Air Freight News
Principal shareholders of Avianca and controlling shareholder of GOL to create Abra Group, a leading air transportation group across Latin America
• Subject to customary regulatory approvals and closing conditions, Abra will control Avianca and GOL and bring together their iconic brands under a single group…
LATAM continues operational recovery in the first quarter despite the Omicron variant impact and rising fuel prices
Despite a challenging first quarter following the appearance of the Omicron variant of Covid-19, and a dramatic increase in fuel prices, LATAM has continued to…
Airline sale for $3 keeps it a financial burden for South Africa
South Africa’s decision to sell a majority stake in the country’s loss-making national airline for just over $3 represents an ongoing financial risk to the…
Cathay cash burn improves as Hong Kong starts easing Covid curbs
Cathay Pacific Airways Ltd. expects cash burn to drop to less than HK$500 million ($64 million) a month within “the next few months” as Hong…
Air France seeing a gradual revival in transatlantic business travel
Air France-KLM is seeing a gradual revival in business travel as companies are starting to send employees to in-person meetings and conferences following a hiatus…
Alstom is still haunted by troubled Bombardier acquisition
French rail-equipment maker Alstom SA remains under pressure more than a year after the acquisition of a Canadian rival that rapidly soured.
Lufthansa apologizes for blocking orthodox Jews from flight
(Bloomberg) -- Deutsche Lufthansa AG has apologized to a group of around 100 orthodox Jews who were prevented from boarding a connecting flight to Budapest…
Flight scare in Israel after crash images sent to passengers
A Turkish Airlines carrier flight from Tel Aviv to Istanbul was sent back to the terminal after passengers reported receiving images of crashed planes on…
SAA remains a financial burden for South Africa, Treasury warns
South Africa’s decision to sell a majority stake in the country’s loss-making national airline represents an ongoing financial risk to the state as the terms…
Saudi carrier Flynas agrees sale-leasebacks to fund 14 new jets
Saudi Arabian discount airline Flynas agreed so-called sale-leaseback deals that will fund the purchase of 14 Airbus SE narrow-body jets.