Iceland is getting another new airline
Airlines may be struggling to survive the industry’s worst-ever downturn, but investors in Iceland reckon the time is ripe to launch a brand new carrier.
One man can save Lufthansa’s bailout or unleash bedlam
Deutsche Lufthansa AG’s future is in the hands of shareholders, who vote Thursday on a 9 billion-euro ($10.2 billion) state bailout. If they reject the…
Discount airline group presses for extension of US assistance
Smaller U.S. airlines are likely to need more government aid amid an uncertain travel recovery, according to a trade group that represents discounters such as…
Emirates to resume flying A380 superjumbos to London, Paris
Emirates plans to restart flying Airbus SE A380 superjumbos to London and Paris from next month as the world’s biggest long-haul airline ramps up operations.
AAAE applauds inclusion of airport investment in House infrastructure proposal
American Association of Airport Executives (AAAE) President and CEO Todd Hauptli issued the following statement regarding the release of comprehensive infrastructure investment legislation – The…
American Air to raise $1.94 billion in share, convertible deals
American Airlines Group Inc. is set to raise $1.94 billion by selling equity and convertible bonds later this week after increasing the size of both…
Lufthansa misses deadline for staff cost cut deal with unions
Deutsche Lufthansa AG missed its deadline to secure union backing for lowering labor costs, underscoring the challenge the German carrier faces to rebound from the…
South African Airways bailout plans emerge from private investors
South Africa’s government received proposals from private financiers interested in investing in a restructured state airline.
American Airlines to raise $2 billion from share, convertible sale
American Airlines Group Inc. is set to raise $2 billion selling shares and convertible bonds after increasing the size of both offerings, according to people…
Germany dares Lufthansa’s billionaire top shareholder to scuttle bailout
Germany stood by its 9 billion-euro ($10 billion) bailout plan for Deutsche Lufthansa AG, daring the airline’s disgruntled top shareholder to shoot it down at…
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