RAK Airways is expanding its route network to Pakistan with flights to Peshawar and Lahore from next month. “The addition of two new routes to our network is an extremely significant development for t...
The International Monetary Fund (IMF), which together with the European Union bailed out Latvia to the tune of €7.5 billion in 2008, revealed that it had not been consulted about Latvia's plans to inj...
Singapore Airlines has said that it is still in the “initial set-up” phase of the plan to launch a new low-cost carrier and was quick to deny local media reports of an April launch date. The new ai...
Deutsche Bank has downgraded Southwest Airlines shares from “Buy” to “Hold” on fears the benefits from the acquisition of AirTran Airways would be more gradual than originally expected. The bank ha...
American Airlines parent AMR Corp. has announced that it has reduced capacity on its winter schedule by 3% compared with a year ago. The airline also plans to retire up to 11 of its 124 757s aircraf...
Pakistan International Airlines (PIA) has been forced to delay and cancel various domestic and international flights due to a shortage of aircraft. Local media reports that only 31 out of 39 aircraft ...
Jet Airways has experienced 20% growth in its UAE operations compared to last year. Ratan Ratnakar, VP - Market Development and Pricing, Gulf and MEA said: “Our UAE operations witnessed a 20% growth b...
Air Canada's flight attendants have voted by a majority of 65% to reject a tentative agreement with the airline and plan to strike from Thursday. Duncan Dee, Air Canada's Executive Vice President and ...
The Moroccan government has agreed to inject €145 million into Royal Air Morocco (RAM) between the years of 2011 and 2016 in support of its €800 million investment and restructuring program. With th...
Emirates has mandated Credit Agricole-CIB (CA-CIB), Commonwealth Bank of Australia, Emirates NBD and National Bank of Abu Dhabi for the commercial financing of two Boeing 777-300ER to be delivered in ...
The Indian finance ministry has turned down Air India’s request seeking letter of comfort (LoC) for increasing the buyers’ credit limit to $288 million from Standard Chartered Bank. The ministry is r...
Jet Airways will begin daily flights from Sharjah to Thiruvananthapuram from October 30. The airline already operates a daily flight from Sharjah to Kochi; this new service is the 10th daily service b...
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