Ethiopian Airlines’ Aviation Training Academy plans to buy simulators for different aircraft to train pilots, along with other equipment to train cabin crew. The national flag carrier is to sign a $49...
Lithuanian airline Star1 Airlines has filed for bankruptcy after a flurry of legal claims when its only aircraft was detained in Dublin last week. The Star Team Group stated in a press release that it...
Banks working to restructure debt packages of both Kingfisher Airlines and Paramount are reported to have approached Reserve Bank of India to treat aviation debt as standard assets rather than restruc...
Air New Zealand, the national carrier, has been upgraded to an investment grade Baa3 credit rating by Moody's Investors Service due to its implied government support. Moody's said the airline's majori...
Following the merger with Southwest, AirTran share fell slightly by 0.14% to close at $7.34 on Friday October 1 with the over all traded volume of 15.90 million shares for the day. AirTran Holdings, I...
EgyptAir has selected software provider SAP to support the airline's growth and expansion plans by supplying solutions that improve the company's financial visibility and optimize route profitability....
The rise in passenger tax by the UK Government from November 1 has the potential to cause thousands of job losses, say UK airlines. The British Air Transport Association has warned that the significan...
India has invited companies to participate in its aviation sector, says Civil Aviation Minister Praful Patel: "Though India has achieved a lot of progress in this area in a short span of time, still w...
Ghaith Al Ghaith, FlyDubai CEO explained yesterday at the Low Cost Congress in London how the airline has been successful at adapting the traditional low cost model to meet the requirements of the env...
Oil prices advanced again on Thursday on upbeat economic news that could hint at improving demand for energy products. Benchmark oil rose $1.04 to $78.90. ...
Moody's Investors Service has increase the ratings for United parent, UAL Corp following the completion of its review of the airline after it announced it was to merge with Continental Airlines. Moody...
JLL Partners and Morgan Stanley Capital Partners have both agreed to sell their stakes in aerospace components developer McKechnie Aerospace Holdings to TransDigm Group, a designer and manufacturer of...
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