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A collection of 2232 posts

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Asiana Approves Cargo Sale to Pave Way for Korean Air Merger

Asiana Airlines' board of directors has officially approved a plan to sell its cargo business, a critical step in its proposed merger with Korean Air. This divestment is a key remedy required by the European Commission to address competition concerns. Korean Air has selected Air Incheon, a South Korean

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American Airlines Overhauls Leadership as CEO Faces Pressure Over Profit Gap

American Airlines has announced a significant leadership shake-up, with Chief Commercial Officer Vasu Raja set to depart in June. The move comes as CEO Robert Isom faces mounting pressure to close a profitability gap with rivals like Delta and United. Raja was the primary architect of a controversial new

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Kenya Airways Launches Direct Flights to Hanoi, Expanding Asian Network

Kenya Airways has announced the launch of a new direct route to Hanoi, Vietnam, as part of its ongoing network expansion strategy. The new service will be operated by the airline's modern Boeing 787 Dreamliner fleet, connecting its Nairobi hub with the Vietnamese capital. This strategic move is

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Former Ethiopian Airlines CEO Appointed to Advise Jet Airways Revival

Tewolde GebreMariam, the celebrated former CEO of Ethiopian Airlines, has been appointed to the advisory board of India's Jet Airways. This strategic move comes as the airline's new owner, the Jalan-Kalrock Consortium, prepares for its relaunch. GebreMariam is renowned for transforming Ethiopian Airlines into Africa&

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Sun Country Slashes Summer Schedule as Pilots Depart for Delta Air Lines

Sun Country Airlines is drastically cutting its summer flight schedule due to a significant pilot shortage. The Minneapolis-based carrier has experienced high attrition rates, with many pilots leaving for better-paying positions at legacy carriers, particularly Delta Air Lines. This exodus is attributed to an ongoing contract dispute, as

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Air India Appoints Former Ethiopian Airlines Chief Tewolde Gebremariam as New CEO

Air India has named Tewolde Gebremariam, the former chief executive of Ethiopian Airlines, as its new CEO. Gebremariam will take over the leadership position on September 1, 2026, succeeding Campbell Wilson. He is widely recognized for transforming Ethiopian Airlines into Africa's largest and most profitable carrier. The appointment

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Norse Atlantic Airways Launches Inaugural Direct Flight from Athens to New York JFK

Norse Atlantic Airways has commenced a new direct service connecting Athens, Greece with New York's John F. Kennedy International Airport. The inaugural flight departed on May 30, 2024, marking the airline's entry into the Greek market. This seasonal route will operate up to five times per

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Trump Announcement Looms Over Blocked Spirit-JetBlue Merger

A federal judge blocked the $3.8 billion merger between JetBlue and Spirit Airlines in January, citing antitrust concerns that it would harm consumers. The ruling has left Spirit Airlines in a precarious financial position, forcing the carrier to explore refinancing options to manage its debt. Now, former President Donald

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Korean Air-Asiana Merger to Force Sale of Three Low-Cost Carriers

Korean Air's planned acquisition of its rival, Asiana Airlines, is poised to significantly restructure South Korea's low-cost carrier (LCC) market. To satisfy anti-trust concerns and gain regulatory approval, the merged entity will be required to sell its LCC subsidiaries. This divestment includes Jin Air,

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United Airlines CEO Signals Readiness for Future Mergers Amid Shifting Industry Landscape

United Airlines CEO Scott Kirby has indicated that the airline is prepared for future industry consolidation, although the timing is not yet right. Speaking at a J.P. Morgan conference, Kirby stated that while he believes mergers are inevitable and ultimately good for the industry, the current Department of Justice

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Royal Jordanian Airlines Takes Delivery of its First Embraer E195-E2 Jet

Royal Jordanian Airlines has officially received its first Embraer E195-E2 aircraft at a ceremony in Brazil. This delivery is the first of a total of eight E2 family jets set to join the airline's fleet. The deal, which involves aircraft lessor Azorra, is a key component of

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National Airlines Expands Cargo Fleet with Third Boeing 777 Freighter

National Airlines has taken delivery of its third Boeing 777-200 freighter, registered as N703NA, accelerating its ongoing fleet expansion. This new addition is part of the airline's strategy to enhance its global air freight capacity and meet growing market demand. The Boeing 777 freighter is renowned for

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Airbus Outlines Strong 2023 Performance and Future Production Goals

