Commission Finance Minister Tonio Fenech has declared that a final decision to approve Air Malta’s restructuring plan will be likely by December. The restructuring plan was presented to the omission l...
The proposed €25 million deal between Flybe Group and Finnair joint venture, Flybe Nordic, to buy Finnish Commuter Airlines has been approved by the Finnish authorities and the deal is expected to clo...
Alitalia Group has reported a net loss of €94 million ($134.9 million) in the 2011 first half. However, this is a 43% improvement from the €164 million deficit incurred in the same period last year. H...
Serbia is seeking investors to form a new national airline to replace its ailing JAT Airways. Serbia’s infrastructure ministry says that airlines that carried more than 1.5 million passengers last yea...
New rules proposed by the Russian Federal Air Transport Agency (Rosaviatsia) that only allow carriers with a minimum of 20 aircraft of the same type to run scheduled services, threatens the existence ...
Air Malta has announced the appointment of Nicholas Xuereb as its new Chief Financial Officer . He will be spearheading the airline’s financial department and will be reporting directly to CEO, Peter ...
British Airways, part of International Airlines Group, is refusing to pay a £121.5m fine from the Office of Fair Trading in 2007 for allegedly fixing the price of fuel surcharges. The UK airline says ...
International Airlines Group, parent of British Airways and Iberia, has posted a net profit of €71 million for the 2011 first half. This is a reversal from the €352 million net deficit reported by Bri...
BMI British Midland has recorded a total operating loss of £105m for the first half of 2011 – a 29% decline on the first six months of 2010. In a statement, the company said: "In the light of the ongo...
Ireland’s Department of Transport has stated that the €3 passenger air travel tax will remain until at least next spring because it is not happy with pledges from the airlines about increasing the num...
Armac Systems has signed a major capability enhancement agreement with SR Technics. The agreement is worth €2m over 24 months. Armac Systems, based in Drogheda, Co Louth, is a client of Enterprise Ir...
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...
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