Bankrupt Aerosvit to restructure
Bankrupt Ukrainian carrier Aerosvit has initiated a restructuring plan that will involve rival Ukraine International Airlines (UIA) taking over some 30 international routes. If it survives bankruptcy,...
Bankrupt Ukrainian carrier Aerosvit has initiated a restructuring plan that will involve rival Ukraine International Airlines (UIA) taking over some 30 international routes. If it survives bankruptcy,...
Heathrow Ltd (formerly known as BAA) has reported 11.6% increase in earnings before interest, tax, depreciation and amortisation to £1.26 billion with revenue of £2.64billion. Profits have been driven...
Reports are emerging that Korean Airlines is considering purchasing a 44% stake in CSA Czech Airlines. Previous potential investors in CSA Czech Airlines mooted include Qatar Airways. ...
Norwegian (NAS) has reported a pre-tax profit of 623million NOK, an improvement of 457million NOK compared to the previous year. The company’s total fourth quarter revenues was 3.1billion NOK, up 22% ...
The International Air Transport Association (IATA) has warned Kingfisher Airlines that its membership will be terminated if the airline fails to resume operations. Kingfisher’s IATA Operational Safet...
United Airlines and the International Association of Machinists and Aerospace Workers union have reached tentative agreements on new contracts covering 32,500 workers. The agreements provide retroacti...
Oracle CEO Larry Ellison is rumored to be buying Island Air, a small airline that specializes in interisland flights in Hawaii. Island Air has confirmed a sale is in process but hasn't announced the b...
JetBlue Airways preliminary traffic results for January 2013 show traffic increased 11.2% from January 2012, on a capacity increase of 9.9%. Load factor for January 2013 was 81.7%, an increase of 1.0 ...
Some 20.19% of Aeroméxico, previously owned by an affiliate of Banco Nacional de Mexico (Banamex) has been acquired by a group of Mexican investors led by Eduardo Tricio and Valentín Díez-Morodo. The...
Reports are emerging that the merger between AMR Corporation, parent of American Airlines, and US Airways has been approved by AMR’s board. As reported her earlier this week, the transaction will give...
El Al is planning to lay off some 200 temporary employees as part of its drive to reduce costs. El Al employs about 5,800 people, some 2,000 are temporary workers. The airline will hold talks with the...
Reports are emerging that Bahrain Air failed to transfer passenger fee revenues to the government regularly and had accumulated debt of more than BD2 and a fuel debt of BD15m among others. The airline...
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