Interesting movements in 2013
European consolidation is finally on the cards, but not through mergers, rather through cost cutting. Thomas Cook is merging its European businesses, while Ryanair and Flybe will together create an op...
European consolidation is finally on the cards, but not through mergers, rather through cost cutting. Thomas Cook is merging its European businesses, while Ryanair and Flybe will together create an op...
Korean Air has closed a $149.197 million pre-funded Eximbond to finance one 777F (msn 37640). This is the airline’s first Ex-Im Bank guaranteed bond issuance and the first Ex-Im Bank guaranteed prefun...
Tony Fernandes’ AirAsia Group and Tata Sons have come to an agreement to form a joint-venture (JV) airline, bringing the Tata family back into the airline sector for the first time since 1953 when Tat...
Etihad Airways has concluded a transaction with Jet Airways to purchase the Indian carrier’s three pairs of London Heathrow airport slots for $70 million. The purchase is part of a sale and lease back...
Qantas has posted a net profit of $111 million in the six months to December 31, up from $42 million in the year-ago period. Although this triples profits, the resultare still far below analyst expect...
Garuda Indonesia has secured a two-year $70 million unsecured loan from Bank Permata. The airline has also issued an aircraft leasing tender for Hajj transportation for the year of 2013. It has reques...
Tony Fernandes, CEO of AirAsia Group has abandoned plans to set up a joint venture (JV) airline in Singapore. He tweeted: “No Singapore. We serve it well already from all our airlines. No Laos. No Bru...
Japan Airlines (JAL) is seeking to replace its grounded 787 aircraft on routes between San Diego and Tokyo, which have been cancelled for the foreseeable future. JAL may use the larger 777 while the 7...
Tongan-owned domestic airline, Real Tonga, has secured the lease of two Y-12 aircraft and will start servicing Tonga's outer islands on 4 March 2013. Tevita Palu, the Chief Executive Officer of Real T...
In 2012 ATR recorded its highest turnover, 1.44 billion dollars. The turboprop aircraft manufacturer also achieved a record annual delivery level of 64 aircraft, an increase of 18% over 2011 deliverie...
The Civil Aviation Administration of China (CAAC) is taking steps to increase connectivity by agreeing a new selection of permits within its jurisdiction. After the 2007 suspension of new domestic app...
A new airline operator dedicated to North East India is set to take off by April 1, 2013, U K Sangma, Secretary, North Eastern Council (NEC), said. "The bidding process for the services, which has alr...
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