Korean Air parent mulls buying stake in Asiana Airlines
Korean Air (KE, Seoul Incheon) parent Hanjin KAL revealed on Friday, November 13, that it was considering the acquisition of… Read More »
Tahiti’s FLY CORALway secures its ATL
FLY CORALway (Papeete) has secured its Air Transport Licence (ATL) from the French Polynesian government. A statement issued by the… Read More »
PNG gov’t to inject $28.6mn to transform Air Niugini
Papua New Guinea’s government is to invest PGK100 million kina (USD28.6 million) in the restructuring of state-owned Air Niugini (PX,… Read More »
Former PIA managers in corruption, embezzlement scandal
A state probe into PIA – Pakistan International Airlines (PK, Islamabad Quaid-e-Azam Int’l) has revealed embezzlement and corruption worth billions… Read More »
Cash-strapped Zambia proceeds with presidential jet order
Despite the country teetering on the brink of bankruptcy, Zambia is to go ahead with the purchase of a new… Read More »
Havana, Cuba reopens in time for high season
Cuba’s Havana Int’l airport is to re-open to regular commercial flights on November 15 after being closed for seven and… Read More »
Virgin Australia shares cleared for transfer to Bain
The sale of Virgin Australia Holdings to Bain Capital took another step forward on November 10 when the Federal Court… Read More »
Canada’s Porter Airlines postpones restart to mid-1Q21
Canadian regional carrier Porter Airlines (PD, Toronto City Centre) has postponed its restart date again, this time to February 11,… Read More »
Brussels Airlines to speed up restructuring in time for 2021
Brussels Airlines (SN, Brussels National) will accelerate its restructuring efforts under the Reboot Plus moniker, which will now be 90%… Read More »
Lufthansa issues €600mn bonds, saves €200mn in staff costs
Lufthansa (LH, Frankfurt Int’l) launched an offering of senior unsecured convertible bonds on November 10 for EUR525 million euros (USD618… Read More »
United returns to JFK, ups state loan to $7.16bn
United Airlines (UA, Chicago O’Hare) has announced its intention to return to New York JFK on February 1, 2021, with… Read More »
Interjet investor leaves, tension with Mexican gov’t deepens
Former banker Carlos Cabal Peniche has withdrawn from Interjet (4O, Toluca), together with a USD150 million investment promised in July… Read More »