A senior Spirit Airlines executive defended the ULCC business model on Capitol Hill, telling U.S. lawmakers that Spirit’s low fares empower first-time and infrequent flyers to select air transportation over other forms of travel.
Icelandair Group has taken another step toward disposing its portfolio of hotels, after fulfilling all conditions relating to the sale to Malaysia’s Berjaya Land Berhad.
The European Commission (EC) is rejecting for now demands by the airline industry to suspend slot rules for congested airports, even as the industry struggles with a massive demand reduction in some markets.
Japan Airlines (JAL) will increase the scope of its India network through a significant expansion of its codeshare partnership with Indian full-service carrier Vistara.
The Italian government’s latest loan to Alitalia has come under the scrutiny of the European Commission (EC), to see if it complies with European regulations on state aid.
Tier 2 manufacturer Senior will continue its move away from the U.S. Pacific Northwest and elsewhere and toward locating more work in Asia, as well as continuing to shop the British company’s aerostructures business, executives said Mar. 2.
An aggressive cost cutting exercise could not help Thai Airways avert a chain of unforeseen disruptions as the flag carrier’s net loss for 2019 widened to THB12 billion ($380 million) from THB11.6 billion in 2018.
Jeju Air has signed a deal confirming the purchase of a majority stake in fellow South Korean LCC Eastar Jet at a reduced price than previously estimated.
Safran executives are expressing cautious optimism that any decline in commercial aftermarket demand linked to COVID-19 will be short-lived but acknowledge that it could be sharp.
Delta Air Lines will further ramp-up its presence at Seattle-Tacoma International Airport (SEA), signaling an intention to fight back against the revamped West Coast alliance between American Airlines and Alaska Airlines.
Provincial authorities of Hainan, China are interested in acquiring stakes in the foreign aviation assets of HNA Group, though nationalization of Hainan Airlines remains the focus of talks for rescuing the group, three sources familiar with the discussions said.
Vietnam’s Bamboo Airways will be launching flights to Munich from Ho Chi Minh City and Hanoi starting July 2020, as it begins to study more long-haul operations ahead of its planned flights to the U.S.
Tallinn-based Regional Jet is relaunching itself with a new identity, Xfly, as it seeks to capitalize on the growing requirement for capacity providers in Europe.
Chinese mainland airlines could lose almost CNY100 billion ($14.3 billion) if the coronavirus epidemic lasts 4-5 months, local aviation data company VariFlight said.
