Low-cost carrier Norwegian is set to reduce its short- and medium-term fleet plans, by announcing deferral of new aircraft deliveries and divestments of aircraft currently owned, it said in a January 29 announcement to investors. Full details will be disclosed…
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IAG’s announcement that it will sell its 3.93% share in Norwegian Air Shuttle (ASA) in due course marks the end of a nine-month attempt by the airline group to get a grip on the low-cost airline from Northern Europe. Who…
Airbus has given its strongest signal yet that a no-deal Brexit from the European Union will have long-term consequences of its position within the United Kingdom. In a video published January 24 on the Airbus website, president Tom Enders warned…
Airline profits have been further squeezed during Q3 2018 and their outlook is very uncertain for the next months, IATA’s December financial monitor as well as UK consultants IBA January survey show. Both were released late last week. For 2019 IBA is pessimistic…
Lufthansa Group member Austrian Airlines is to restructure its operations and make Vienna Schwechat Airport its central hub. The airline will also grow the continental fleet while studying plans to renew the long-haul fleet, Austrian announced on January 17 during…