Norse Atlantic has raised $110 million in gross proceeds through a rights issue to strengthen the airline’s financial position. At the same time, the Norwegian carrier has launched a strategic review that could result in a sale, merger, or partnership,…
In response to the slowdown in outbound domestic traffic due to higher fuel prices and exchange rates, Korean Air is trying to attract extra inbound and transit traffic to Korea. The airline has also implemented cost reductions this month to…
Some media already call it the “honeymoon of the elephants”: United Airlines and American Airlines joining forces to become the biggest airline in the world. For now, this is just an unconfirmed rumor with plenty of (antitrust) obstacles and showstoppers…
Dutch startup Elysian has revised the design of its all-electric E9X airliner. The aircraft now features fewer electromotors and an extended wing, which houses the battery packages. Elysian said in a media release on Friday that it has completed the…
On Thursday, Turkish Airlines’ shareholders approved a sweeping management change that sees Chairman Ahmet Bolat replaced by Chief Financial Officer, Murat Seker. Chief Executive Officer Bilal Eksi has also stepped down and has been succeeded by Ahmet Olmustur. Turkish media…
AirAsia X has reaffirmed its commitment to launch operations from Bahrain and develop it as a hub between Asia and Europe. Despite uncertainties over the Iran conflict, the low-cost carrier reiterates that it will start a seasonal service on June…