Reading Time: < 1 minute 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 […]

Reading Time: < 1 minute 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, […]

Reading Time: 2 minutes 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 […]

Reading Time: 3 minutes 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 […]

Reading Time: < 1 minute 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 […]

Reading Time: < 1 minute 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 […]

Reading Time: 2 minutes 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 […]

Reading Time: 2 minutes Lufthansa Group’s supervisory board has approved a €1 billion ($1.2 billion) investment to purchase and lease up to 61 aircraft for its LCC subsidiary Eurowings as the bidding process for parts of the insolvent airberlin continues. The funds will be used to acquire up to 41 Airbus A320 family aircraft and 20 Bombardier Dash 8 […]

Reading Time: < 1 minute Qatar Airways announced an order for two Boeing 747-8 freighters and four 777-300ERs, valued at $2.16 billion at list prices. Qatar said the order was a sign of the airline’s continued expansion and contribution to the US economy. The deal adds to the Doha-based carrier’s fleet of nearly 100 Boeing widebody aircraft and its more […]

Reading Time: < 1 minute UK leisure carrier Thomas Cook Airlines will launch Economy PLUS service on its short- and medium-haul flights from Nov. 1. The new product offering includes services such as priority boarding, an increased luggage allowance and complimentary drinks inflight. Economy PLUS will supplement Thomas Cook’s existing Economy fare, giving customers the option to add small, but […]