Tag: bizav

Thomas Cook to Launch Spanish Subsidiary in Mallorca

Thomas Cook Group Airlines has announced that it has applied for a Spanish Air Operator’s Certificate (AOC) for a new Mallorca based airline and plans to launch its new airline, Thomas Cook Airlines Balearics, from spring 2018. “With our new airline, we are able to counter seasonal fluctuations, plan more cheaply and offer our customers […]

Russia’s Nordavia and Red Wings Announced a Merger

The shareholders of Russian airlines Nordavia and Red Wings have approved a merger of the two companies and started preparations for consolidation under common management, Nordavia said in a statement on Monday. This reported by PRIME. “We plan to create an airline holding with a united management company on the basis of Nordavia and Red […]

Lufthansa Submits €500m Bid for Ailing Alitalia

According to Italian newspaper Corriere della Sera, the German airline Lufthansa has offered €500 million (US$590) for the ailing Italian flag-carrying airline, Alitalia. It is understood that the offer is for the planes, airport runway slots, and air crew. However, it is believed that Lufthansa’s intention will be to reduce the 12,000-strong workforce by half, […]

Rome Extends €300mn in Added Funding to Alitalia

The Italian government has extended a further EUR300 million (USD354.64 million) in funding to bankrupt Alitalia and its Alitalia CityLiner unit. An official gazette issued on Friday, October 13, said the funding would add to a EUR600 million euro (USD655 million) bridging loan extended to the carrier in May this year. The due date on […]

Lufthansa Buys Major Portion of Defunct Air Berlin

In what Carsten Spohr, chief executive of Lufthansa, said was a “great day” for his company, Germany’s largest carrier has agreed to purchase the lion’s share of Air Berlin, which filed for bankruptcy protection on August 15. The purchase price of €210m (US$245m) will see Lufthansa looking to acquire 80 of Air Berlin’s 144 aircraft, […]

Gulfstream Excceds G500 and G600 Planned Performance

Gulfstream Aerospace Corp. announced that its long-range Gulfstream G500 and Gulfstream G600 offer even better performance than originally promised. During rigorous flight testing, the all-new aircraft have exceeded expectations, regularly demonstrating capabilities beyond the company’s initial projections. As a result, Gulfstream is announcing new performance standards for both aircraft. Upon entry into service, the G600 […]

Pakistan International Airlines Cancels U.S. Flights

Pakistan International Airlines (PIA) will end its service to the U.S., specifically to New York JFK airport, later this month after 55 years of history. The news was first reported by Gulf News late last week and PIA officially closed reservations for its New York JFK route on October 31, 2017. PIA currently operates 2 […]

Boeing Provided Monarch With $130m Bailout In 2016

Boeing  reportedly injected GBP100 million (USD131 million) into Monarch Airlines  last year as part of a bailout that briefly kept the airline operational, reports The Financial Times. However, the cash payments, which were paid over a period of six months from October 2016 into Monarch’s holding company, the Jersey-based Petrol Jersey Limited, weren’t enough to […]

Embraer Receives Firm Order For 20 E-Jets From SkyWest

Embraer has received a firm order from SkyWest for 20 E-Jets. The order has a value of US$914m, based on current list prices, and will be included in Embraer’s 2017 third-quarter backlog. Combined with last month’s announcement for 25 new aircraft, this latest order results in a cumulative order of 45 new aircraft placed by […]

Air Berlin Set To Axe Alitalia Wet-Lease

As part of the ongoing rationalization of its operations, Air Berlin will shortly discontinue a wet-lease agreement with fellow Etihad Airways equity partner Alitalia. At present, the bankrupt Italian carrier operates two A320-200s – EI-DSX (msn 3643) and EI-DSZ (msn 3695) – for the bankrupt German carrier on flights from Berlin Tegel to each of […]