Reading Time: < 1 minute Singapore Airlines’ (SIA) regional wing, SilkAir, is to undergo a significant investment programme to upgrade its cabin products as part of a multi-year initiative that will ultimately see it merged into SIA. The programme will comprise investment of more than $100 million to upgrade the wholly owned subsidiary’s cabins with new lie-flat seats in Business […]
Reading Time: < 1 minute Boeing and Embraer have confirmed they are undergoing talks towards a possible merger. The confirmation follows a report that the two companies were in discussion by the Wall Street Journal. “There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions,” […]
Reading Time: < 1 minute 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 […]
Reading Time: < 1 minute Israeli flag carrier El Al is to take control of fellow Israeli airline Israir. The acquisition, which is subject to approval by the country’s antitrust authority, will use El Al charter subsidiary Sun d’Or as the vehicle through which Israir will be acquired. Israir is a privately owned package holiday company that sells accommodation as […]
Reading Time: < 1 minute Emirates President Tim Clark has said the airline’s owners are working bring the airline together with Flydubai under one unit in plans that could bear fruit within the next 18 months. “We are minded to accelerate a greater joining of the hip, of what we do, there’s a lot of work going on there to […]
Reading Time: 2 minutes Airbus Group further integrates by merging its Group structure with its largest division Airbus Commercial Aircraft into a new entity. The Board of Directors of Airbus Group approved a respective proposal by the company’s Chief Executive Officer (CEO) Tom Enders. “Already in July, we launched a transformation programme that is heavily focused on digitalisation of […]