The Indian government has approved an advance equity infusion of Rs 250 crore to Air India to ensure that the airline can pay its bank debt and avoid a default. The airline was on the verge of default...
Several members of Star Alliance have expressed concern over Air India’s entry into the airline consortium – all eager to take a slice of the burgeoning Indian air travel market. Star Alliance will me...
Air China has bought a 31% stake in Tibet Airlines for CNY86.8 million ($13.5 million). The government-owned airline bought the stake from Tibet Autonomous Region Investment Co., which originally hel...
Singapore Airlines has reported an 82% slump in net income to S$44.7 million ($37 million) in the three months ended June. Shares fell as much as 9.3% on the news – the most on an intraday basis since...
Transportation Secretary Ray LaHood has demanded the bill is passed to end the Federal Aviation Administration closed. At a White House briefing yesterday, LaHood said: “Congress needs to pass a clean...
After cutting fares when the FAA stopped collecting taxes, Spirit Airlines bookings’ growth had increased by 43% between Saturday and Tuesday, compared with a 23% gain in the first three weeks of the ...
Brazilian airline Gol Linhas Aereas (Gol) has lowered its outlook for 2011 operational margins as rising fuel and additional personnel costs impact earnings. In a securities filing, Gol slashed its op...
In light of the difficult operating environment, Deutsche Lufthansa is stepping up cost cutting and restructuring at both Austrian Airlines and British Midland Airways (BMI). The move is an attempt to...
Engineers at Auckland’s domestic terminal have been inspecting a Jetstar A320 aircraft through the night after a burning smell was detected. The aircraft had just arrived from Christchurch and was in ...
The Indonesia’s government has ordered all airlines and airports to be ready for an imminent strike by pilots of the state-run Garuda Indonesia. Most of the 800 union pilots at Garuda plan to strike f...
Hawaiian Holdings reported a consolidated net loss for the three months ended June 30, 2011 of $50.0 million, or $0.99 per basic and diluted share, on total operating revenue of $395.0 million. The lo...
Delta Air Lines reported earnings have fallen short of Wall Streetestimates owing to the sharp increase in fuel costs. Net income at Delta was $198 million, or 23 cents a share, for the second quarter...
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