Airlines & Lessors
Nov 30, 2016
Hainan Airlines’ low-cost subsidiary Lucky Air plans to launch a low-cost carrier (LCC) in the Sichuan Province capital of Chengdu in an effort to explore the market potential of Southwest China.
Nov 30, 2016
Russia’s Aeroflot Group has reported a net profit of RUB43.8 billion ($693.5 million) for the first nine months of 2016 to Sept. 30, up significantly from RUB1.8 billion in the year-ago period.
Nov 29, 2016
Russian airlines carried 7.7 million passengers in October, up 4% year-over-year (YOY), according to Russia’s Federal Air Transport Agency, Rosaviatsia.
Nov 29, 2016
Chinese carriers have accelerated their international expansion pace as outbound travel continues to grow.
Nov 29, 2016
Elaine Chao, former US Department of Labor Secretary under President George W. Bush, is US President-elect Donald Trump’s pick for Secretary of the US Department of Transportation (DOT). The position will require US Senate confirmation.
Mar 16, 2021
U.S. airlines are seeing an elongation of the booking curve, a sign that air travel may finally be starting to return to something resembling normalcy.
Mar 16, 2021
LATAM Airlines Group aims to exit Chapter 11 bankruptcy by the end of 2021 and believes its restructuring process will improve the company’s competitive position going forward, particularly in key markets such as Colombia.
Mar 16, 2021
Virgin Atlantic has taken a further step to bolster its liquidity as it awaits the hoped-for return of passengers later this year.
Mar 16, 2021
U.S.-based low-cost airline investor Indigo Partners has sold half of its remaining shares in Wizz Air.
Mar 16, 2021
Privately owned Nigerian carrier Azman Air has suspended operations pending a safety audit, just as it was about to introduce its first Airbus A340-600.
Mar 16, 2021
Two months after Norwegian Air Shuttle ended transatlantic flying to focus on routes closer to home, a new Norway-based airline has unveiled plans to enter the low-cost long-haul market.
Mar 15, 2021
JetBlue Airways believes its new partnership with American Airlines will create flexibility to utilize more airport slots that were previously not available to the airline.
Mar 15, 2021
German transport-finance specialist DVB Bank has agreed to sell its entire aviation investment and asset management business to joint venture partners Strategic Value Partners Global (SVPGlobal) and EnTrust Global’s Blue Sky Aviation.