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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
U.K. operator Thomas Cook Airlines is up for sale, either in part or as a whole, as Thomas Cook Group PLC seeks to “enhance value to shareholders and intensify our strategic focus.” The airline of one of the world’s best-known travel brands is up for sale as its parent company seeks to reduce its debt […]
