Nigerian airlines owe N135billion
Mustapha Chike-Obi, managing director, Asset Management Corporation of Nigeria , has declared that distressed airlines in the country owe the corporation N135 billion ($831m). The corporation took ove...
Mustapha Chike-Obi, managing director, Asset Management Corporation of Nigeria , has declared that distressed airlines in the country owe the corporation N135 billion ($831m). The corporation took ove...
AerCap Holdings and AerDragon, its Chinese joint venture, have signed purchase agreements for five new A330-300s which will be leased to Singapore Airlines. AerCap will lease four of the aircraft and ...
Adria Airways is planning to phase out its two A319s and one A320 due to overcapacity. The airline currently operates one A320, two A319s, four CRJ900s and six CRJ200s. Although CEO Klemen Bostjancic ...
Sir Stelios Haji-Ioannou, easyJet’s founder and largest shareholder holding a 37% stake, has called on easyJet’s chairman, Sir Michael Rake, to resign. Following the Libor scandal, Sir Michael Rake ha...
The Chinese government has cut domestic jet fuel prices by 9% to CNY 6,724 ($1,064) per ton and prices are now 12% down on last year. ICICI Bank has managed to offload its US$99m (430 crore) exposure ...
A global outage of the travel transaction processor software Amadeus disrupting flights around Australia as staff were forced to check in passengers manually. The outage also led to a small number of ...
Cathay Pacific Airways has ruled out launching a low-cost subsidiary to better compete with its rivals. In an interview with the Financial Times, Chief executive John Slosar said Cathay had not lost g...
Three airlines: Philippine Airlines, Tiger Asia and Hainan Air, have informally raised interest in the low-cost regional carrier Zest Air. However, chairman of Zest Air Donald Dee has declared that th...
AMR, the parent of American Airlines, has re-stated its desire to emerge from bankruptcy without outside assistance. The airline has asked for a three month extensive to file a reorganization plan in ...
Pilots at Delta Air Lines have approved a new contract that will allow Delta abandon 50-seat regional jets and fly more 76-seat aircraft. The new deal caps the number of 50-seat jets at 125, down from...
Emirates is planning to add three new flights from Dubai to Iraqi southern port city Basra from July. The move will increase the current service from four to seven flights a week to serve a growing nu...
It has been reported that Aer Arann, owned by the UK distribution firm Stobart Group, will announce an order for several ATR 72s at the Farnborough Airshow. The airline currently operates four ATR 42-...
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