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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 […]
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Qantas Non-stop London Service Exceeds First Year Operations Expectations
One year after commencing operation of the airline’s longest route, Qantas is heralding the London-Perth service as exceeding expectations. The CEO of the Qantas Group Alan Joyce said on Tuesday that “Almost every flight is full and (the route) turned a profit almost immediately, which is rare for new services because they have start-up costs […]
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Alitalia’s Future Back in Spotlight as easyJet Pulls Out
The future of Italian carrier Alitalia is again under the spotlight as it was announced that easyJet is withdrawing from the process seeking to secure the beleaguered airline’s future. The U.K.-based airline was part of a consortium, which included Delta Air Lines, in discussions with the Italian government’s negotiating partner Ferrovie dello Stato to inject […]
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Ryanair Sun to be Rebranded as Buzz
Ryanair Holdings Group, the parent company of Irish ultra-low-cost carrier Ryanair, is to rebrand its Polish-based subsidiary Ryanair Sun as Buzz. The carrier, which has operated using a Polish Air Operator’s Certificate (AOC) since April 2018, took over from Ryanair’s scheduled Polish operations in September of the same year after initial service as a charter […]
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International Women’s Day Recognized by the Aviation Industry
It has long been acknowledged that aviation has traditionally been a male-dominated industry. A fact recognized by the industry itself which is taking steps to correct the imbalance with a number of initiatives. IATA Director-General Alexandre de Juniac followed the association’s Annual General Meeting in Sydney last year by declaring that the industry had a […]
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Air Canada, WestJet and Air Transat Seek to Adopt Higher Foreign Ownership Limits
Canada’s three major airlines individually announced this month that they would seek shareholder approval to amend their articles of incorporation to increase the limits of foreign ownership. The official announcements by St. Laurent, Quebec-based Air Canada, Calgary-based WestJet and Montreal-based Air Transat follow the passing of the Transportation Modernization Act in May 2018 which raised […]
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Icelandair CEO and CCO Talk Hub Strategy, Financial Position and Boeing’s NMA
Icelandair CEO Bogi Nils Bogason was confirmed into his position in December after replacing former president and CEO Björgólfur Jóhannsson in an interim appointment in August 2018. Since 2010 Bogi Nils had held the position of Chief Financial Officer of the Icelandair Group, a role he had also held from 2004 to 2006 before leaving […]
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Great Dane Airlines to Launch into European Skies in June
The European aviation industry has seen significant consolidation since the liberalization of the market in the 1990s. High profile mergers such as that of Air France and KLM and the acquisition by the Lufthansa group of SWISS, Brussels Airlines and Austrian Airlines have reshaped the industry. The IAG consortium of British Airways, Iberia, Vueling and […]