Colombia’s ultra-low-cost carrier Viva Air may not survive much longer. The airline is –according to recent reports– days away from formally ceasing operations as it painfully awaits the government approval of its merger with Avianca. Losing ground by the minute…
Air India is to use a combination of cash flows, likely induction of funds from the shareholders, and exploring other options such as sale and lease back to finance its order for 470 aircraft which has a book value of $70…
UPDATE – International Airlines Group (IAG) has a deal to acquire Spanish airline Air Europa. It announced an agreement with the airline’s owner Globalia on Thursday evening, saying it intends to pay €400 million for the independent carrier. The acquisition…
Air New Zealand delivered its first profit since the start of the pandemic, reporting a $299 million pre-tax profit for the first six months of FY23. The airline says that its recovery is “well underway”, which bodes well for HY2.…
Air Canada returned to profitability in the final quarter of 2022, producing its first profit since Q4 2019. Although the full year was still loss-making, the carrier more than halved its net loss. The airline is expecting a “solid demand environment…
Two years earlier than what it said only some months ago, Air France-KLM wants to free itself from all French and Dutch state aid and state-backed loans as early as coming April. With that, the airline group wants to get rid…