THREE MONTH DELAY TO AIR INDIA RESTRUCTURING
Air India’s restructuring programme has been delayed by three months. Local media suggests the delay is due to the government’s desire to revisit the total equity demand of the airline for this fiscal...
Air India’s restructuring programme has been delayed by three months. Local media suggests the delay is due to the government’s desire to revisit the total equity demand of the airline for this fiscal...
Rohit Nandan has been appointed chairman-managing director of Air India. Nandan, a joint secretary in the Civil Aviation Ministry, replaces Arvind Jadhav, a senior IAS officer, who has been told to le...
India’s Jagson Airlines has reported a net loss of Indian rupees (Rs) 30 million ($661,000) in its fiscal first quarter, against a net loss of Rs7.3 million a year ago. Its operating loss before inter...
Air Mauritius has posted another loss of over €11 million due to slower-than-expected demand and high fuel costs. One source conceded that the outlook was “challenging” for the rest of the current yea...
The major shareholders of AirAsia and Malaysia Airlines (MAS), Tune Air and Khazanah Nasional respectively, have agreed not to sell their shares for a period of 30 months under the share swap executed...
China Aircraft Leasing Co. (CALC) has signed an LOI with COMAC to purchase 20 CFM Leap-X-powered C919 aircraft. The C919s will probably be leased to Air China, China Eastern Airlines and China Souther...
Aviation PLC has announced it has entered into 10-year loan facility agreements for up to US $152.2 million under a mandate to Crédit Agricole-Corporate Investment Bank. The loan facilities can be dra...
Thai Airways International has ordered four Airbus A350-900s and five A320s and will also lease eight A350-900s and six A320s. Deliveries of its first A350-900 will start in 2016, while the first A320...
Strategic Airlines is rebranding to become new low-cost brand Air Australia in a bid to take advantage of Virgin Australia’s repositioning and the brand damage to Tiger Airways Australia. The airline ...
Deliveries of Air India’s 787s have been delayed by two more months, with the first aircraft now expected to be delivered in December. Until the airline takes delivery of its 787s it cannot reopen luc...
Kingfisher Airlines has reported a 15% increase year-on-year loss of 263.54 crore for the April-June quarter. High fuel costs, which rose 40%, have completely offset the benefit the airline received f...
Air India and the Appointments Committee of the Cabinet (ACC), headed by the prime minister, have begun its search for a new chair and managing director to replaced Arvind Jadhav. Given the airline’s ...
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