Latest Airlines news – Page 208
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NewsAirlines ready to play in the Phuket Sandbox
Airlines are poised to ramp up capacity into Phuket, where a quarantine-free Sandbox will open on 1 July.
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NewsKorean Air on track for Asiana acquisition
Korean Air has cleared another milestone in its acquisition of Asiana Airlines, with state-backed Korea Development Bank (KDB) approving the carriers’ integration plan.
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NewsRex eyes fleet of 10 737s by year-end
Australia’s Regional Express is looking to bring its fleet of Boeing 737-800s to 10 examples by the end of the year, as it continues to grow its mainline network.
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NewsVietJet to raise 15% of charter capital and $300m in bonds
VietJet’s shareholders have approved a private shares placement for up to 15% of its charter capital and a $300 million bond offering.
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NewsIAG-Air Europa tie-up faces scrutiny over Spanish route competition
Iberia parent IAG’s planned acquisition of fellow Spanish carrier Air Europa is to face in-depth scrutiny by European regulators concerned over the potential competition effects on Spanish routes. The European Commission is opening a probe into the proposed takeover, which underwent a revision in the wake of the air transport ...
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NewsUnited’s Kirby ‘confident’ borders will soon open
United Airlines says it anticipates transatlantic travel to re-open soon, as governments confer about the safest way to re-initiate cross-border travel after more than 15 months.
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NewsBrussels Airlines to acquire batch of A320neos to replace A319s
Brussels Airlines is to introduce three Airbus A320neos in 2023, following an allocation decision by its shareholders. The Belgian airline currently operates an all-Airbus fleet comprising 30 conventional A319 and A320 twinjets, as well as eight long-haul A330-300s. But it will take three A320neos after Lufthansa Group and SN Airholding ...
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NewsEl Al to consolidate shares and raise authorised capital
Israeli flag-carrier El Al is to seek shareholder approval for a share consolidation and an increase in the company’s authorised capital. El Al is to consolidate its 2.5 billion ordinary shares in a ratio of eight-to-one, bringing the figure down to 312.5 million. The airline will reduce the nominal value ...
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NewsAsiana Airlines issues $97 million corporate bond
South Korea’s Asiana Airlines has raised W110 billion ($97 million) from privately placed corporate bonds.
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NewsGaruda aiming to complete restructuring by year-end
Garuda Indonesia is targeting to complete its restructuring within the year but did not commit to a timeline for the process or further steps to pay off its debts.
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NewsEastar Jet’s new buyer to pay $97 million for 80% stake: report
South Korea’s Eastar Jet has signed an agreement with stalking-horse bidder Sung Jung to acquire an 80% stake in the airline for about W110 billion ($97 million).
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NewsThai AirAsia eyes domestic traffic uptick with Phuket reopening
Thai AirAsia has expressed confidence in the Thai government’s plan to reopen Phuket in July and expects to up its domestic capacity by 30%.
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NewsThai AirAsia X making progress on lease negotiations: advisor
Thai AirAsia X has made further progress with lessors on restructuring lease agreements, after signing its first lease restructuring back in March.
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NewsIcelandic start-up Play details IPO ahead of small growth market listing
Icelandic budget start-up carrier Play is seeking to raise IcKr3.9-4.3 billion ($32-35 million) from an initial public offering, with its shares listing on a small-company stock market. Play is launching its first flights on 24 June, coinciding with the opening of its share subscription period. The offering will comprise two ...
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NewsAsia low-cost chiefs differ on recovery forecasts
Two low-cost carrier chiefs offered different views on how travel in the region might recover from the coronavirus pandemic.
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NewsInvestor Bain Capital backs Icelandair with plan to take 16.6% stake
Investment firm Bain Capital is to take a 16.6% share in Icelandair Group, through the IcKr8.1 billion ($66 million) acquisition of new shares in the company. Bain Capital has entered a binding agreement to subscribe to 5.66 billion new shares. Its acquisition is conditional upon shareholders agreeing to the transaction ...
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NewsIndia’s Alliance Air eyes growth after parent Air India divestment
Indian regional operator Alliance Air is looking to ink more codeshare agreements with other international carriers, as part of its growth strategy following the privatisation of its parent company Air India.
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NewsHelvetic takes delivery of first E195-E2 as it touts fleet flexibility
Swiss carrier Helvetic Airways has become the first airline to take delivery of two variants of Embraer’s E-Jet E2 family, with the handover today of an E195-E2.
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NewsRussian lessor GTLK redistributes repossessed SKOL fleet
Thirty-three of the 35 aircraft and helicopters at the centre of a lease payment dispute involving Russian carrier SKOL have been assigned to new operators. Russian state lessor GTLK is transferring five Let L-410 twin-turboprops, as well as 21 Mil Mi-8 and seven Kazan Ansat helicopters under the new contracts. ...
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NewsCompetition watchdog investigates Rex dumping complaints
Australia’s competition regulator has once again weighed in on the long-standing spat between Regional Express and Qantas, warning that it could “take enforcement action” if an airline is found to be anti-competitive.