Tag Archives: Airline

Oslo County Court approves Norwegian financial restructuring

The Oslo County Court has approved a reconstruction plan for low-cost carrier Norwegian in Norway. Reaching this milestone means that both the reconstruction processes in Ireland and Norway have now been approved by the courts. The company will now prepare the process of raising new capital. The court reached a positive conclusion after the creditors […]

Leeds Bradford Airport redevelopment delayed

Proposals to redevelop Leeds Bradford Airport have hit a snag after the government sought more time to evaluate the plans. Plans to demolish existing buildings and build a new terminal were approved by Leeds City Council in February. However, communities secretary, Robert Jenrick, has now said the £150 million development will require further analysis. Objectors […]

Ryanair cuts expected losses for 2020

Ryanair now expects to report a pre-exceptional loss for the year to March 31st of between €800 million and €850 million. The low-cost carrier, which recently laid out bullish plans for summer travel, had previously said it might lose as much as €950 million The group said full-year traffic was 27.5 million passengers, down from […]

Air Canada pulls out of Air Transat acquisition

Air Canada has called off a proposed deal to acquire Air Transat after it became clear the move would not be approved by the European Union. The flag-carrier and Transat had originally agreed in June 2019 on the acquisition. The terms of the purchase were subsequently amended in August 2019 and then again in October […]

Walsh steps up to lead International Air Transport Association

Willie Walsh has officially taken on the role of director general of the International Air Transport Association. He succeeds Alexandre de Juniac. The former chief executive of International Airlines Group (IAG) said: “I am passionate about our industry and about the critical work that IATA does on behalf of its members, never more so than […]

American repays US$2.8bn in revolving credit facilities

American Airlines has repaid $2.8 billion in revolving loans, in the aggregate, under three separate revolving credit facilities in a liquidity-neutral transaction. American borrowed the $2.8 billion in April last year in response to the Covid-19 pandemic and its impact on the demand for air travel. The revolving credit facilities are supported by 18 lending […]

Alaska Airlines joins oneworld alliance

Marking a milestone in its 89-year history, Alaska Airlines has celebrated its first day as a member of oneworld. The carrier becomes the 14th full member of the global alliance, just eight months after receiving a formal invitation from oneworld in July. “Joining oneworld is joining a family of the best airlines in the world,” […]

Corsair welcomes first Airbus A330-900 to fleet

Corsair has taken delivery of its first A330-900, on lease from Avolon. By selecting a total of five A330neos, the French airline is executing its strategy to become an all-A330 operator. The aircraft features 352 seats in a three-class layout, providing all the comfort and amenities of Airbus’ leading ‘Airspace’ cabin, including state-of-the-art passenger in-flight […]

Emirates to return to Orlando in June

Emirates has announced it will resume four-weekly services to Orlando from June 2nd, further expanding its US network. With the addition of Orlando, Emirates will be serving over 60 weekly services to and from 11 US destinations including Boston, New York (JFK), Los Angeles, Chicago, Washington D.C, Seattle, Dallas, Houston, San Francisco and Newark. Emirates […]

Qatar Airways to grow network to 140 destinations

Qatar Airways has unveiled plans to operate around 1,200 weekly flights to more than 140 destinations over the peak summer season. This is ten more destinations than over the winter. The carrier said it would continue to expand its network of destinations, arguing it offered more flights to international destinations than any other airline. By […]