Airlines & Lessors
Nov 15, 2016
India’s Jet Airways Group recorded a net profit of INR850 million ($12.7 million) for the second quarter of the airline’s 2017 financial year, up 2.4% from INR830 million in the year-ago quarter.
Nov 15, 2016
Financial services firm Berkshire Hathaway has reversed course and made a $1.3 billion investment in three US airlines, not including an undisclosed investment in a fourth, regulatory documents show.
Nov 15, 2016
UK low-cost carrier (LCC) easyJet is expecting to finalize plans for a European air operator’s certificate (AOC) by early 2017.
Nov 15, 2016
UK low-cost carrier (LCC) easyJet reported a full-year net profit of £427 million ($534.7 million), down 22% from a £548 million profit in the prior year.
Nov 14, 2016
Aegean Airlines reported a third-quarter net income of €74.9 million ($84 million), up 11.6% from €67.1 million in 3Q 2015.
Mar 09, 2021
The revival of collapsed Indian airline Jet Airways has been dealt a setback by a government decision that the airline cannot automatically reclaim its previous slots.
Mar 08, 2021
The ULCC said it plans to use a portion of the funds raised from the share sale to pay off a $45 million loan accepted under the CARES Act in 2020.
Mar 08, 2021
American Airlines announced plans to mortgage its frequent-flier program to pay off a $7.5 billion government loan accepted in 2020 as part of the CARES Act.
Mar 08, 2021
German leisure carrier confirmed it is in talks for more financing, now that a return of demand appears to be delayed further.
Mar 08, 2021
Canadian airlines have been in limbo for a year as stringent travel restrictions and a lack of government aid have hindered what little recovery there could have been in market demand.
Mar 08, 2021
Administrators acting for defunct UK regional carrier Flybe are continuing to finalize the sale of the business to Cyrus Capital Partners affiliate Thyme Opco Limited.
Mar 08, 2021
Singapore Airlines will become the first airline to trial the IATA Travel Pass mobile application in a pilot program involving passengers traveling one-way from Singapore (SIN) to London (LHR) from March 15-28.
Mar 08, 2021
Eurowings hopes to strengthen its position at Berlin Brandenburg (BER) with the launch of a new base and plans to enter the British leisure market for the first time in response to what the carrier describes as “holiday fever” in the UK.