UPDATE May 15 – The acquisition of South African Airways (SAA) by Takatso Aviation Proprietary Ltd seemed to be a step closer late last week after the Competition Commission announced that two shareholders would divest their interest in Takatso. The…
It’s still very early days, but by reporting improved first-quarter results, TAP Air Portugal has taken another step to become more attractive to potential investors when it will be privatized in the future. TAP reduced its Q1 net loss to €-57.4…
Thai Airways joined the ranks of most airlines that reported a strong first quarter of 2023. For Thai, things could only get better as it had to operate under severe travel restrictions in Asia last year, restrictions that have now…
Happy faces not just in Norway today, but also in Canada, where Air Canada reported “an impressive first quarter”, to quote CEO Michael Rousseau. The airline produced a tiny net profit but succeeded in turning around a big loss last year,…
Despite reporting a NOK-992.8 million net loss, Norwegian Air is actually quite pleased with how it weathered the first quarter of 2023. While the operating loss was higher than in Q1 2022, the airline demonstrated that it is no far more…
Archer has completed the final assembly of the first Midnight aircraft and is readying the eVTOL for the first flight and test program later this summer. The vehicle will start with ground testing at the Salinas (California) test facility, where…