Airbus has announced strong financial results for 2023, with revenues increasing by 11% to €65.4 billion despite a challenging operational environment. The company is focusing on a significant production ramp-up, targeting the assembly of 75 A320 family aircraft per month in 2026. CEO Guillaume Faury highlighted that while

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US-Bangla Airlines Expands Fleet with Arrival of New Boeing 737-800

US-Bangla Airlines has officially expanded its fleet with the arrival of a new Boeing 737-800 aircraft at Dhaka's Hazrat Shahjalal International Airport. This is the first of two 189-seat Boeing jets the carrier is adding, with the second scheduled to arrive in the third week

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El Al CEO Highlights Historic All-Female Flight Crew to Saudi Arabia

El Al's CEO, Dina Ben-Tal Ganancia, has highlighted a recent historic flight to Saudi Arabia operated by an all-female crew. This marked the first time the Israeli national carrier has conducted such a flight to the kingdom. The charter flight transported the Hapoel Jerusalem basketball team

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US-Bangla Airlines Finalises $1.5 Billion Order for 21 Boeing Aircraft

US-Bangla Airlines has announced a significant fleet expansion with a firm order for 21 Boeing aircraft, valued at approximately $1.5 billion. The agreement includes ten new Boeing 737 MAX 8 passenger jets and eleven 737-800 Boeing Converted Freighters (BCF). This strategic acquisition is aimed at modernising the

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Ethiopian Airlines Reports 20% Revenue Jump to $9.1 Billion

Ethiopian Airlines Group has announced a significant 20% increase in revenue, reaching $9.1 billion for its 2023-24 fiscal year. This growth was fueled by a 21% surge in passenger numbers, with the airline carrying 17.1 million people. The carrier's net profit also rose by 14%

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JetBlue Losses Widen as Soaring Fuel Costs Hit Earnings

JetBlue has reported an increased net loss for its latest financial quarter, citing significant industry headwinds. The airline attributed the negative results primarily to soaring fuel prices, which heavily impacted its operational expenses. Despite continued strong demand for air travel, the high costs have offset revenue gains. Management is now

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Wizz Air Suspends All Flights to Moldova Citing Airspace Security Risks

Wizz Air has announced the suspension of all its flights to and from Chișinău, the capital of Moldova, starting March 14. The airline cited concerns over the safety of the country's airspace, describing the risk as "elevated, but not imminent." This decision follows a period of

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Capital A Reports Record Revenue and Swings to Profit in Q1 2024

Capital A Bhd, the parent company of AirAsia, announced a significant financial turnaround for the first quarter of 2024. The group achieved a record quarterly revenue of RM5.71 billion, a 66% increase from the same period last year. This surge resulted in a net profit of RM107.12 million,

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Report: United Airlines CEO Approached Delta Counterpart About a Mega-Merger in 2023

A new report from Politico claims that United Airlines CEO Scott Kirby approached Delta Air Lines about a potential mega-merger last year. The discussion, described as preliminary, took place between Kirby and Delta CEO Ed Bastian. The proposal aimed to create the world's largest airline, but the

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Textron Aviation Commemorates 50th Anniversary of First Citation Jet Flight

Textron Aviation is celebrating the 50th anniversary of the maiden flight of the first Citation jet prototype, the Citation 500. The historic flight occurred on September 15, 1969, launching what would become the world's most popular family of business jets. The original prototype, known as the Fanjet 500,

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United CEO's New Book Reveals Secret Merger Proposal to Delta Air Lines

In his new book, United Airlines CEO Scott Kirby reveals he once approached Delta Air Lines with a proposal for a secret merger. Kirby presented the idea to Delta's CEO, Ed Bastian, arguing it would create a formidable global carrier. However, Bastian ultimately rejected the offer, halting any

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Southwest Airlines Cuts Profit Forecast Amid Rising Fuel Costs

Southwest Airlines has lowered its third-quarter profit forecast, citing a significant and recent surge in jet fuel prices. The carrier now anticipates fuel costs to be between $2.70 and $2.80 per gallon, an increase from its previous estimate of $2.55 to $2.65. CEO Bob Jordan

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Rostec's Airline Merger Plan Shows Deepening Strain in Russian Aviation, Says Ukraine Intelligence

Ukraine's Main Intelligence Directorate (GUR) reports that Russian state corporation Rostec is proposing a major merger of national airlines, including Aeroflot and S7. The stated purpose is to improve financial stability and optimize the country's transportation policies. However, Ukrainian intelligence assesses this move as a symptom