German budget carrier DBA has bought back the majority shareholding in the airline acquired by wet-lease specialist Germania’s owner, apparently after the two sides disagreed about DBA’s future operation. Germania owner Hinrich Bischoff took 64% of DBA in March under a co-operation agreement that also involved DBA’s leasing of 12 Fokker 100 aircraft, effectively absorbing the operations of low-fare carrier Germania Express.
Source: Flight International
Thai Airways International expects to wrap up its restructuring this year, capping off close to four years of business rehabilitation amid the Covid-19 pandemic.
Spirit AeroSystems chief executive Patrick Shanahan believes the company will remain a partner to Airbus even as Boeing negotiates a potential acquisition of the aerostructures firm.
Cebu Pacific saw its first-quarter profit double as a jump in revenue – driven by strong passenger travel demand – outpaced an increase in costs.
