Alaska Air Group cited gaining a strong foothold in California as the primary driver in its proposed $4 billion acquisition of San Francisco-based Virgin America, which the Seattle-based carrier said gives it the opportunity to become the leading domestic-services airline on the US West Coast.
Alaska Airlines and Virgin America announced plans to merge in a $4 billion deal unanimously approved by each company’s board of directors but still needs US regulatory approval.
Former EVA Air chairman Steven Lin has been reinstated as chairman after K.W. Chang was removed during an extraordinary meeting of the Taiwanese airline’s governing board.
Philippine-based low-cost carrier (LCC) Cebu Pacific Air reported a PHP4.4 billion ($93.6 million) net profit in 2015, a fivefold increase over a PHP85.3 million net profit in 2014.
Less than 18 months after taking control of UK carrier Monarch Airlines, its new owner is exploring strategic options for the London Luton Airport-based leisure operator.
São Paulo-based low-cost carrier GOL reported a net loss of BRL4.29 billion ($1.1 billion) in 2015, more than doubling its BRL1.12 billion net loss in 2014.
The latest airport passenger traffic and aircraft movements for 173 airports worldwide - current through March 30, 2016 - presented in monthly and year-to-date figures.
Brazilian regulatory agency Conselho Administrativo de Defesa Econômica (CADE) has rejected United Parcel Service’s (UPS) appeal of CADE’s approval of the FedEx Corp.-TNT Express merger.
Virgin America, which started operations out of San Francisco in 2007, is reportedly in talks to sell itself to either Alaska Air Group or US independent JetBlue Airways.
As released by the US Federal Aviation Administration (FAA) on March 25,2016, a comprehensive list of unmanned aircraft system (UAS) sightings reported to the FAA by commercial passenger and air cargo carriers from Nov.13, 2014 through Jan. 31, 2016.
Azul Brazilian Airlines has acquired $90 million in convertible bonds in TAP Portugal, the equivalent of 40% of the economic value of TAP Portugal, spokesperson Isabela Palma told ATW.
Indianapolis-based Republic Airways Holdings, the parent company of regional carriers Republic Airlines and Shuttle America, has reached an agreement with Delta Air Lines to “holistically restructure the parties’ codeshare relationship.”
El Al Israel Airlines posted a $106.5 million net profit for 2015, reversing a 2014 net loss of $28 million as passenger numbers increased 7.6% over the year.
German investor Intro Aviation—which acquired Irish regional CityJet and its Belgium-based subsidiary VLM in April 2014—has sold CityJet following a successful turnaround program to CityJet founder Pat Byrne and a consortium of private investors.
