Air Arabia Abu Dhabi, a joint venture between United Arab Emirates carriers Etihad Airways and Air Arabia, has received its air operating license, it said on Thursday. The launch of operations, which had been planned...
United sells 22 planes to Bank of China Aviation
United Airlines will sell and lease back 22 planes to Bank of China (BOC) Aviation, a statement from the aircraft investor released to the Hong Kong Stock Exchange said on Sunday. The deal involves six Boeing 787-9...
AirAsia, Malaysia Airlines merger an option as COVID-19 hits industry – minister
Merging money-losing state carrier Malaysia Airlines Bhd (MAB) with budget airline AirAsia Group Bhd is one of the options to “save” them as the COVID-19 crisis batters the industry, Malaysia’s second-most senior...
Britain’s Stobart Group considers buying back Stobart Air
Infrastructure group Stobart is considering buying back regional airline Stobart Air and its leasing firm Propius from the administrators of Connect Airways, it said on Thursday. Stobart Group sold the regional airline...
Poland won’t pay penalty for German airline deal exit: minister
Poland will not be penalised for walking away from a planned takeover of German airlines Condor, State Assets Minister Jacek Sasin said on Thursday. The owner of Poland’s national airline LOT, state-run Polish Aviation...
Two private groups considering bid for Virgin Australia – AFR
Two private groups are considering making approaches for Australia’s second-biggest airline Virgin Australia Holdings Ltd, The Australian Financial Review reported, citing sources. A private equity investor has...
Virgin Australia suspends trading to continue talks over rescue package
Cash-strapped Virgin Australia Holdings Ltd on Thursday suspended trading in its shares to continue talks on financial aid and restructuring alternatives to help it weather the coronavirus crisis. Australia’s second...
Finnair says plans China JV with Juneyao Air
Finnish flag carrier Finnair said on Tuesday it has signed a letter of intent with Shanghai-based Juneyao Air to establish a joint venture, which will enable wider code-sharing on the two airlines’ routes. “Taking...
Poland’s LOT pulls out of deal to buy German airline Condor
The owner of Poland’s national airline LOT said on Monday it had pulled out of a deal to buy German rival Condor, raising the prospect of Berlin nationalising the troubled business. Two weeks ago sources familiar with...
Norwegian Air seeks $4.3 billion debt-for-equity deal as crisis deepens
Norwegian Air plans to convert up to $4.3 billion of its debt into equity and to issue new shares as it seeks to stay in business following the COVID-19 outbreak that has grounded almost all of its fleet, the budget...
Alaska’s RavnAir may face bankruptcy fight over jets grounded by coronavirus
Alaska’s North Slope Borough government has moved to seize the assets of RavnAir Group after it declared bankruptcy due to the coronavirus, aiming to protect its region’s air service but also setting up a potential...
GSV bids $2.5 billion for Malaysia Airlines, says funded by European bank
Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters...
