News

Air Austral Strives to Restore Its Prospects As It Submits a Restructuring Plan to the European Commission

The rescue Air Austral — a French airline based in the country’s Indian Ocean territory of Réunion — will not go through a merger with Corsair, also in great financial difficulty after the health crisis, and strongly defended by the French government but fiercely rejected by the elected representatives of the Reunion regional council. The […]

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ITA Airways Heading Towards Privatization

In recent days, consultants from the Italian government’s ministry have been sorting out draft contracts for the final sale of Italy’s national airline, ITA Airways. As already known, it had been announced on Aug. 31 that it had been chosen by the Italian government to go ahead with an exclusive negotiation with the consortium formed […]

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Air Canada Orders 30 Electric Regional Aircraft

Air Canada announced the signing of an agreement with Heart Aerospace of Sweden for the purchase of 30 ES-30 electric-hybrid aircraft. The battery-powered aircraft is currently under development and is expected to enter into service in 2028. With zero emissions and an expected charging time of 30  to 50 minutes, the ES-30 would be deployed […]

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Hit By Russian Airspace Closure, Finnair Unveils New Profitability Strategy

Finnair will introduce a new corporate strategy aimed at restoring profitability, the Finnish airline said in a statement today. According to the text, “the weight of the different markets in the business is changing,” requiring a major structural overhaul to maintain competitiveness. “Our operating environment has changed dramatically this year in the wake of the war […]

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Garuda, Citilink To Double Number of Airplanes by End of Year

Garuda Indonesia is rumored to be increasing the number of new aircraft in line with public interest for travel in and around Indonesia. Garuda Indonesia Director Irfan Setiaputra stated that the airline is targeting to increase the number of aircraft in its fleet from 61 to 120 by the end of the year. He said […]

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Ethiopian Airlines Records Higher Profits, Expands Presence in Middle East

Ethiopian Airlines reported 79 percent revenue growth for its fiscal year that ended on July 30. According to Mamo Mihretu, the CEO of Ethiopian Investment Holdings, in a tweet, the state-owned airline recorded $5 billion in revenue this fiscal year, a growth of 79% over last year. Additionally, profits rose 90 percent to $937 million, […]

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The First Passenger Flight With an Electric Aircraft in Iceland

Last week Icelandair, Iceland’s national airline, made the first flight in Iceland operated by an electric aircraft. Participating in this event as the first passengers to fly on the 100% electric aircraft were the President and Prime Minister of Iceland. The aircraft used was a Pipistrel Velis Electro, license plate TF-KWH, from the Slovenian manufacturing […]

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Allegiant and Viva Aerobus Submit New Joint Venture Proposal to DOT

Allegiant and Viva Aerobus have submitted to the U.S. Department of Transportation (DOT) under Docket DOT-OST-2021-0152, a new proposal to expedite the approval of their cross-border Joint Venture. The two airlines are requesting expedited JV approval by the fall and to begin their partnership by the first half of 2023. Both airlines will start new […]

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