Reading Time: < 1 minute Oman Air is looking to grow flights into India, but the carrier’s plans don’t include buying any stakes in airling Air India. CEO Paul Gregorowitsch said the Gulf’s history with buying stakes in legacy airlines hasn’t born fruit. “As a businessman, you are far more eager to participate with a profit-making airline and not having […]
Reading Time: 2 minutes UK-based low-cost carrier (LCC) easyJet reported a strong balance sheet with net cash of £426 million ($553 million) as of June 30. As a result, easyJet raised its profit guidance and expects its pretax headline profit for the full-year to reach £380–£420 million, compared with the £365 million analysts predicted. However, the LCC warned low […]
Reading Time: 2 minutes Lufthansa is launching seven new winter destinations starting at the end of October: Pamplona, Genoa, Bari and Catania are the new destinations available from Frankfurt. The offer from Munich will be extended to include Nantes, Glasgow and Santiago de Compostela as further attractive city connections. Pamplona is on the Lufthansa flight schedule for the first […]
Reading Time: < 1 minute Italy’s Alitalia has received around 10 non-binding offers for total or partial take-over, including from UAE national carrier Etihad Airways and budget airline Ryanair. The deadline for the loss-making company to receive non-binding offers was 6:00 pm local time (1600 GMT). Alitalia, which has struggled to compete with low-cost rivals including Ryanair, went into administration […]
Reading Time: < 1 minute Low-cost carrier (LCC) Wizz Air has reported a 31% rise in maintenance costs, to EUR 27m, for Q1 2017/18. The Budapest-based airline says most of the rise was due to a larger fleet, which increased by 13 aircraft from the year-before period. By 2020 it expects to operate 120 Airbus narrowbodies, including A320neos and A321neos, […]
Reading Time: 2 minutes Air France presents its new airline, Joon, which will start operating medium-haul flights from Paris-Charles de Gaulle this autumn, followed by long-haul flights in summer 2018. Joon is especially aimed at a young working clientele, the millennials (18 to 35 year-olds), whose lifestyles revolve around digital technology. This new brand has been entirely designed to […]
Reading Time: 2 minutes To increase geographical presence, decrease competition, accelerate expansion – just a few reasons why companies choose business acquisition as an inorganic mode of expansion. With yearly worth of worldwide mergers and acquisitions topping €41 billion it’s only natural that increasing number of deals has been recorded and anticipated in the aviation industry as well. With […]
Reading Time: < 1 minute Air travel is no longer a luxury commodity – on the contrary, it proves to be as indispensable to everyday life as medicine or telecommunications. Apart from occupying a pivotal role in the social development, aviation also brings enormous benefits to modern economies by unlocking their potential for more profitable trade and tourism. Without a […]
Reading Time: < 1 minute Iran has failed so far to fully settle the financing issue of the purchased planes from Airbus and ATR, Ali Abedzadeh, Iran’s deputy minister of roads and urban development, said. Both plane makers have announced readiness to finance some of the aircraft, Abedzadeh, who heads Iran Civil Aviation Organization, said, Tasnim news agency reported July […]
Reading Time: < 1 minute UK low-cost carrier easyJet has announced that Carolyn McCall will step down as CEO around the end of 2017 to lead UK television company ITV. The airline said McCall will continue with her existing responsibilities; the search for her successor is already underway. “This was a really difficult decision for me to make,” McCall said. […]