Europe’s two low-cost giants Ryanair and Wizz Air are in an open conflict over Buzz, a subsidiary of the Ryanair Group, as announced by Ryanair in a statement on Friday. Wizz Air previously filed a lawsuit against Ryanair to block its rival low-cost carrier from using the Buzz brand. The Hungarian LCC alleges that the “Buzz” brand is very similar to its own name “Wizz” Air. Ryanair, Europe’s largest airline group, said that it would appeal against a Hungarian court’s…
Right in the middle of the pandemic, when his airline’s flying activity had been reduced to a few flights per week, some of which were pure cargo, Wizz Air CEO Jozsef Varadi was very bullish about the future of his company. “This crisis will present us with opportunities," Varadi said…
In a trading statement on capacity, fleet & cost structure plans released on Thursday, European low-cost airline easyJet announced that it will look to reduce at least 30 percent of its 15,000 employees in an attempt to battle the financial challenges caused by coronavirus pandemic. The boss of easyJet, CEO Johan…
Adding to its current fleet of only three aircraft, South Korean hopeful Air Premia has announced an order for five Boeing 787-9 Dreamliners to aid in its low-cost ambitions. The airline, who already has a deal with Air Lease Corporation for three Dreamliners, sees the aircraft as necessary for its…
Japanese Low-Cost Carrier, Peach Aviation, is the first Japanese airline to respond to rising tensions between Japan and South Korea. The low-cost carrier based at Kansai Airport in Osaka is suspending and reducing flights between the two neighboring countries. According to Peach, the decision to reduce services to South Korea…
Japanese Low-Cost Carrier, Peach Aviation, is the first Japanese airline to respond to rising tensions between Japan and South Korea. The low-cost carrier based at Kansai Airport in Osaka is suspending and reducing flights between the two neighboring countries. According to Peach, the decision to reduce services to South Korea…
Denver-based Frontier Airlines will be expanding and launching new services out of McCarran International Airport in Las Vegas this coming Fall 2019. The ultra-low-cost carrier which turned 25 on Friday announced seven new year-round destinations from its west coast focus city which will begin rolling out in early September. Furthermore,…
The Lufthansa Group on Monday announced its subsidiary airlines were the next in a long list of carriers from around the world to be adversely affected by the increasing numbers of low-cost carriers. The group announced it expected its margin on earnings before interest and taxes (EBIT) to hover between…
On Thursday, Air Canada announced that it has commenced exclusive talks with fellow Quebec-based Transat A.T. Inc., owner of Air Transat, for a full takeover of the Canadian leisure carrier. The publically proposed transaction is valued at approximately $387.5 million or $13.00 per share, a 23 percent premium to the…
WOW Air ceased operations recently, making it another low-cost transatlantic carrier to essentially shut its doors overnight. WOW air left thousands of passengers stranded without much recourse. Planes are scattered around airports waiting to be repossessed by lenders, including one Airbus A321 in Newark. A few years ago, fueled by…
