SAA admits it is “technically insolvent”
South African Airways (SAA) has confirmed it is “technically insolvent” and is only surviving thanks to the R14.3 billion ($1.2 billion) of government guarantees. “SAA has been reliant on guarantees f...
South African Airways (SAA) has confirmed it is “technically insolvent” and is only surviving thanks to the R14.3 billion ($1.2 billion) of government guarantees. “SAA has been reliant on guarantees f...
Polish carrier EuroLOT has blocked all bookings beyond March 31 due to ongoing financial problems. EuroLOT is 62.1% state owned, while Towarzystwo Finansowe Silesa – also state owned – holds the remai...
Nepal’s national flag carrier, Nepal Airlines Corporation (NAC) has taken delivery of the first Airbus A320 aircraft sporting a new company livery and equipped with Sharklet fuel saving wing tip devic...
Okay Airways has created Xi’an as its overnight base and has launched two new routes to Krabi and Bangkok following the recent delivery of its first of eight 737-900ERs. Okay plans to operate seven 73...
Virgin Australia has reported a net profit of $11.3 million in the three months to December, and an underlying pre-tax profit of $55.3 million. The airline has a half yearly underlying pre-tax profit ...
Fitch Ratings Indonesia has downgraded PT Garuda Indonesia Tbk's (Garuda) National Long-Term Rating to 'BBB+(idn)' from 'A-(idn)'. The Outlook is revised to Negative from Stable. At the same time, Gar...
JetBlue Airways and Icelandair, the flagship carrier of Iceland, have filed an application with the US Government to enter into a bilateral codeshare partnership that will offer customers easy connect...
Southwest Airlines flew 8.0 billion revenue passenger miles (RPMs) in January 2015, an 8.6% increase from the 7.4 billion RPMs flown in January 2014. Available seat miles (ASMs) increased 10.2% to 10...
Royal Brunei Airlines (RB) has announced a long-term agreement with Ras al-Khaimah Tourism (RAK) to develop the destination with UK consumers. As part of the agreement, RB will working with new and ex...
fastjet operations in Tanzania carried a total of 55,695 passengers in January 2015 and achieved a load factor of 69%. This represents a 78% increase in the number of passengers carried and a 9% incr...
In January, Finnair's overall capacity grew by 2.6% and traffic measured in Revenue Passenger Kilometres grew by 1.2% year‐on‐year. Passenger load factor was 76.5%. The capacity in Asian traffic grew ...
Jota Aviation, the independently-owned specialist UK air charter and management company, is the latest airline to join the European Regions Airline Association (ERA). Based at London Southend Airport,...
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