Air France-KLM has launched an offering of deeply subordinated undated bonds worth €300 million that may be converted into new shares or are exchangeable for existing shares. The offering, which should help to improve the negative equity position of the airline…
ITA Airways says it has confirmed all its commitments for new aircraft for 2023 and will induct thirty Airbus narrowbodies and nine Airbus A330-900s into the fleet next year. The Italian carrier will grow its seat capacity/available seat kilometers (ASK)…
The coming twelve months could be crucial for the consolidation of the airline industry in Southern Europe. Not just in Italy, where a final decision on the partial sale of ITA Airways is delayed as a new administration has entered…
In what usually is its strongest quarter, Air France-KLM’s Q3 results outperformed those of 2019. This mirrors the situation of Lufthansa Group on Thursday. Long-haul and cargo have been very strong, but short-haul is still a bit behind. Air France-KLM also back…
ITA Airways is in a wait-and-see position when it comes to what the new Italian government will decide on continuing the bidding process for a partial sale of the airline. A consortium of Certares and Delta Airlines plus Air France-KLM…
UPDATE – Not Lufthansa and MSC Group, but the consortium of Certares, Delta Airlines, and Air France-KLM seems to be in pole position now to buy a majority share of Italian airline ITA Airways. The Italian Ministry of Economy and…