Airlines & Lessors
Apr 04, 2016
Malaysia-based long-haul, low-cost carrier (LCC) AirAsia will issue 559 million new shares, which will be taken by holdings of original airline founders Tony Fernandes and Kamaruddin Meranun.
Apr 04, 2016
After what Alaska Air Group CEO Brad Tilden described as a “hard fought competition”, his company walked away with the $4 billion prize – a rare…
Apr 04, 2016
Alaska Air Group cited gaining a strong foothold in California as the primary driver in its proposed $4 billion acquisition of San Francisco-based Virgin America, which the Seattle-based carrier said gives it the opportunity to become the leading domestic-services airline on the US West Coast.
Apr 04, 2016
China Eastern Airlines reported a net profit of CNY4.54 billion ($64 million) in 2015, up 33% compared to net income of CNY3.42 billion in 2014.
Apr 04, 2016
Alaska Airlines and Virgin America announced plans to merge in a $4 billion deal unanimously approved by each company’s board of directors but still needs US regulatory approval.
Oct 07, 2020
German leisure carrier Condor is preparing to exit “protective shield proceedings” in November, following the liquidation of its former parent company Thomas Cook Group in September 2019.
Oct 07, 2020
Nigerian startup Green Africa Airways has made further progress with its financing and is aiming to begin ticket sales in early 2021.
Oct 06, 2020
The world’s airlines stand to burn through $77 billion in the second half of 2020 and are not expected to become cash positive until 2022, IATA said Oct. 6 in a grim update on the financial outlook for the industry.
Oct 06, 2020
Two UK regional airlines have signed a codeshare agreement, taking another step to fill some of the gaping holes in the country’s domestic connectivity left by the collapse of Flybe in March.
Oct 06, 2020
Southwest Airlines will seek a round of pay cuts from its labor unions as part of a push to reduce costs enough to avoid involuntary furloughs through the end of 2021.
Oct 06, 2020
Boeing’s updated commercial forecast sees customers taking 11% fewer new deliveries in the next decade than it projected a year ago as the industry slowly emerges from the demand crisis created by the novel coronavirus pandemic.
Oct 06, 2020
South African Airways Technical (SAAT) has agreed to resume maintenance work for South African Airways (SAA) and its LCC operation Mango Airlines after suspending services because of non-payment.
Oct 06, 2020
AirAsia X is negotiating to restructure its debt obligations as a prerequisite to seeking the equity it needs to survive and resume operations.