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An Avianca A330 at New York (Photo: AirlineGeeks | Ben Suskind)

Creditors Approve Avianca Brazil’s Recovery Plan

After seven hours of discussion, Avianca Brazil was able to approve its judicial recovery plan in a heated assembly of creditors held this Friday in São Paulo. Of the total creditors, 77 percent voted in favor of Avianca's proposal, which should now be approved by Judge Tiago Limongi of the first Court of Bankruptcy and Judicial Recovery of the city of São Paulo. The plan involves the creation of seven units, which will be sold to pay the company debt.…

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…

Azul Brazilian Airlines Expresses Interest in Avianca Brazil Assets

In a surprising move, the CEO of Azul Brazilian Airlines, John Rodgerson, announced that Azul is interested in buying most of the assets from Avianca Brazil, which is going through bankruptcy protection. The statement came as a surprise because Rodgerson had made previous comments showing no interest in buying Avianca.…

Icelandair CEO and CCO Talk Hub Strategy, Financial Position and…

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…

Etihad to Cancel 42 Airbus A350 Orders

Etihad Airways is currently undergoing a spree of financial difficulties. As part of its efforts to adjust in size and scale in seek of better returns, the airline is rumored to have cancelled its remaining order of 42 A350s. The move was confirmed by Airbus yesterday, according to a FlightGlobal…

Norwegian Releases Shares in Hopes of Long-Term Sustainability

Norwegian’s troubled financial situation is no news; as its rapid transatlantic expansion that set pace for an increasingly dynamic and cost-driven market between North America and Europe is passing the bill with fierce competition, volatile fuel prices and underestimating demand, making its current business structure unsustainable. In an attempt of…

Overcapacity in European Aviation Market Impacts Airline Revenue Per Seat

Low fares are set to continue in the European aviation market as overcapacity over the Winter season has seen Ryanair lower market expectations for 2019 financial results and easyJet report lower per seat revenue. U.K.-based easyJet this week announced first quarter earnings through December 31 of £1.296 billion, up 13.7…

Argentinian Flybondi’s CEO Moves Up…or Steps Down?

In the very same week that it started operating regionally, Flybondi caught Argentina’s commercial aviation market off with shocking news: Julian Cook, founder and frontman, left his position as CEO on December 20, and will be appointed as Vice President of the company board. Argentina’s first low-cost carrier stated that,…

Another European Airline in Financial Trouble?

Trade war tensions with China are rising in the U.S. as President Donald Trump creates new barriers for Chinese trade. While this has been occurring, Cyprus has kept its doors wide open to Chinese investment and trade, with plans to double bilateral trade to more than $1 billion, equivalent to…

Rising Fuel Costs Crashes the Profitability Party

The aviation industry is known for having high costs. Multi-million dollar machines fly across the world carrying passengers seeking a bargain. It’s hard to run a consistently profitable airline when so many factors impact profitability; competitors could be waging a fare war, geopolitical events can be killing demand, or the…