U.S. regional airline SkyWest Airlines has announced the sale of subsidiary ExpressJet Airlines to a joint venture that includes United Airlines. The deal is worth $70 million in cash as well as the joint venture assuming all liabilities of ExpressJet, which has long struggled with profitability. The joint venture, ManaAir,…
Flybe Group has announced that it is in talks for the sale of the airline following a year of revenue loss. The U.K. regional airline has been bombarded by weakening demand and an increase in fuel costs, proving devastating to its bottom line. Earlier this year, Flybe had warned that these…
The Italian Minister of Industry Carlo Calenda confirmed that the mandate of the Special Administrative Council formed to deal with the Alitalia bankruptcy last year has been extended until October, when a final ruling about the three offers presented will be made. Despite first impressions of a quick resolution after…
After the excitement of the Italian general elections was over, the future of Alitalia entered a stage of definitions. The commissioners of the extraordinary administration process decided a few months ago to postpone any ruling about Alitalia's future until the elections passed. The measure was logical and necessary, since moving…
The government of India has announced a plan for the sale of Air India, after an earlier decision to privatize the company. The Indian government announced that will be dividing state-owned Air India into four separate companies, offering at least 51 percent of each entity, as part of a proposed…
