Airlines & Lessors
May 06, 2019
Italy’s government said railway company Ferrovie dello Stato (FS) now has until June 15 to present a plan for the relaunch of bankrupt airline Alitalia, in the latest deadline extension in a long-running rescue process.
May 03, 2019
Air France-KLM reported a first-quarter net loss of €320 million ($358 million), widened from a €269 loss in the 2018 quarter, and the group’s CEO said investors will receive a strategy update later this year.
May 03, 2019
The deadline for presenting a new industrial plan for Alitalia will be extended until late May, a senior airline executive said this week, explaining there was “still one investor missing” from the consortium looking to rescue the Italian flagship carrier.
May 02, 2019
Atlas Air Worldwide Holdings (AAW) posted a 2019 first-quarter adjusted net income of $27.3 million, a 15% increase year-over-year. Volumes increased 16% to 77,061 block hours, while revenue grew 15% to $679.7 million.
May 02, 2019
China Eastern Airlines posted a 2019 first-quarter net income of CNY2 billion ($298 million), a 1.2% increase from CNY1.9 billion in the year-ago quarter.
Nov 29, 2022
Namibia shows how air service can be restored when conditions are right, even without a national carrier.
Nov 29, 2022
The UK LCC's fiscal 2022 results show what the airline terms “a record bounce back” during the summer and a much-reduced annual loss.
Nov 29, 2022
Earlier in November, six Nigerian airlines obtained a temporary injunction against the government’s plan to set up Nigeria Air.
Nov 29, 2022
The departure of founding CEO Tonje Wikstrom Frislid follows a turbulent period for Oslo-based Flyr, which has disclosed it is facing a “very strained financial situation."
Nov 29, 2022
ATR says the Pratt & Whitney Canada PW127XT offers a 20% reduction in maintenance costs and a 3% improvement in fuel consumption over the PW127M.
Nov 29, 2022
The carrier plans to serve an initial three domestic destinations from Kuala Lumpur.
Nov 29, 2022
The Chile-based airline group already operates carriers in three South American countries.
Nov 29, 2022
Singapore Airlines will take a 25.1% stake in Air India as part of the deal.