares to expand its fleet from 12 to 17 regional aircraft over the next two years and possibly to 26 by 2024.
Air France-KLM has confirmed it will close down Joon, the LCC hybrid sister airline to Air France, and absorb its employees and aircraft into the mainline carrier.
On-time performance in Chinese commercial aviation leapt 8.5 percentage points to 80.1% in 2018, the best result in eight years, the Civil Aviation Administration of China (CAAC) said.
Berlin-based Germania is considering financing options to ensure its short-term liquidity needs in reaction to rising fuel prices, a weakened euro and delays in bringing aircraft into its fleet.
Vietnam’s Bamboo Airways received an air operator’s certificate (AOC) from the Civil Aviation Authority of Vietnam (CAAV) on Jan. 9, a day before the planned unveiling of its first Airbus A321neo.
The Sri Lanka government has appointed a committee to recommend how to restructure SriLankan Airlines, in the latest attempt to revise the strategy of the financially troubled carrier.
Full-year traffic figures released by Air France-KLM show a continued discord between the carriers’ individual performances as the smaller Dutch unit experienced the strongest growth while the French arm’s figures were negatively affected by strikes and anti-government protests.
Bahraini flag carrier Gulf Air intends to pursue a new course as a “boutique carrier” as it tries to carve out a market niche for itself in the increasingly crowded Gulf marketplace.
Hong Kong Airlines is threatening court action against those who create “untrue and groundless” rumors that the carrier is going into liquidation and ceasing operations.
