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Alitalia Receives “Non-binding Expression of Interest” from Football Club Owner
Italian media reported this week that the government authority overseeing the future of Alitalia has received a ‘”reserved” purchase offer for the airline from Claudio Lotito, the multi-millionaire owner and chairman of Italian football club Lazio. The bid is a challenge to an existing offer involving Delta Air Lines and Italian rail corporation Ferrovie Dello […]
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U.S. Congress Seeks Answers From Boeing on 737 MAX: ‘What They Knew, When They Knew It’
The ongoing investigation by the U.S. House Transportation and Infrastructure Committee into the two crashes involving the now grounded Boeing 737 MAX aircraft is in receipt of information that the manufacturer knew of a faulty safety alert light when deliveries began to airlines in 2017. Congressman Rick Larsen Chair of the Aviation Subcommittee advised on […]
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Flybe CEO Christine Ourmieres-Widener Resigns After Airline’s ‘Difficult Time’
Christine Ourmieres-Widener, the CEO of U.K. regional airline Flybe, has announced that she will leave the airline on July 15 after overseeing Flybe’s sale to a consortium which includes Virgin Atlantic and Stobart Air. Ourmieres-Widener has been in the role since January 2017 after holding senior leadership positions at CityJet and Air France. Prior to […]
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Brexit Uncertainty Hits European Aviation as easyJet Reports Record Loss and Thomas Cook Troubles Intensify
U.K. low-cost carrier easyJet has announced a record $352 million headline loss before tax for the first six months of its financial year. According to the airline’s chief executive officer, Johan Lundgren, the half-yearly result is “in line with expectations” as the reporting period encompasses the traditionally off-peak northern winter schedule and does not include […]
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IAG Reports Q1 Profit Result Despite Rising Costs and Challenging Winter
IAG (International Airlines Group), the parent company of Europe’s British Airways, Iberia, Vueling and Aer Lingus, on Friday reported a $152 million profit for the first quarter of 2019. Though the result is down in comparison to 2018, it is seen as a positive result considering the group’s competitors, AirFrance-KLM, Lufthansa and easyJet have all […]
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SAS Reaches Collective Agreement With Pilots After Week-long Flight Disruption
Scandinavian carrier SAS reached an agreement with its pilot group this week ending a strike which lasted seven days resulting in the cancellation of over 4,000 flights. The airline announced the end of the industrial action at a press conference on Thursday evening bringing relief to its customers, 360,000 of whom had been disrupted by […]
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SAS Cancels Thousands of Flights as Pilot Strike Continues
Scandinavian airline SAS has been forced to cancel flights on Monday and Tuesday as a pilot strike by Swedish, Danish and Norwegian pilot unions continues to disrupt flight operations. In a statement to passengers, the airline said: “We deeply regret that our customers are affected by the ongoing pilot strike when SAS now cancels flights […]
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Air India Close to Defaulting on Loans for Aircraft Purchases
The Indian aviation market faces more turmoil as state-owned carrier Air India is potentially about to default on just over $1 billion in loans due this financial year which were used for the purchase of aircraft. The news comes in the same week as Jet Airways ceased flight operations after a failure to secure investment […]
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Jet Airways ‘Compelled to Cancel’ All Flights After Failure to Secure Funding
India’s beleaguered carrier Jet Airways issued a statement on Wednesday suspending all flight operations. The airline, which had cancelled all international and some domestic services from last week and was left with only five aircraft in service, advised that the State Bank of India (SBI)representing a consortium of Indian lenders was “unable to consider its […]
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Co-Owner of Oneworld Member S7 Airlines Killed in Private Jet Crash
The co-owner and major shareholder of Russia’s S7 AirSpace Corporation (formerly the S7 Group), the parent company of oneworld alliance member S7 Airlines, has been killed in a private jet crash in Germany. Natalia Fileva was one of two passengers in a single-engine, six-seater Epic LT aircraft which crashed on Sunday afternoon as it approached […]