Kingfisher, unable to secure meaningful investment pledges after a two-year roadshow has this week bowed to the inevitable: cut back aspirations, cut back low cost plans and pump more of that beer mon...
Tony Tyler, director general and chief executive of the International Air Transport Association (IATA) has warned the airline industry of tough times ahead and described the slowdown in the European a...
The row over company strategy between easyJet’s board and Sir Stelios Haji-Ioannou has taken an unexpected turn, with its founder and largest shareholder telling the board yesterday that he “intends t...
Singapore-listed low cost carrier Tiger Airways Holdings said it has signed a deal to buy a 33% equity stake in Indonesia's PT Mandala Airlines. The restructured airline is due to fly soon after the a...
Airbus parent company, European Aeronautic, Defence & Space (EADS) has sought to reassure investors that lenders and leasing companies aren’t retreating from the aircraft financing market. CFO Hans ...
The state-run Indian oil marketing companies (OMCs) have extended Air India’s credit limit by two to three months. The government has guaranteed the limit. Previous Air India was on a cash and carry b...
IATA Premium Traffic Monitor reports June premium traffic up 6.4% with economy traffic up 4.8% year-over-year. However, the aviation body warned that the level and growth rates have fallen back from l...
Airline stocks rose for a second day yesterday, as oil prices fell back below $87 a barrel on concerns about the German economy. This was after oil leapt on Monday following better than expected US fa...
Eastern Express, the first domestic passenger airline in the UAE, will begin operations during the first quarter of 2012 out of Fujairah International Airport. The airline will fly twice daily from Fu...
“What has sovereign debt got to do with Airbus?” – That is what a source at Airbus told us in reply to a question on the future problems of currency fluctuation and funding back in April 2011. Of cour...
The Civil Aviation Safety Authority (CASA) lifted a six-week flying ban on Tiger Airways on Wednesday. The airline’s Australian operations are able to resume at any time after it had demonstrated it c...
The turmoil in the world’s markets has also impacted airline shares, with most falling to lows not seen since 2008. In the US, the NYSE Arca Airline Index fell to its lowest level since December 2009 ...
We're Social