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Former banker Carlos Cabal Peniche has withdrawn from Interjet (4O, Toluca), together with a USD150 million investment promised in July… Read More »
Tashkent gazettes Uzbekistan Airways for privatisation
Uzbekistan Airways (HY, Tashkent Islam Karimov) is to be privatised, along with 620 state-owned companies and properties, as part of the Central… Read More »
Atlas Air, Titan secure $500mn to finance more conversions
Atlas Air Worldwide Holdings and its subsidiary Titan Aviation Holdings have secured USD500 million through two separate financing agreements, they… Read More »
Air Canada trims A220, B737 MAX orders, eyes B767 freighters
Air Canada (AC, Montréal Trudeau) has reached agreements with Airbus (AIB, Toulouse Blagnac) and Boeing (BOE, Chicago O’Hare) to adjust… Read More »
Turkish Airlines postpones $5bn financing to 2024
An agreement between Turkish Airlines (TK, Istanbul New) and Airbus to delay the delivery of new aircraft will see the… Read More »
Libya looks to rejig Airbus order book
The Libyan African Aviation Holding Company (LAAHCO) says Airbus (AIB, Toulouse Blagnac) has agreed to renegotiate its outstanding aircraft order… Read More »
Emirates puts pilots on 12 months leave
Emirates (EK, Dubai Int’l) has asked some pilots to take a year of unpaid leave as it seeks to cut… Read More »
Canada promises bailouts in exchange for refunds
Canada’s COVID-19 battered airlines will have to start refunding passengers before the government will provide them with financial assistance, says… Read More »
Taiwan’s Starlux Airlines granted US route authorities
The Taiwanese Ministry of Transportation has granted Starlux Airlines (JX, Taipei Taoyuan) route authorities to serve the United States, the Central News Agency… Read More »
China Express Airlines takes first ARJ21
China Express Airlines (G5, Chongqing) has taken delivery of its first ARJ21-700 after B-650P (msn 141) arrived at its Chongqing… Read More »
Taiwan’s China Airlines targets 1Q21 pax B747 phase-out
China Airlines (CI, Taipei Taoyuan) will retire its four remaining passenger-configured B747-400s during the first quarter of 2021. According to… Read More »